How Fyre Festival Burned Through $26 Million in Cash

ISSUE 3 2019 - DO NOT REUSE!!!
p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Lucida Grande'; color: #000000} Emmanuel VALENTIN/Gamma-Rapho via Getty Images
Island of Bahamas.

Nearly two years after Fyre Festival went up in flames, attorney Gregory Messer is still trying to piece together how Billy McFarland spent the $26 million he raised to fund the disastrous event.

A New York judge appointed Messer to serve as a trustee in the bankruptcy and has issued subpoenas to dozens of talent agencies, supermodels and influencers like Kendall Jenner who were paid hundreds of thousands of dollars for promoting the 2017 festival in the Bahamas.

So far, Messer has accounted for $11.4 million in wire transfers, saying McFarland kept no financial records and did not cooperate before starting his six-year prison sentence in 2018.

Here are some of the big-ticket items from Messer’s inquiry -- from models and cruise ships to booze and more.


THE BILLBOARD BIZ
SUBSCRIBER EXPERIENCE

The Biz premium subscriber content has moved to Billboard.com/business.


To simplify subscriber access, we have temporarily disabled the password requirement.