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Entertainment US Marshals put Fyre Festival merchandise up for auction

21:40  01 august  2020
21:40  01 august  2020 Source:   msn.com

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FILE - In this March 6, 2018 file photo, Billy McFarland, the promoter of the failed Fyre Festival in the Bahamas, leaves federal court after pleading guilty to wire fraud charges in New York. More than three years after the highly publicized Fyre Festival famously fizzled out in the Bahamas, merchandise and other © Provided by Associated Press FILE - In this March 6, 2018 file photo, Billy McFarland, the promoter of the failed Fyre Festival in the Bahamas, leaves federal court after pleading guilty to wire fraud charges in New York. More than three years after the highly publicized Fyre Festival famously fizzled out in the Bahamas, merchandise and other "minor assets" are available for purchase, courtesy the U.S. Marshals Service from Texas-based Gaston & Sheehan Auctioneers. (AP Photo/Mark Lennihan, File)

NEW YORK (AP) — More than three years after the highly publicized Fyre Festival famously fizzled out in the Bahamas, merchandise and other “minor assets” are up for sale — courtesy of the U.S. Marshals Service.

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In a release Thursday, the U.S. Marshals announced that 126 items from the festival will be auctioned off, with proceeds going toward the victims of Billy McFarland.

McFarland acknowledged defrauding investors of $26 million in the 2017 Fyre Festival and over $100,000 in a fraudulent ticket-selling scheme after his arrest in the scam. He was sentenced to six years in prison in October 2018. Now 28, he's serving his sentence at a low-security prison in Ohio, according to the Bureau of Prisons.

“This Fyre Festival-branded clothing and other items that were seized from Billy McFarland were originally intended to be sold at the Fyre Festival itself but were kept by McFarland, with the intent to sell the items and use the funds to commit further criminal acts while he was on pre-trial release,” U.S. Marshal Ralph Sozio of the Southern District of New York said in the release.

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The festival, billed as an ultra-luxurious event and “the cultural experience of the decade,” was supposed to take place over two spring 2017 weekends on the Bahamian island of Exuma. Models and celebrities like Kendall Jenner, Bella Hadid and Emily Ratajkowski had promoted it on social media.

Customers who paid $1,200 to over $100,000 hoping to see Blink-182 and the hip-hop act Migos arrived to learn musical acts were canceled. Their luxury accommodations and gourmet food consisted of leaky white tents and packaged food, prompting attendees to lash out on social media with the hashtag #fyrefraud.

Among the mementos of that festival are sweatpants, shirts and tokens emblazoned with “a conspiracy to change the entertainment world.” As of Saturday, the lots ranged from $10 — the minimum bid for sets of two wristbands — to $300 for a baseball cap bearing the festival logo that had received 20 bids since the auction opened Thursday. At 36 bids, the most popular lot was an aqua blue hoodie featuring the flag of the Bahamas on the back and sleeves patterned with the logo.

The auction, run by Texas-based Gaston & Sheehan, ends Aug. 13.

Why is it absolutely necessary to listen to the podcasts of the Vogue Fashion Festival this summer? .
© Jean Picon For four years, the Vogue Fashion Festival has established itself in Paris as a flagship event to take the pulse and anticipate the future of the world of fashion and luxury. With lectures, round tables, masterclasses and live interviews, this high mass open to the public has become an unmissable event for professionals and aficionados of the luxury industry.

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