Fyre Festival promoter Billy McFarland has plead guilty to wire fraud.

Billboard writes:

Following an FBI investigation into the disastrous Bahaman music festival, McFarland was arrested last June and then pled not guilty to charges of wire fraud and making false statements to a bank in October. When McFarland waived the indictment then, it meant that a grand jury would not be convened and it was likely a plea deal would be sought even though the case was moving forward to trial. Now, on Tuesday (March 6), a spokesperson at the United States Attorney’s Office for the Southern District of New York told Billboard that McFarland had accepted a plea deal.

“As he admitted today, William McFarland tendered fake documents to induce investors and a ticket vendor to put more than $26 million into his company and the disastrous Fyre Festival,” said U.S. Attorney Geoffrey S. Berman in a statement.

You can read more here.

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