A former fellow inmate at a prison in Ohio says McFarland owes him $740,000.
Billy McFarland, the promoter of the failed Fyre Festival in the Bahamas, leaves federal court after pleading guilty to wire fraud charges on March 6, 2018 in New York City.
Notably, the $740,000 figure is $100,000 more than what Taylor had said he was owed last October, in emails between McFarland’s lawyer and Taylor’s lawyer that were obtained by. Taylor now says that the increase is the result of an investigation conducted by Taylor’s attorney, which found $100,000 in new charges using Taylor’s money since the men first began settlement talks in September 2022.
After McFarland was released from solitary confinement in April 2021, he sent the plan to Taylor, who transferred money to McFarland and Falb and gave McFarland access to debit cards and accounts., alleging that Taylor had misrepresented his criminal charges to McFarland when the men became friends in prison and alleged that McFarland had only recently learned about the true nature of Taylor’s crimes..
On Oct. 27, lawyers for McFarland offered to pay Taylor $1 million to buy out his equity interest in PYRT by making “payments in the amount of 5% of its gross revenues up to $1 million,” wrote McFarland attorneyTaylor rejected the offer and demanded the immediate repayment of what he then said was a $640,000 loan plus $5 million paid out over a two-year period, according to copies of email communications.
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