Hacker News new | ask | show | jobs
by danso 1291 days ago
That's a great data point, especially because it reaffirms (at least for me, personally) how easy it is to lose track of even recent infamous history.

Just skimming the Wikipedia entry, so maybe I'm missing something, but wasn't McFarland arrested 2 months after Fyre? This May 2017 [0] article, about a month after, describes McFarland still running his company as the first civil lawsuits are filed. This June 30 article [1] is about his arrest. It sounded like the civil suits against McFarland helped push along the wire fraud charge; AFAIK, SBF is named in a couple of investor suits so far, so it'll be interesting what things look like next month.

[0] https://www.nytimes.com/2017/05/21/arts/music/fyre-festival-...

[1] https://www.nytimes.com/2017/06/30/arts/music/billy-mcfarlan...

1 comments

If you read the indictment, they also had McFarland dead-to-rights: two investors and an employee cooperated to demonstrate specific instances where McFarland knowingly misrepresented basic facts, including forged ScottTrade statements, to get investment for the festival.
McFarland had an investor call him and asked for a percentage of his investment back or things would be over of McFarland. It’s believed this investor turned him in.