Billy Macfarland: Last News

EXCLUSIVE: Billy McFarland, the founder of the notorious Fyre Festival, is out of prison and starting his latest venture – returning to the Bahamas for a treasure hunt.

Fyre Festival disaster – has opened up about his plans to pay off $26million (£22.7million) in restitution owed to those he defrauded.McFarland was profiled by The New York Times this week, having completed his stint on house arrest earlier this month. It comes after he was moved from prison to a halfway house in March, being released from his six-year federal prison sentence more than two years early (he was formally sentenced in October of 2018).

Fyre Festival founder Billy McFarland has been released early from prison.McFarland was serving a six-year sentence after pleading guilty to multiple counts of fraud, including for the disastrous festival in the Bahamas in 2017.He spent six months of his sentence alone in solitary confinement after taking part in the recording of a podcast.According to TMZ, McFarland has now been released from the Milan Federal Correctional Institution in Milan, Michigan, where he was being held.He is now under the management of Residential Reentry Management New York – the administrative office overseeing halfway houses located in southern New York, eastern New York and New Jersey, according to The Hollywood Reporter.McFarland’s release date from the halfway house is currently set for August 30.Back in 2020, he requested an early release from his six-year prison sentence due to concerns over the coronavirus pandemic, but his request was turned down.McFarland’s release comes after Martin Shkreli, the disgraced “pharma bro” who famously bought Wu-Tang Clan‘s ‘Once Upon A Time In Shaolin’ for $2million (£1.4m), was also released early from prison. Shkreli was serving a seven-year sentence after being found guilty of securities fraud following claims he defrauded investors in former hedge funds in 2017.

ill-fated Fyre Festival, Billy McFarland, is no longer behind bars. The convicted fraudster was released on Wednesday, more than two years ahead of the end of his six-year sentence, according to multiplereports.McFarland was released into the care of a halfway house in New York City, where he is expected to reside until his release in August, NBC News reports.Jason Russo, McFarland's attorney, told NBC News that his client intends to «put together a team of good people for a solid plan to make amends and pay» what he owes in restitutions to those he defrauded.The Fyre Festival made headlines in April 2017 when hundreds of festival-goers — who paid up to $100,000 for tickets and were promised gourmet food and accommodations — were left stranded on the island after arriving to an unfinished site and a lack of food and staffing, which quickly turned into chaos.

UPDATE: The promoter behind the crash-and-burn Fyre Festival has been released from prison after serving less than four years for his role in the 2017 Caribbean concert disaster.

Thania Garcia Fyre Festival organizer Billy McFarland, the man behind the ill-famed, high-profile, fraudulent music festival, has been released from prison early.TMZ reported that the 30-year-old has been released but is not yet completely free, as he has been sitting in community confinement since March 30.It is unknown whether McFarland is in his personal home now or if he’s at a halfway house — an institute for people with criminal backgrounds to learn the skills needed to reintegrate into society.McFarland was expected to stay in prison through the end of August 2023 but his lawyers have been fighting for an early release since 2020. The producer of the calamitous 2017 Fyre Festival — which left hundreds of people stranded on an island without food, shelter and water — was originally sentenced to six years back in 2018.

Inventing Anna, the based on the viral New York magazine article about con woman Anna “Delvey” Sorokin, I thought, “That was fun. I’m sure other people will feel the same, because I understand such things.” After all, Hustlers, the 2019 movie based on another New York magazine feature (written by Jessica Pressler, who also covered Delvey) had been . And scammers like Elizabeth Holmes, Billy McFarland (the Fyre Fest guy, who is a minor character in the show), and the Operation Varsity Blues parents were all hot topics.

Wilson Chapman editorNetflix has ordered a docuseries about the recently arrested Ilya Lichtenstein and Heather Morgan, who are accused of running a large cryptocurrency laundering scheme, the streamer announced this Friday.As reported by the New York Times, Lichtenstein and Morgan were arrested on Feb. 8 for charges relating to a 2016 hack of the Bitcoin virtual currency exchange.

Jailed Fyre Festival organizer Billy McFarland is speaking about the ill-fated 2017 bash that led him to six years in federal prison for defrauding investors of $27.4 million.

Daily Mail, you can hear Billy saying: ‘This is inmate number 911860054, otherwise known as Billy McFarland, the founder of Fyre Festival.‘I’m not going to hide behind my mistakes, I’m going to share everything that happened.’  A post shared by Billy McFarland (@billy_mcfarland) on Oct 14, 2020 at 11:24am PDTThe podcast was recorded through a series of phone interviews from his prison cell where he’s serving a six year sentence for conning people out of millions and McFarland hopes it will help pay off his $26million restitution debt.The Fyre Festival ‘took place’ in 2017 on the Bahamian island of Exuma and was a complete disaster with the uproar leading to not one, but two documentaries that aired on Hulu and Netflix.McFarland wants to

The 'Fyre-side Chat' shows begin next month