Fyre Festival Founder Sent To Prison For 6 Years Over Disastrous Event

What was supposed to be a dope event has ended in prison time for the founder of the Fyre Festival.

(AllHipHop News) Billy McFarland, the founder of the Fyre Festival, is heading to prison for the next six years.

Back in March, McFarland pled guilty to two counts of fraud in a scheme that bilked investors and would-be purchasers of tickets to the Fyre Festival, out of millions.

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.