Fyre Festival promoter arrested for fraud again

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Fyre Festival promoter arrested for fraud again

"In March of 2018, William McFarland pled guilty to defrauding investors and vendors of the Fyre Festival, but it is apparent that he did not stop there", William F. Sweeney Jr., FBI assistant director-in-charge, said in a statement Tuesday.

McFarland used a spreadsheet identifying the Fyre Festival attendees with the highest salaries, the feds said.

McFarland now faces one charge of wire fraud and one count of money laundering on top of the charges he faced from the original Fyre Festival. The festival was anything but the ultra-luxurious event promoted as "the cultural experience of the decade" and touted on social media by Kendall Jenner, Bella Hadid, Emily Ratajkowski and other models and celebrities.

Prosecutors said McFarland, 26, began running the scheme late past year, several months after his arrest for defrauding Fyre investors out of $26 million.

A magistrate judge ordered him detained Tuesday after prosecutors said they have evidence that McFarland may have also committed bank fraud and identity theft while out on bail.

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Fyre Festival was one of the biggest flops in the history of music festivals.

His lawyer, Randall Jackson, argued Tuesday that McFarland had proven he was no risk to flee by surrendering when he learned Federal Bureau of Investigation agents were looking for him.

"We vigorously contest what is in this complaint", his lawyer Randall Jackson told the judge.

McFarland is reportedly now facing a new set of charges connected to a post-Fyre Festival ticket scam.

Earlier this year, he pleaded guilty to wire fraud as well as lying to investors. Each of the four counts carries a maximum sentence of 20 years in prison, although, on the initial charges at least, he was realistically looking at a much lighter sentence. They say the 26-year-old McFarland went on to sell fraudulent tickets totalling nearly $100,000 to various events.

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