(AllHipHop News) Billy McFarland, the founder of the Fyre Festival, is heading to prison for the next six years.
Billy McFarland apologized to investors in court today.
“The remorse I feel is crushing. I've lived every day with the weight of knowing that I literally destroyed the lives of my friends and family," Billy McFarland said.
The Fyre Festival, which was supposed to be a posh event in the Bahamas in April and May of 2016.
Tickets for the festival were sold for $1500-$250,000 to see stars like Lil Yachty, Blink 182 and a bunch of social media influencers.
Patrons who made it to the Bahamas encountered conditions some compared to "hell."
Meanwhile, McFarland blew investors' money on a yacht ( $470,000), carpet ($260,000), towels ($18,208) and other unapproved expenses.
McFarland and co-promoter Ja Rule decided to scrap the event, which resulted in hundreds of millions of dollars worth of lawsuits, against both Billy McFarland, Ja Rule, and The Fyre Festival.