‘s career appears to have ficially gone up in flames, the organizer pleading guilty to two counts wire fraud on Tuesday, March 6.
McFarland had originally to charges wire fraud and the admission false statements to a bank in early October. The Fyre Festival spearhead was arrested back in June 2017.
“As he admitted today, William McFarland tendered fake documents to induce investors and ticket vendors to put more than $26-million into his company and the disastrous Fyre Festival,” said U.S. Attorney Gefrey S. Berman in a statement following the entry McFarland’s guilty pleas.
McFarland will now await his sentencing, which is slated to take place in July. Each McFarland’s fraud charges bear a sentence up to 20 years in prison, thus subjecting McFarland to a total possible sentencing 40 years in prison.
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