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Billy McFarland is a scammer entrepreneur best known as the CEO of Spling, Magnises, and Fyre Media. Billy McFarland gained fame as coordinator of the failed Fyre Festival, a performance held to promote the Fyre music booking app. He defrauded finances worth $27.4 million by advertising and offering passes to the party and other occasions.
Early life
Billy McFarland was born on December 11, 1991, in New York City, New York, United States of America. She later grew up in Millburn, New Jersey. As of 2024, she is 32 years old.
His real name is William Z. McFarland. His father’s name is Steven McFarland and his mother’s name is Irene McFarland. He follows the Christian religion and belongs to the white Caucasian ethnicity. His zodiac sign is Sagittarius.
Talking about his education in 2010, graduated from the Pingry School. Later, he dropped out of Bucknell University. He used to study computer engineering.
Professional life
Billy McFarland founded a company that connects a customer with an online designer when he was just thirteen years old. After leaving university, he founded the online trading platform Spling, where he worked as CEO. Techcrunch described Spling as a content sharing organization, much like other different administrations that existed at the time.
In addition, it purchased the Magnises organization with $1.5 million in financing, with the goal of creating an elite “black card” with social benefits, such as club participation, aimed at millennials in some large cities.
He also founded Fyre Media Inc., the parent organization of the Fyre Festival. In a term sheet sent to its financial backers, Fyre Media claimed to be valued at $90 million, but the organization clearly brought in around $60,000 in business.
Subtitle: Billy Mcfarland and famous rapper Ja Rule, Fyre Festival partner (Sources: ABC)
He later founded the Fyre Festival, which was a luxury music festival in the Bahamas that also aimed to promote the Fyre music booking app. He expected to have a luxurious villa and meals, but was then provided with a tent and sandwiches.
The festival was later canceled due to mismanagement and poor performance issues. Subsequently investigated by US federal investigations and lawsuits. The controversy was later documented on Hulu published. Fire fraud and Netflix launched Fyre: the biggest party that never happened.
Billy Mcfarland – Net worth 2024
He has an estimated net worth of around negative $5 million. Their sources of income were their different organizations. He swindled nearly $27 million using the fake document to attract investors. Apart from that, there is no information about his other assets. However, he was detained and living in the FCI Elkton prison in Lisbon, Ohio. Furthermore, there are no major achievements yet.
Personal life
Billy McFarland is straight and not married yet. It is known that he was in a relationship with his girlfriend named Anastasia Eremenko. However, apart from that, there is no information about the current marital status of him and the past affairs of him.
Subtitle: Billy Mcfarland in jail (Sources: BON NEWS HAITI)
Controversy
Billy was involved in many controversies in terms of money fraud. He is notoriously known for his fraud at the Fyre Festival, tricking people by telling them about the luxurious villa and food, but then canceling the festival. Furthermore, famous rapper Ja Rule was also cheated by him.
After being released on bail, he was again involved in fraud by showing false documents to attract investors to invest $26 million in his company. He was later accused of selling fake tickets to the Met Gala, Burning Man and Coachella.
Actual state
He was sentenced to 6 years in federal prison on October 11, 2018. He is currently incarcerated at FCI Elkton in Lisbon, Ohio. In April 2020, he called for compassionate release from jail to avoid contracting the virus during the COVID-19 pandemic. As an asthmatic, he becomes vulnerable to the virus. However, his application was rejected the following month. In July 2020, he tested positive for COVID-19 at the facility.
Billy Mcfarland – Body Measurements
Billy is 6 feet 4 inches (1.94 m) tall and weighs around 196 pounds (89 kg). He has a bicep of 16 inches and a body measurement of around 42-32-37 inches. Furthermore, he has a pair of blue eyes with brown hair.
Caption: Billy Mcfarland captured outside (Sources: Just Jared)
Social media
He is not active on social networks like Facebook, Twitter, etc.
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Source: vcmp.edu.vn