Billy McFarland, the fraudster who introduced you Fyre Competition, has offered the rights to the model on eBay for $245,300. We don’t but know who the customer is or what they plan to do with such cursed IP.
Fyre Competition was a downright catastrophe. What was presupposed to be a luxurious music competition ended up stranding visitors on an island within the Bahamas. As a substitute of lavish villas and connoisseur meals, the competition’s clientele, which included rich millennial influencers, obtained flimsy tents and famously unappetizing cheese sandwiches.
McFarland was later convicted of economic crimes on account of his position within the competition, serving about three and a half years earlier than he was launched in 2022. However McFarland has not appeared to have discovered his lesson. He tried organizing a second Fyre Competition, which was presupposed to happen this summer time in Mexico with tickets ranging between $1,400 and $1.1 million.
The second Fyre Competition by no means occurred. Playa del Carmen, the Mexican metropolis the place McFarland stated the competition would happen, claimed that there had not been any record of planning for the occasion, which didn’t have a allow. McFarland denied this, however announced just a few weeks later that he would promote the Fyre Competition model.
“Since 2017, FYRE has dominated headlines, documentaries, and conversations as one of many world’s most talked-about music festivals,” McFarland wrote, failing to say that the competition garnered a lot consideration on account of its colossal failure. “There’s a clear path for operators and entrepreneurs with sturdy area experience to construct FYRE into a world drive in leisure, media, vogue, CPG, and extra.”
The eBay public sale says {that a} portion of the proceeds of the sale will go towards restitution — however McFarland owes $26 million, so this $245,300 sale isn’t going to make a lot of an affect.