Fyre Festival organizer Billy McFarland pleaded not responsible to fraud expenses over the Bahamian music occasion that went viral this spring when ticket holders provided real-time social-media protection of its disastrous collapse.
McFarland appeared in Manhattan federal court docket Monday morning the place he waived his proper to be charged by way of an indictment introduced by a grand jury; as a substitute, he agreed to transfer ahead dealing with expenses of wire fraud and making false statements to a financial institution that had been introduced by prosecutors in a doc generally known as an “information.”
That doubtless indicators a plea deal is within the works.
The 25-year-old was arrested in June on expenses that he defrauded traders who poured $1.2 million into two firms related to April’s ill-fated competition. Authorities stated McFarland offered false paperwork inflating Fyre’s income.
Read the total story on LATimes.com.