In the five months since the spectacular collapse of the Fyre Festival, a multi-day music festival for well-heeled millennials in the Bahamas, its 26-year-old founder, Billy McFarland, has been hit with a dozen-odd civil lawsuits, charged with federal wire fraud, and had one of his companies, Fyre Festival LLC, placed in an involuntary bankruptcy. For now, he's still the CEO of Magnises, an all-but-defunct members-only concierge service.But new documents exclusively obtained by VICE News show he may still have further to fall. Credit card records show the two companies' fates became deeply entwined late last fall as McFarland used a Fyre Festival corporate credit card to pay for the discounted concert tickets Magnises offered as an exclusive benefit to its members.Continue reading on VICE News.
Advertisement