The promoter behind Fyre Festival, the failed music festival held in the Bahamas, was arrested on Friday in New York on a wire fraud charge.
Billy McFarland was charged with scheming to defraud investors in his company, Fyre Media, and Fyre Festival that was supposed to take place on the island of Exuma over two weekends in April and May.
The festival was billed as an ultra-luxurious event with headliners including bands like Blink-182 and the hip-hop act Migos. But performers bowed out and organizers were forced to cancel the show.
Read more at CBC News
This article is summarized by Canadian Fraud News Inc.
Marina Burghard writes for Canadian Fraud News about fraud-related cases, whistleblower, jurisdiction, identity theft, consumer protection, etc. – essentially about scams and how to protect yourself against this kind of fraudulent criminal behavior. She holds a Master’s degree in Political Science where her interest in criminology grew. Besides fraud, Marina’s scientific interest lies in terrorism, extremism and how to deal with it as a society.