Fyre Fest’s Billy McFarland Reveals Plans To Pay Back $26 Million In Restitution
Written by B87FM on September 14, 2022
After spending virtually four years behind bars, Billy McFarland is a free man. The Fyre Pageant icon has gone down in popular culture historical past for his failed pageant, in addition to the courtroom circumstances that developed due to it. McFarland was accused of defrauding buyers into the hundreds of thousands, and part of his judgment was to repay his victims $26 million.
With a restitution quantity that top, questions have risen relating to what McFarland will do now that he has been launched from jail. The New York Instances not too long ago sat down for an expansive piece with McFarland and through their chat, he hinted that he had his eyes on the tech world as soon as once more.
Previous to his Fyre Fest fame, McFarland operated a couple of technology-based corporations and that appears to be the place he thrives—minus that multi-million-dollar hiccup on the Caribbean islands.
“I’d love to do one thing tech-based,” mentioned McFarland. “The great factor with tech is that individuals are so forward-thinking, and so they’re extra apt at taking danger. If I labored in finance, I feel it will be more durable to get again. Tech is extra open. And the best way I failed is completely mistaken, however in a sure sense, failure is OK in entrepreneurship.”
“On the finish of the day, I feel I might most likely create essentially the most worth by constructing some form of tech product,” he mentioned. “Whether or not that’s inside an organization or by beginning my very own firm, I’m open to each. I’ll most likely resolve within the subsequent couple of weeks which path to go do.”
He left readers with that enigmatic revelation and it is going to be attention-grabbing to see what he comes up with subsequent. Elsewhere, he addressed his crimes. “I lied. I feel I used to be scared. And the worry was letting down individuals who believed in me — displaying them they weren’t proper.”