However, it appears Fyre Festival wasn't the only criminal enterprise McFarland was operating.
McFarland used a spreadsheet identifying the Fyre Festival attendees with the highest salaries, the feds said. He's since been ordered to cough up $26M and he's now awaiting his sentencing.
Billy McFarland was arrested on Tuesday on charges that he conducted a sham ticket scheme, selling fraudulent tickets to fashion, music and sporting events.
McFarland pleaded guilty to wire fraud charges in March in a deal that called for him to serve between eight and 10 years in prison, although he has requested leniency with no incarceration. Sweeney says McFarland sold upwards to almost $100K worth of fraudulent tickets for a variety of events.
Prosecutors said over 15 victims had been bilked since late past year of more than $100,000 as McFarland and his workers sold non-existent tickets to the 2018 Met Gala, Burning Man 2018, Coachella 2018, the 2018 Grammy Awards, Super Bowl LII and a Cleveland Cavaliers game that would include a team dinner with Lebron James.
McFarland pleaded guilty in connection to the Fyre Festival fiasco on March 6 to one count of wire fraud after defrauding over 80 investors out of $24 million, and another count of wire fraud for lying to the company selling tickets, which took over $2 million in losses, according to the Southern District of NY. "Today's charges depict our intolerance for such fraudulent activity, and we will continue to diligently investigate acts such as this".
For the ticket scam, McFarland now faces a new count of wire fraud and one count of money laundering.