Fyre Festival Founder Arrested, Charged With Fraud
Billy McFarland was charged with scheming to defraud investors in his company, Fyre Media.
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 Friday and is charged with scheming to defraud investors in his company, Fyre Media.
McFarland's Fyre Festival was billed as an ultraluxurious event featuring headliners including rockers Blink-182 and the hip-hop act Migos. But performers bowed out, and organizers were forced to cancel the show.
Acting U.S. Attorney Joon Kim said McFarland presented fake documents to induce investors to put more than $1 million into his company and the failed festival.
An attorney who has represented McFarland did not immediately respond to an email requesting comment.
Fyre Media's co-founder, the rapper Ja Rule, was not arrested.