McFarland, 30, was transferred into “neighborhood confinement” in New York on March 30, the Federal Bureau of Prisons confirmed to USA TODAY.
He’s anticipated to stay there by August, the company stated, crediting The First Step Act Launch for his early launch.
The regulation “permits inmates to earn elevated good conduct time,” and “expands alternatives for inmate placement into residential reentry facilities or residence confinement.”
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McFarland’s lawyer Jason Russo advised USA TODAY the entrepreneur is “serving the rest of his time in a midway home within the New York Metropolis space” and “it’s anticipated that he can be there for roughly six months.”
Russo additionally stated that the Fyre Competition organizer is “placing collectively a group to prepare and plan for initiatives that may permit him to generate the restitution for all these affected.”
“That is his sole focus and precedence at the moment,” Russo stated.
McFarland was sentenced to six years in prison in October 2018 and can perform three and a half years of the sentence. It’s unclear if his early launch can be adopted by probation.
The entrepreneur acknowledged he defrauded buyers of $26 million within the 2017 Fyre Competition and over $100,000 in a fraudulent ticket-selling scheme after his arrest within the rip-off.
The pageant, billed as an ultra-luxurious occasion and “the cultural expertise of the last decade,” was speculated to happen over two spring 2017 weekends on the Bahamian island of Exuma. Fashions and celebrities like Kendall Jenner, Bella Hadid and Emily Ratajkowski had promoted it on social media.
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Prospects, who paid $1,200 to over $100,000 hoping to see Blink-182 and the hip-hop act Migos, arrived to be taught musical acts have been canceled. Their luxurious lodging and gourmand meals consisted of leaky white tents and packaged meals, prompting attendees to lash out on social media with the hashtag #fyrefraud.
The scandal was amplified after Netflix documentary “Fyre: The Greatest Party that Never Happened” and Hulu’s “Fyre Fraud” aired in 2019.
In August 2020, the U.S. Marshals introduced that 126 items from the festival would be auctioned off, with proceeds going towards the victims of McFarland.
“This Fyre Competition-branded clothes and different objects that have been seized from Billy McFarland have been initially meant to be offered on the Fyre Competition itself however have been saved by McFarland, with the intent to promote the objects and use the funds to commit additional legal acts whereas he was on pre-trial launch,” U.S. Marshal Ralph Sozio of the Southern District of New York stated in a launch on the time.
Contributing: The Related Press