A federal judge has given the creator of the highly publicized, failed Fyre festival in the Bahamas a six-year prison term.
Billy McFarland was sentenced on Thursday in federal court in Manhattan. Judge Naomi Reice Buchwald called him a “serial fraudster”.
He had admitted defrauding investors of $26m in the 2017 music festival and over $100,000 in a fraudulent ticket-selling scheme after his arrest in the festival scam.
Buchwald says McFarland deserved a long prison term because he disrespected the criminal justice system by lying to law enforcement agents when they learned about the ticket-selling business.
Speaking in a courtroom packed with friends and family and at least one victim, McFarland apologized as family members cried behind him.
He said he hit rock bottom and plans to become a better person.
The festival was promoted as an ultra-luxurious event on the Bahamian island…
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