SEC Settles $24.7M Fraud Case Against Fyre Festival Founder Billy McFarland

The United States Security and Exchange Commission announced Tuesday (7/24) it has settled charges against Fyre Festival founder Billy McFarland and his associates. New York entrepreneur McFarland, along with two companies he founded (Fyre Media and credit card company Magnises), a former senior executive and a former contractor were charged with fraud for misleading over…