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.
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