By now you’ve probably heard about how the rapper Ja Rule and a 25-year-old entrepreneur named Billy McFarland created a music festival in the Bahamas, which, due to poor planning and management, flopped spectacularly.
After failing to deliver on their promise of luxury accommodations, gourmet food and performances by artists such as Blink 182 and Major Lazer, McFarland and Ja Rule are facing more than a dozen lawsuits.
Now the New York Times reports that the FBI is investigating the Festival over several cases of possible fraud.
Melena Ryzik is a reporter for the New York Times and one of the co-authors of the recent story. When she spoke with The Frame, she explained what is known so far about the FBI investigation.
The investigation is in the early stages. We don’t know exactly what triggered it, but it’s probably safe to say that the Fyre Festival and all of the reports of unhappy customers had something to do with it. They’re being investigated for several different types of fraud: Wire fraud, mail fraud. It could be a pretty expansive investigation.