Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Festival organiser pleads guilty to fraud as trustee begins examinations in Chapter 7 case

By Jessica McKay

08 March 2018

Festival organiser pleads guilty to fraud as trustee begins examinations in Chapter 7 case

Ja Rule Wikimedia Commons/Digo 015

The organiser of “disastrous” Bahamian music festival Fyre Festival has pleaded guilty to defrauding investors and a ticket vendor, seven months after the company that promoted the event was placed into Chapter 7 bankruptcy following pressure from disgruntled lenders.