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The founder of the doomed Fyre Festival reportedly drives a $110,000 Maserati and rents a $21,000-a-month penthouse

Billy McFarland

Billy McFarland, cofounder of the Fyre Media startup and its disastrous Fyre Festival, was arrested by federal authorities on wire fraud charges June 30.

He was released July 1 on $300,000 bail, but not before aspects of his lifestyle were revealed in a hearing.

According to the New York Times, it was revealed that McFarland is making payments on a Maserati with a suggested retail price of $110,000 and is renting a Manhattan penthouse apartment for $21,000 a month.

He is currently being represented by a public defender. At the time of his arrest, he had $5,000 cash on read more >>>

Source : BusinessInsider.Com

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