Fyre Festival organizer freed on $300K bail

Billy McFarland, one of the organizers of the failed Fyre Festival, has been released from jail on a $300,000 bail after his Friday arrest on charges of wire fraud.

The New York Times reports that McFarland appeared before a magistrate judge in Manhattan on Saturday with a public defender.

RELATED: Pictures and firsthand accounts from Fyre Festival

Pictures and firsthand accounts from Fyre Festival
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Pictures and firsthand accounts from Fyre Festival
Newly surfaced emails show the Fyre Festival organizers were notified of urgent concerns weeks before the festival. https://t.co/ydbUTBbmNL
Here's the "culinary experience" we got for our artists pass at Fyre Festival. https://t.co/Kk9q9uvkX0
The dinner that @fyrefestival promised us was catered by Steven Starr is literally bread, cheese, and salad with dr… https://t.co/GjBxQygxV9
FBI to investigate Fyre Festival, report says https://t.co/cxBvmq9GwR https://t.co/xtOzfD7w8P
One of the kitchens at Fyre Festival. #fyre #fyrefest #fyrefestival https://t.co/gQIpwxrw6S
A view of the luxury food court with some luxury school bus transportation at Fyre Festival. #fyre #fyrefestival https://t.co/XL3PtRw8q0
These are the secure lockers at Fyre Fest. They forgot to tell us we needed locks. #fyrefestival #fyrefest https://t.co/Tqyjqbg2Gy
Food court so lit rn at Fyre Fest. #fyrefestival #fyre https://t.co/sxEX4OduTR
Luxury trash receptacles at the luxury bar (with no beer). No shoes, no shirt, pajama pants, no problem.… https://t.co/aBWohANKnb
The infrastructure was nonexistent, and the festival staff either a skeleton crew or MIA. https://t.co/8Gh6NevsFI
@FyreFraud Just a reminder of what "The Duo" was originally sold as https://t.co/gKz90zNBvu
UPDATE: they are having us sign papers for full refunds. They are just pieces of computer paper but I mean...refunds https://t.co/oNa8EIojl1
Internal emails appear to show there were many warning signs ahead of Fyre Festival. Billy McFarland & Ja Rule now… https://t.co/8nsRzaczKN
The line of ex Fyre Festers at the Exuma International Airport. Yes that's throw up. #fyre #fyrefestival https://t.co/jSZHg0F0Kn
Inside the Fyre Festival fiasco: the reporters who wrote our exposé tell their stories on Popcast https://t.co/fUvLFd97Dy
Here are a few pics of the luxury cuisine options. The food on the right was pretty good. #fyrefestival https://t.co/aJkxtypQND
The luxury stage was so lit. Sadly, there was no beer at the luxury bar. They didn't run out. They never had any to… https://t.co/gw6l49sPKo
Luggage pickup was great. They brought the bags in and guests got to unload them for fun. In the dark. It built cha… https://t.co/AaRS25p3JY
They finally opened the doors to let some air in. The guy is ok. #fyrefestival https://t.co/D7j5qtzsGi
Also, we found a notebook from one of the Fyre Fest planners on the ground. It is amazing. #fyrefestival #fyre https://t.co/jFib0nO2RW

Public defenders are usually "reserved for defendants with limited assets," says the Times. However, as the founder and CEO of Fyre Media, McFarland's assets are hardly limited. The Times says the 25-year-old executive lives in a swanky Manhattan penthouse apartment (priced at $21,000 a month) and drives a Maserati.

But McFarland's public defender, Sabrina P. Shroff, told the Times that her client's past lawyers "had not been paid enough to continue to represent him."

McFarland has been in trouble since the April implosion of his inaugural Fyre Festival. Rich patrons spent tens of thousands of dollars for the event, expecting a luxury getaway on a private island in the Bahamas, only for their private jets to touch down in what many called a disaster area. Instead of plush cabanas, they were set up in "disaster relief tents," and their gourmet food took the form of cheese sandwiches and wilting lettuce.

The failed event caused a PR meltdown, several lawsuits, and an FBI investigation.

McFarland's next court appearance is set for July 31.

Read original story Fyre Festival Organizer Freed on $300K Bail At TheWrap

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