The 277 ticket holders of the failed Fyre Festival will receive $7,220 each as part of a lawsuit settlement.
The 2017 failed music festival has been the topic of two documentaries and intense scrutiny for the false advertising and scamming of unsuspecting concert-goers. Guests were lured in by the promise of seeing musical acts such as Tyga, Lil Yachty, and Pusha T at a luxurious musical event in the Bahamas. However, upon their arrival, it was painfully evident that the festival was nothing more than disaster tents set up on the rough ground with no artists in sight. Attendees spent anywhere between $1,000 and $12,000 on tickets. The festival was canceled on its opening day.
Organizer Billy McFarland pleaded guilty to fraud charges related to the failed fest. He was sentenced to six years in prison in October 2018. His business partner and endorser, Ja Rule, was cleared of any wrongdoing the following year.
Despite the scheduled $7,220 payouts, multiple creditors are owed money, which could hinder ticket holders from receiving the total amount.
McFarland’s attorney, Ben Meiselas, told Variety that there would be “monetary relief in some form or fashion pending approval” even if it is not the entire $7,200.
The court hearing to officially approve the settlement is set for May 13th.
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