Good news for the organizers of the infamous Fyre Fest—the official merch that was meant to be sold at the fraudulent destination event will soon see the light of day!
On Monday, it was reported that Manhattan’s US Attorney’s Office ordered the auction of the event’s merchandise, with proceeds going to benefit the financial victims of the disastrous festival. As many music fans know by now, the posh event never lived up to what its organizers had promised in that ridiculous promotional advertisement. Instead, it resulted in a $100 Million class action lawsuit and Fyre founder Billy McFarland pleading guilty to two counts of wire fraud.
According to the report, festival merch including Fyre-branded t-shirts, hats, and shorts will be sold online by the U.S. Marshals to anyone foolish enough to get some attention, in hopes of paying off the $26 million which McFarland owes to his financial victims. The fraudulent scam included investors being lied to and robbed of $24M, while the vendor used to sell tickets to the event was also scammed out of $2M.
“We have an assortment of the ‘real thing’ Fyre Festival-branded tee-shirts, sweatpants, sweatshirts, hats, wristbands and medallions,” a United States Marshals Service spokesman for their Manhattan office confirmed in a statement to go with the report. “We know that there is tremendous interest in these items in the NY metro area in particular.”
Interest in the disastrous Fyre Festival surged earlier this year following the release of a pair of documentaries about the bizarre saga by Netflix and Hulu, respectively.
According to a court filing, McFarland has roughly $240,000 in his personal bank account, in addition to “two large boxes containing Fyre-branded T-shirts, sweatshirts, shorts and other clothing items that were intended for sale at the Fyre Festival.” Those assets, to which the court now has access, should begin to pay off the incredibly large sum of money which McFarland owes. A separate bank account owned by McFarland was also discovered by authorities, but the total amount of money in the said account has not been disclosed.
The date of the online auction has yet to be announced as of Tuesday morning, and photos of the merchandise have yet to be released.