The creepwalk continued this week as judges ordered massive penalties against imprisoned “Pharma Bro” Martin Shkreli and now it’s his fellow tabloid baby’s turn.
CNBC’s Christine Wang is reporting that Billy McFarland, the 26 year old lugheaded millennial behind last year’s disastrous Fyre Festival, pled guilty today to charges of misleading investors in the run-up to Fyre’s tropical meltdown.
Lest you think that running a fake festival is more lucrative than a real one, McFarland’s loot obviously didn’t come from ticket receipts, despite all that Instagram influencer juice from Bella Hadid and Emily Ratajkowski:
Under McFarland’s plea deal, prosecutors are seeking a sentence of 97 to 120 months, though a judge could always disregard it and sentence him to more.
— Trevor DeHaas (@trev4president) April 28, 2017