Fyre Festival disaster – has opened up about his plans to pay off $26million (£22.7million) in restitution owed to those he defrauded.McFarland was profiled by The New York Times this week, having completed his stint on house arrest earlier this month.
It comes after he was moved from prison to a halfway house in March, being released from his six-year federal prison sentence more than two years early (he was formally sentenced in October of 2018).
In the piece, McFarland details his wish to make a comeback as an entrepreneur, telling the Times that he’d “like to do something tech-based”.Addressing his fraught reputation in the wake of the Fyre Festival – the events of which infamously transpired in April and May of 2017 – McFarland said: “The good thing with tech is that people are so forward-thinking, and they’re more apt at taking risk.
If I worked in finance, I think it would be harder to get back. Tech is more open. And the way I failed is totally wrong, but in a certain sense, failure is OK in entrepreneurship.”By the terms of his plea deal, McFarland is permanently barred from working in the role of a director for a public company.
Read more on nme.com
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