Was Fyre Festival a Ponzi Scheme? Lawsuit Says Organizers Knew It Was Fraud
Fyre Festival wasn’t just a disaster, it was a total fraud that organizers knew for weeks would end in a “post apocalyptic nightmare” — but went ahead in hopes of a big payday, according to the latest legal filing against the creators of the event. An amended lawsuit, filed Monday in federal court in California and acquired by Mashable (below), goes so far as to liken Fyre to a “Ponzi scheme.” …