July 25, 2018 BY Valentina Kirilova
SEC charges failed Fyre Festival founder with $27.4M offering fraud
The Securities and Exchange Commission (SEC) has just announced that New York entrepreneur William Z. (Billy) McFarland, two companies he founded, a former senior executive, and a former contractor agreed to settle charges arising out of an extensive, multi-year offering fraud that raised at least $27.4 million from over 100 investors. The SEC’s complaint alleges…
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