Fyre Festival spent a massive amount of money on yacht for Blink-182, reports say

March 7, 2018

Ah, Fyre Festival. Yesterday, festival organizer Billy McFarland pleaded guilty to fraud, and now, some other details have emerged that shows some of his unreal spending.

One such outrageous purchase? A $160,000 yacht as a perk for headliner Blink-182, as Page Six reports.

Of course, the band never got to enjoy the yacht, though. The band pulled out of the festival, and luckily they did. Fyre did not only not deliver their promised luxurious accommodations, but they also didn't deliver basic necessities, such as adequate food, housing and electricity.

Matt Skiba later apologized to Blink-182 fans who may have traveled for the festival.

Yesterday, Fyre Festival organizer Billy McFarland pleaded guilty to two counts of wire fraud, which are connected to funds he got from investors. The first count alleged that McFarland “misrepresented” his company's financial health in order to secure investments and funds for the festival, and the second count is linked to his providing false income statements.

McFarland pleaded guilty to misleading investors, accepting “full responsibility for several serious mistakes he made” and acknowledging that he engaged in “fraudulent behavior.”

We bet that yacht would've been nice, though.

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