The US Marshals announced Friday that they are holding an online auction for 126 lots of minor assets and merchandise from the fraudulent Festival Fyre, planned by William “Billy” McFarland, who is now in federal prison serving six years for fraud. .
The event was organized and marketed as the ultimate luxury travel, with promotional material including celebrities and models. Instead, the promised experience was never delivered and the acts reserved for the show eventually pulled back as they learned the festival was mismanaged.
The auction is being hosted online by Gaston & Sheehan, the US Marshals auctioneer. Registrations and calls for tenders are currently underway. The auction ends on August 13.
“These Fyre Festival branded clothing and other items that were seized from Billy McFarland were originally intended for sale at the Fyre Festival itself, but were retained by McFarland, with the intention of selling the items. and to use the funds to commit other criminal acts while he was on bail, ”said US Field Marshal Ralph Sozio of the Southern District of New York.
He added, “The proceeds from the sale of these items, all attributable to McFarland’s $ 26 million fraud, will go to the victims of his crimes.”
FYRE FESTIVAL FOUNDER BILLY MACFARLAND WORKING AT THE MEMORY PRISON
The former concert organizer has seen his botched music festival spawn documentaries from Netflix and Hulu. He would be working on a brief that will explain what happened.
The federal government has said McFarland now owes $ 26 million in restitution to more than 80 investors from Frye Media Inc., Frye Festival LLC and the Frye Festival ticket seller.
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McFarland is not expected to be released until 2023, according to the Federal Bureau of Prisons inmate locator.