Ticket holders for the infamous Fyre Festival were awarded close to $ 2 million as part of a class action lawsuit, according to a report from Billboards. Each of the 277 attendees will be rewarded with $ 7,220 as part of the suit.
The 2017 Fyre Festival event in the Bahamas was organized by Billy McFarland and rapper Ja Rule, but ultimately failed and never took place. McFarland later pleaded guilty to one electric fraud and the second to fool a ticket supplier – he was still jailed.
Ben Meiselas, partner at Geragos & Geragos and lead attorney for the lawsuit representing ticket holders, said: “It is a small but significant step for ticket holders who are their fraud and their lives were ruined by the fraudulent conduct of ticket holders, told Billboard.
At this point, it is still unclear who will pay the payments.
Two popular documentaries about the failed festival debut on Hulu and Netflix
respectively in 2019.
Fyre festival has been covered recently because a popular tweet about the festival’s food will be auctioned off as an NFT.
An NFT is a verifiable digital asset confirmed by blockchain technology. NFT cannot be exchanged as currency, because each type is unique and cannot be copied. NFT uses blockchain, the technology ledger that supports cryptocurrencies like bitcoin
An associated information database to record ownership or transactions of a product.
The owner of the food tweet, Trevor Dehaas, hopes to use the money from his NFT sale to do the necessary kidney transplant procedure, according to his Twitter.