In July of that year, McFarland was arrested and charged over his alleged “connection with a scheme to defraud investors,” with his company Fyre Media LLC, prosecutors said at the time, and “a related entity responsible for organizing a music festival.”
In March 2018, he pled guilty to two counts of wire fraud in federal court, resulting in a six-year sentence. According to NBC News McFarland admitted that he had made mistakes during the sentencing process and that he did not follow the lessons my family taught me.