A new lawsuit filed against the organizers of the disastrous Fyre Festival accuses them of staging “a massive Ponzi scheme.” New paperwork in a class-action lawsuit filed by LA lawyer Mark Geragos describes the festival as “a get rich quick scheme” and indicates that he is investigating “Seed Series” investors to find out if they were also defrauded or were in on the ruse. Page Six can reveal …
“We had no involvement in operating the business or the conception or execution of the Fyre Festival,” the spokesman said, adding they “unequivocally disavow the handling of the situation in the strongest possible terms.” The suit explains that “Seed Series” investors normally have active “roles, involvement and control over the new company,” saying they are under investigation and will be …
Before the now-infamous Fyre Festival collapsed a few weeks back, the company behind it—maker of a mobile phone app you can use to hire entertainers for your club, concert, or party—said it was worth $90 million, according to a document obtained by Bloomberg News. Fyre Media Inc. faces a half-dozen lawsuits from less-than-satisfied customers over the disastrous music event in the Bahamas. Now …
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.” …
The organizers of last weekend’s spectacularly bungled Fyre Fest are now offering refunds to people who paid way too much for tickets — even if those people have to fill out applications to get their money back — but that’s not enough for at least one of the ticket-buyers. As SPIN points out, the high-powered attorney Mark Geragos has filed a $100 million federal class action lawsuit on behalf …
The fallout from the disastrous Fyre Festival continued on Sunday (May 1) when attorney Mark Geragos (Chris Brown, Michael Jackson) filed a proposed $100 million class-action lawsuit against organizers on behalf of client Daniel Jung. The suit accuses organizers of fraud, citing the fest’s “lack of adequate food, water, shelter, and medical care created a dangerous and panicked situation among …