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Showbiz

Eugene

(62,782 posts) Fri Jun 30, 2017, 11:32 PM Jun 2017

Promoter in failed Bahamas Fyre music festival arrested in New York

Source: Associated Press

Promoter in failed Bahamas Fyre music festival arrested in New York

Associated Press
Saturday 1 July 2017 04.45 BST

The promoter behind a failed music festival in the Bahamas has been arrested in New York on a wire fraud charge.

Federal prosecutors say Billy McFarland was arrested on Friday and is charged with scheming to defraud investors in his company, Fyre Media.

McFarland’s Fyre festival was billed as an ultra-luxurious event with headliners including rockers Blink-182 and the hip-hop act Migos. But performers bowed out and organizers were forced to cancel the show.

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Acting US Attorney Joon Kim said McFarland presented fake documents to induce investors to put more than $1 million into his company and the failed festival.

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