Founder Billy McFarland was still pursuing business deals while out on bail, and Fyre Fest attendees are still getting offers.
The ruling came from a Manhattan court on Friday, March 9.
So obviously I thought of a bunch of other shit he could've spent the money on instead.
He responded in court on Monday to two counts of wire fraud and two counts of making false statements to a bank.
Billy McFarland allegedly made out that performers like Drake, Kendrick Lamar, and Chance the Rapper were generating income for his company.
The 25-year-old has been charged with wire fraud in connection with the festival. If convicted, he could face up to 20 years in prison.
If convicted, McFarland could face up to 20 years in jail.
More bad news for the failed event's organizers.