Mark Lennihan | AP
Billy McFarland, the promoter of the failed Fyre Festival inside the Bahamas, leaves federal court after pleading guilty to wire fraud charges, Tuesday, March 6, 2018, in completely new York.
Billy McFarland, who got in trouble last year for duping people into buying tickets to a fake concert inside the Bahamas, will be in trouble again.
as well as This particular time, a judge will be keeping a close eye on him.
McFarland, a completely new Jersey native, was arrested last week as well as charged with earning $100,000 by selling fake tickets to exclusive fashion, music as well as sporting events such as the Met Gala, Grammys, Burning Man as well as Coachella.
Manhattan federal judge Naomi Reice Buchwald ordered McFarland be detained after prosecutors said they have evidence of which he may have also committed bank fraud as well as identity theft while out on bail.
Buchwald also said the additional charges make him a flight risk.
“I do think of which with the completely new charges combined with the forthcoming sentencing, there’s a serious risk of flight as well as a danger in a non-violent sense to the community,” said Buchwald (h/t The completely new York Post).
The judge also asked McFarland to remove his eyeglasses during a Monday court appearance over fears of which he was trying to sneak something into the court room.
McFarland, 26, has been charged with one count of wire fraud as well as one count of money laundering. He faces a maximum of 40 years in prison if convicted.
McFarland’s Fyre Festival LLC was busted for charging guests as much as $250,000 per ticket as well as not delivering on any of the amenities the item promised, including working bathrooms.
His different venture, Magnises, was touted as a “black-card membership” service for millennials. According to Fortune as well as Bloomberg, the so-called elite membership community collapsed following the Fyre fiasco.
The service cost $250 per year, required members to carry black cards, as well as promised entry to exclusive celebrity events, concerts as well as swanky clubs. The company, based in Manhattan’s West Village, raised more than $3 million in venture capital.
More via completely new York Business Journal:
Fyre Festival founder arrested (again) on fraud charges
Fyre Festival founder’s legal woes cause his N.Y.C. startup to collapse
Organizer of Brooklyn Pizza fest pledges to refund money after investigation