The Clerk for the Federal District Court in the Southern District of New York has entered a Certificate of Default against Billy McFarland in the $100 MILLION DOLLAR Fyre Festival Class Action brought by defrauded ticket-holders, according to court documents EXCLUSIVELY obtained by Meidas Touch.
The Fyre Festival claimed to be a once-in-a-life-time, first-class, immersive music festival and culinary experience in the Bahamas scheduled for late April and May 2017. However, as it turned out, the festival was a giant ponzi scheme led by Billy McFarland. People arrived on the Island to FEMA tents and cheese sandwiches and no music. The infamous disaster spawned successful HULU and Netflix documentaries, a multi-year Federal prison sentence for Billy McFarland which he is still serving for the financial fraud surrounding Fyre, and drew comparisons with how the White House conducts daily operations.
Ben Meiselas of Geragos & Geragos, APC commented, “We are pleased the Court entered a default against Billy McFarland. We will ensure Billy is held accountable financially to the class members for the rest of his life.”
A Certificate of Default Notice is the first step of the Court entering a final Default Judgment. Now that the Certificate of Default has been entered, Meiselas and his team will next have to file a Motion for Default and Class Certification. Stay tuned!