Joon Kim, the Acting United States Attorney for the Southern District of New York — coincidentally the attorney who has changed “the mens” shot for digging around Donald Trump‘s sketchy props — exhausted a statement on Friday confirming that McFarland had been arrested for supposedly victimizing investors of millions of dollars.
“As alleged, William McFarland promised their own lives changing’ music festival but in actuality delivered a catastrophe. McFarland allegedly presented phony the documentation to induce investors to put over a million dollars into his company and the fiasco called the Fyre Festival. Thanks to the investigative the initiatives of the FBI, McFarland will now have to answer for his crimes.”
The Fyre Festival was a disaster from the beginning, leaving the thousands of young people stranded on an island in the Bahamas with little nutrient, ocean, or shelter, but it’s potential investors area that’s went McFarland in HUGE hardship here.
See, when he was trying to get beings to invest in his idea, he allegedly told a few cases potential investors that his fellowship was worth WAY more than it actually was — to the point where he eventually got them was put forward by $1.2 million for the celebration on the basis of the( false) assertion that Fyre was stimulating millions of dollars in revenue.
In reality, his firm had induced only $60,000 over the previous twelve months.
Even more damaging, more, McFarland shows to have doctored a brokerage statement to show he owned more than $2.5 million in Facebook stock when, in reality, he owned only $1,400 worth of shares.
And STILL worse for the poor bastard, his legal team — Hughes, Hubbard& Reed LLP — announced here Wednesday that they no longer wanted to be representing him, either.
The shit affects the fan…
Then again, look back at this absurd promo video — we still can’t believe this ridiculous shit is endeavouring to deceive anybody( below ):
You’re in big trouble now, Billy McFarland — and it sounds like you deserve every damn fragment of it!
What do U see, Perezcious readers ?! Make us know in specific comments( below )!!!
[ Image via Twitter .]