Fyre festival promoter pleads guilty to fraud, agreeing to up to decade in prison

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Billy McFarland, 26, apologizes to ‘investors, team, family and supporters who I let down’ with disastrous ‘luxury’ festival

The promoter of the failed Fyre festival in the Bahamas – once billed as the “cultural experience of the decade” – pleaded guilty to wire fraud charges Tuesday, agreeing to serve up to a decade in prison for lying to investors and sending false documents.

Billy McFarland, 26, entered the plea in Manhattan federal court in a deal with prosecutors that suggested he serve between eight and 10 years in prison.

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