Billy McFarland, who helped put together the fraudulent week long luxury music festival in the Bahamas that scammed thousands of millennials, allegedly convinced an investor his company made $44 million in a month.
According to a criminal complaint filed against him regarding Fyre Festival, McFarland, who was trying to sell his Fyre Media app, told the unnamed investor that, “since launching in May 2016, thousands of offers representing tens of millions of dollars of performances and appearances have been made and accepted with Fyre.”
In reality, a mere sixty acts had been booked using his app, representing revenue of $57,443 in total, and a mere $44 for the month of May, which the investor took to mean $44 million.
When asked for proof of his claim, McFarland, who is out on bail of $300,000 after being jailed for fraud Friday, produced a doctored spreadsheet that supported his numbers.
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