Celeb Gossips

Billy McFarland, Fyre Festival Founder, Connives With Ja Rule To Defraud Investors

Billy McFarland, the Fyre Festival founder was on Friday arrested by federal agents over charges of wire fraud. Some four months back, he connived with his team, and according to some trusted sources his business partner Ja Rule was a part of the deal.

A large number of people had booked their places in the event. They looked forward to an ultra-luxurious music festival. They had been promised that it would take place on a private island in the Bahamas. Some of the most exciting things they hoped to find were gourmet catering and supermodels doing what they do best! The tickets went as far way up to $250,000.All persons that had made the bookings were treated to some rude shock when their dreams turned out to be a disorganized failure.

According to some trusted sources, the expected day finally arrived and ticket holders moved to the secluded island. That was on late April and it was so frustrating when all they had to meet was a construction site with half-built tents with inadequate water and the feral dogs.

The acting Manhattan U.S. attorney, Joon Kim while speaking to a number of top news reporters said that McFarland had made great promises to the ticket holders, to only disappoint them at the end with what the attorney termed a disaster.

A number of the Federal prosecutors have lately opened up in relation to the matter, with most of them firm believers that he gave investors fake documents The motive was to get them to invest more than a million dollars in his company and the festival, whereas at the back of his mind he knew it was a scheme to steal from them.

According to Huffingtonpost, the Wire fraud charges are usually associated with up to 20 years in jail. However, The New York Times has outlined that McFarland might be serving a shorter sentence after all.

The event co-founder, Ja Rule may also be facing charges considering that he connived with McFarland and the two went ahead to promote the festival citing that it was going to be a transformational music experience in paradise.