Fyre Media Under FBI Investigation for Fraud
The Fyre Festival plot continues to thicken. The company responsible for the event’s organization, Fyre Media, is now under investigation by the FBI for fraud. The FBI will specifically be examining the company for mail, wire, and securities fraud, the probe belonging to the “complex frauds and cybercrime unit” of the intelligence bureau.
The festival, slated to take place on a private island in the Bahamas recently made headlines for a phone conversation held between festival organizers, Ja Rule and Billy McFarland, and Fyre Media employees. Obtained by VICE, the phone conversation records McFarland informing employees that they would not be paid for their work amidst surprised reactions from staff members, responses that expose the depth and expanse of the organizers' longterm deception.
Fyre Media personnel are not the only people to who the festival is indebted; event coordinators, carpenters, and local restaurant owners are still owed by the festival for their work to help organize the failed event. Fyre currently owes the government $300,000+, leaving the festival’s owed mark around the $500,000 mark at a minimum.
More information on the investigation and the consequences for its organizers will slowly be released as the exploration of Fyre Media progresses.