William McFarland in court

William “Billy” McFarland is the cofounder of the disastrous Fyre Festival. He was arrested on June 30 and charged with one count of federal wire fraud in connection with a scheme to defraud investors. I guess there is fyre all over the place.

According to CNN, the prosecutors accuse William that the Fyre Media CEO defrauded at least two people who invested approximately $1.2 million in the Fyre Festival, in addition to supposedly presenting false stock ownership documentation to another investor.

LOL @fyrefestival

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The Fyre Festival was organized by McFarland and rapper Ja Rule and was publizised as a trendy musical festival in the hopes of bringing attention to their Fyre app. This app books celebrities for events. The festival was advertized on social media by for example the models Kendall Jenner and Bella Hadid, and also other young celebrities.

The festival was slated to take place over two weekends in April and May in Exuma, Bahamas — but halfway through April, it was clear that things were not going in the good direction. Blink-182 pulled out of their headlining gig just a day before the festival’s first day.

The audience — some of whom had paid up to $12,000 — arrived on April 27. They were told that they would be staying in luxurious villas on the beach, only to find disaster-relief tents on gravel lots. Those in attendance began to document their poor accommodations, and their complaints went viral on networking site Twitter.

The next day, Fyre organizers announced that the festival was postponed and all attendees would have to go home, overwhelming the Exuma Airport and causing major delays.

We've got a ton of live videos on our story!

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Ja Rule issued a statement where he apologized. He insisted on the fact that the festival was not a scam, while McFarland blamed bad weather for the disorganization and promised to give refunds. Soon after, several lawsuits began to roll in.

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