The Festival Fizzled Out. But the Feds Find a Way to Profit

The Festival Fizzled Out. But the Feds Find a Way to Profit

Newser - Crime·2020-08-02 07:06

(Newser) – More than three years after the highly publicized Fyre Festival famously fizzled out in the Bahamas, merchandise and other "minor assets" are up for sale—courtesy of the US Marshals Service, the AP reports. In a release Thursday, the US Marshals announced that 126 items from the festival will be auctioned off, with proceeds going toward the victims of Billy McFarland. McFarland acknowledged defrauding investors of $26 million in the 2017 Fyre Festival and over $100,000 in a fraudulent ticket-selling scheme after his arrest in the scam. He was sentenced to six years in prison in October 2018. Now 28, he's serving his sentence at a low-security prison in Ohio, according to the Bureau of Prisons.

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