Introduction William Z. “Billy” McFarland is an American convicted fraudster and former entrepreneur, who co-founded the ill-fated Fyre Festival. He defrauded investors of $27.4 million by marketing and selling tickets to the festival and other events. In 2013, McFarland founded Magnises, a company that marketed an invitation-only charge card, using $1.5 million of investor funding. […]
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