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Billy McFarland, co-founder of Fyre Festival is sentenced to six years in prison with three years probation, and was ordered to pay restitution of just over $26 million. McFarland, 26, pleaded guilty to two counts of wire fraud in March. He admitted to defrauding 80 investors as well as falsifying documents to fund the 2017 music festival, Fyre Festival. McFarland was also caught selling fraudulent tickets to high-end events including the Met Gala and the Grammy Awards through his company called NYC VIP Access while out on pre-trial bail for his initial fraud charges. ___ In the U.S. Southern District Court in Manhattan, Judge Naomi Buchwald called McFarland a “serial fraudster,” that has “been dishonest for most of his life.” ___ McFarland made a statement to the court, saying: "The thing that pushed me more than anything was fear" of the Fyre Festival failing, and of "letting everyone down." ___ Photo: Brendan McDermid | Reuters: 5UU PDI U.S. NEWs MCFARLAND SENTENCED Oct 11 | Billy McFarland, co-founder and organizer of Fyre Festival, is sentenced to six years in prison with three years probation. Billy McFarland, co-founder of Fyre Festival is sentenced to six years in prison with three years probation, and was ordered to pay restitution of just over $26 million. McFarland, 26, pleaded guilty to two counts of wire fraud in March. He admitted to defrauding 80 investors as well as falsifying documents to fund the 2017 music festival, Fyre Festival. McFarland was also caught selling fraudulent tickets to high-end events including the Met Gala and the Grammy Awards through his company called NYC VIP Access while out on pre-trial bail for his initial fraud charges. ___ In the U.S. Southern District Court in Manhattan, Judge Naomi Buchwald called McFarland a “serial fraudster,” that has “been dishonest for most of his life.” ___ McFarland made a statement to the court, saying: "The thing that pushed me more than anything was fear" of the Fyre Festival failing, and of "letting everyone down." ___ Photo: Brendan McDermid | Reuters

Billy McFarland, co-founder of Fyre Festival is sentenced to six years in prison with three years probation, and was ordered to pay resti...

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