The shitshow that was Fyre Festival continues to let off a mighty stink, as more details emerge on how its founder Billy McFarland deceived investors with fake assets and dream artist relationships that didn’t exist.
A pair of documentaries currently doing the rounds on Netflix and Hulu go deep into McFarland’s incompetence and dodgy dealings, which, ultimately, landed him a lengthy stint in jail. But wait, there’s more. A new report published in the U.K. reveals how he cooked his numbers and conned investors to the tune of $26 million with forged documents.
The Daily Mail obtained this paperwork. And it’s pure dynamite.
According to revenue projection sheets, McFarland lied to investors about booking private events through his Fyre app for the likes of J. Cole, Future, Big Sean, A$AP Rocky, 2 Chainz, Rae Sremmurd, Jennifer Lopez, the Foo Fighters, and Selena Gomez, and others.
McFarland asserted his company would rake in 10 percent of the income generated from these bogus events, including whopping – and totally fictional sums – from Drake, Kendrick Lamar and Chance the Rapper, based on their annual live earnings.
If you’ve not read-up or seen the Netflix doco, the Fyre app is key to this bizarre tale. An extension of McFarland’s Fyre Media, the app was designed as a one-stop for deep-pocketed folks to hire artists and celebrities for their private parties. It just might have worked.