The Fyre Festival Guy Is Making a Post-Prison Comeback. He’s in Excellent Company.

  • 📰 Slate
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Why white-collar criminals almost never run out of second chances.

AdvertisementOf course, figures like Hwang and Milken had lots of money to put into polishing their profiles, and McFarland, a younger man who agreed to a $26 million forfeiture in his plea deal, probably doesn’t. But consider how gracefully other financial miscreants have gotten giant institutions, which have a structure for weighing the risks of their associations, to climb back into bed with them. McFarland doesn’t even have to do that sort of wooing.

There are many ways in which his rebooted music festival could and likely will fail, assuming that it even materializes at all. But McFarland’s star turn as his life collapsed into rubble has made him an undeniable curiosity. Wall Street types who flame out get to try again because there is something substantive about being in a high-enough position to make headlines for white-collar crime.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 716. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Controversial Fyre Festival II tickets hit the market, convicted fraudster Billy McFarland announcesFyre Festival II tickets are now available, marking a comeback attempt by Billy McFarland, the mastermind behind the disastrous original event. McFarland, convicted of fraud, unveiled plans for the festival in a YouTube video.
Source: FOX10Phoenix - 🏆 83. / 68 Read more »