EXCLUSIVE: Fyre Festival Was A Ponzi Scheme

The Fyre Festival was actually an elaborate ponzi scheme by co-founders Billy McFarland and the recording artist Ja Rule says attorney Ben Meiselas of the Geragos firm in Los Angeles. He told me: “The amount of victims is incredibly numerous — exceeding 1000 people — who fell victim to what we’ve charitably described as a ponzi scheme.” Meiselas class action plaintiffs who are suing Fyre Media Inc. the concert and app promoter for $100,000,000 in lost ticket fees and damages.  "It was sold as this luxury festival." Meiselas explained, "attendees were told that this was a private island owned by Pablo Escobar."