After pleading guilty to two counts of wire fraud in 2018, Billy McFarland was given a six years in federal prison for his crimes. However after being incarcerated for nearly four years, the former Fyre Media CEO was given an early release in March, per TMZ. While the results of the disastrous Fyre Festival would scare any entrepreneur from taking on another festival, McFarland has shown no signs of giving up on his dreams. During a recent interview with Piers Morgan, the former Magnises founder revealed that he’s already planning another large scale event called PYRT (pronounced Pirate).
When asked why people should trust him and his new venture, McFarland said, “In my mind, there’s two ways to look at this, and I think that one option is to essentially crawl in a hole and die of remorse, and I think that’s something a lot of people want,” he explained. “But then how does everybody get paid? For me, I need to find pride in my life by at least trying to right my wrongs and make it up to everybody that I hurt.”
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Prior to his interview with Morgan, McFarland opened up about his new PYRT festival while on the “Full Send” podcast’s December 1 episode. “PYRT is all about taking people to places that they think are impossible,” the businessman explained. McFarland also added that the event will include a lucrative treasure hunt of 99 glass bottles — which feature luxurious prizes.
