Fyre Festival Promoter Pleads Guilty After Bahamas Fiasco

• Millennial entrepreneur admits guilt to fraud allegations

• Billy McFarland may get up to 10 years in a federal prison

The millennial entrepreneur whose 2017 Fyre Festival began with promises of music and luxury in the Bahamas and descended into a chaos of badly constructed tents, cold cheese sandwiches and a lack of sufficient bathrooms may soon find himself in the no-frills accommodations of a federal prison.

Billy McFarland, 26, told a judge on Tuesday that he “grossly underestimated the resources that would be necessary to hold an event of this magnitude.” McFarland may spend a decade in prison after ...