Ticketholders for the “Fyre Festival” will receive a measly four cents on the dollar in refunds.
In 2017, entrepreneur Billy McFarland and rapper Ja Rule drew 5,000 people to a remote island in the Bahamas by promising a luxury music festival experience. In return for their tickets — some of which sold for up to $100,000 — fans received cold cheese sandwiches and rain-soaked mattresses in dilapidated FEMA tents.
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