The Fyre Festival documentaries on Netflix and Hulu have delivered to gentle a fantastic deal data surrounding the catastrophe occasion. Still, many questions stay — particularly in the case of the insane quantity cash spent on promotion.
Festival organizer and convicted fraudster Billy McFarland reportedly raised $26 million from traders and paid out a complete $11.three million. In an effort to higher perceive the place the cash went, there’s an intensive investigation underway.
It’s possible that the companies which represented excessive prile promotion fashions might quickly have to surrender transaction particulars. A subpoena is predicted for IMG Models, the company Bella Hadid and Hailey Bieber. Also, for Kendall Jenner in relation to a whopping $250,000 cost.
These fashions took half within the social media marketing campaign that instigated insane hype for the “Greatest Party that Never Happened.” It’s believed their influencer standing led to the preliminary success and intrigue behind the identify Fyre.
Jerry Media, the web company backing Fyre competition, in addition to monetary consultants, traders, and others that obtained cost face subpoenas within the investigation.
Artists together with Soulja Boy and Waka Flocka Flame might doubtlessly be subpoenaed.
Needless to remain, there’s nonetheless loads to be uncovered surrounding the rise and fall Fyre Festival. Stay tuned for extra data as this investigation unfolds.
Source: Billboard