People who lent money to Fyre Festival before it collapsed are now trying to force the company that ran the event into bankruptcy following the arrest of William “Billy” McFarland, the man behind the ill-fated music festival, the Wall Street Journal reported on Saturday. Hyped as “the cultural experience of the decade,” Fyre Festival was to be held in the Bahamas over two weekends in April and May featuring artists like Migos and Lil Yachty. But the festival proved to be a flop when attendees, some of whom paid thousands of dollars, arrived at the private party venue only to find a half-built festival ground, bad food and canceled musical acts. “We look forward to finding out where the money went,” said Robert Knuts, a lawyer at Sher Tremonte LLP, who filed a petition Friday in New York against Fyre Festival LLC on behalf of three lenders who sunk $530,000 into the event. Knuts said that they are part of a larger group of more than 20 individuals who together lent more than $4 million to Fyre Festival.
