McFarland allegedly began running the ticket scheme in late 2017 - just months after his June 2017 arrest for defrauding Fyre Media investors out of $24 million.
McFarland, 26, sold fake tickets to exclusive events, including the Met Gala and Coachella, for several months while he was awaiting sentencing for charges related to the Fyre Festival, according to the Federal Bureau of Investigation and U.S. Attorney's Office for the Southern District of NY. An attorney for McFarland did not immediately respond to Variety's request for comment.
Billy McFarland was rearrested Tuesday and charged with earning $100,000 by selling fake tickets to exclusive fashion, music and sporting events through NYC VIP Access, a company he controlled. He also said one of McFarland's colleagues, cooperating with prosecutors, was framing him.
Attendees at Fyre Festival in the Bahamas were promised a luxurious, private party, but instead found themselves eating bread and cheese sandwiches under a tent.
Brendan McDermid / Reuters Billy McFarland (left) sold almost $100,000 worth of fraudulent tickets in the several months since he's been free on bail, according to federal prosecutors.
"We vigorously contest what is in this complaint", his lawyer Randall Jackson told the judge.
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Greenberg said McFarland was living lavishly with monthlong stays in luxury hotels and excursions to expensive restaurants. Both carry sentences of up to 20 years in prison.
"The weight of the evidence here is quite strong", Greenberg said.
After that collapse, Fyre co-founder Billy McFarland was charged with wire fraud and intentionally making false statements to banks.
Earlier this year, he pleaded guilty to wire fraud as well as lying to investors.
"Mr. McFarland is a serial fraudster, plain and simple", Greenberg told Gorenstein.
For his latest scam, McFarland reportedly made $100,000 United States dollars selling these new bogus tickets through NYC VIP Access, a company he controlled.