William Parcher
Show me the monkey!
- Joined
- Jul 26, 2005
- Messages
- 27,665
What Fyre Media actually does is makes an app. Founded in 2015 by musician Ja Rule—real name: Jeffrey Atkins—and his business partner Billy McFarland, Fyre held the festival as a side project to hype its brand and the app. That primary product is an electronic platform to book talent for concerts, clubs, or parties.
Reading some other articles, it appears that the organizers had created an app that was supposed to be used by Yuppies to book bands:
Apparently you need an app for everything these days.Why would one need an app for that?
Apparently you need an app for everything these days.
Sounds like they collected $12,000 average per ticket,
Why not?
Promoter has been arrested for ripping off investors as well as music lovers with his Festival on the isle of Eczema
http://www.abc.net.au/news/2017-07-01/fyre-festival-promoter-arrested-on-fraud-charge/8670248
Billy McFarland, the 26-year-old brains behind Fyre Festival, the Bahamian music festival billed as the “cultural experience of the decade” that ended before it began last April, pleaded guilty to two counts of wire fraud on Tuesday, the Associated Press reports. He faces up to a decade in prison.
Well, that puts a bit of a smile on my face, I must admit.
From the article:
“I grossly underestimated the resources that would be necessary to hold an event of this magnitude,” he said.
And:
“In an attempt to raise what I thought were needed funds, I lied to investors about various aspects of Fyre Media and my personal finances. Those lies included false documents and information.”
Using other people's money to finance your own get rich quick scheme always seems like such a brilliant idea on paper.