According to reports, Billy McFarland, co-organizer of the failed music festival, Fyre Festival, admitted that he lied to investors about the festival in a recent interview. However, McFarland is blaming an impossible timeline for what eventually transpired.
“I think the biggest mistake before I went awry was just setting an unrealistic time frame for the festival,” said the 29-year-old. “Had we given ourselves a year or two and had I obviously not made the terrible decision to lie to my backers, I think we could have been in a bit better place, but regardless of the mistakes that I made or what made things go wrong,” he said.
“I knowingly lied to them to raise money for the festival. Yes. And that’s what the crime was. The crime was inexcusably lying about the status of the company to get the money I thought I needed for the festival.”
But McFarland said he still held onto the belief that they could pull off the festival. “I legitimately thought the festival was going to be executed,” he continued. “[There’s] no excuse, and I wish I could have just woken up one of those mornings in the beginning, and I just had stopped.”
McFarland is currently serving a six-year prison sentence at the Elkton Federal Correctional Institution in Lisbon, OH.
Source: nypost.com
