'I need to apologize. And that is the first and the last thing that needs to be done. I let people down. I let down employees. I let down their families. I let down investors. So I need to apologize. I'm wrong and it's bad.'
In this July 1, 2017, file photo, William 'Billy' McFarland, organizer of the Fyre Festival, exits the U.S. Federal Court in New York, following his presentment on wire fraud charges.Billy McFarland, the convicted founder behind 2017's Fyre Festival, which rocked social media, is apologizing for his role in controversial music festival
In this March 6, 2018, file photo, Billy McFarland, the promoter of the failed Fyre Festival in the Bahamas, leaves federal court after pleading guilty to wire fraud charges in New York.McFarland pleaded guilty to two counts of wire fraud in federal court in 2018, and admitted to using fake documents to attract investors, who put more than $26 million into his company, Fyre Media, the host of the Fyre Festival.
"I was wrong. I messed up. And I was so driven by this desperate desire to prove people right … I think I was just so insecure that I thought the only way to prove myself to them was to succeed," he said. "That led me down just this terrible path of bad decisions.""I started lying to get the money and I would literally wake up every day to a document that we called, 'Urgent Payment Sheet.
As chaos quickly ensued on the island and the event's failure went viral on social media, Fyre Festival co-founders McFarland and rapper Ja Rule were forced to cancel the event., writing, "I’m heartbroken at this moment. My partners and I wanted this to be an amazing event. It was NOT A SCAM ... I truly apologize as this is NOT MY FAULT... but I’m taking responsibility. I’m deeply sorry to everyone who was inconvenienced by this.
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