Billy McFarland is going away after pleading guilty to wire fraud.
The charges were based on funds he received from the festival’s investors, raising over $1 million from the doomed event. Today, he faced a judge as he was sentenced to spend the next six years in prison, also agreeing to forfeit more than $26 million in connection with the fraud, according to TMZ. We’re still waiting for the outcome of the $100 million lawsuit filed against McFarland and Ja Rule, who helped organize the festival, about how they allegedly warned celebrities not to attend, knowing full well that it would be a terrible experience.
It looks like the chapter has finally closed in the saga known as Fyre Festival.