There were different tranches of tickets sold at different prices. The other thread says “up to” and that appears to be accurate, if misleading.
It was hard to keep up the lie when the person who’s job it was to keep the books was standing there saying “the company has no money whatsoever”. That they tried at all was ballsy.
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No one has reported about the post “event” clean-up. I can’t imagine they properly cleaned up afterwards all things considered.
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Per page 20 of their more-or-less-parody-refuting pitch deck I’m assuming that “The Fyre Tribe” claims jurisdiction.
No word on whether the water tribe or US DOJ share their optimistic appraisal of the situation.
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I can almost imagine exactly what happened…
Festival organizers promoted this event using lavish advertising and celebrity endorsements in hopes of drawing in big sales to cover expenses.
Of course the whole thing was probably launched on a shoestring budget from the get-go with limited seed money and nobody was authorized to actually travel to the island to coordinate logistics. Instead they relied on sketchy local go-betweens who promised everything but obviously couldn’t organize a two car parade.
As things fell behind and the schedule drew nearer, rather than cancel they chose to double-down and plow ahead hoping they could turn it around which of course, was impossible at that point. In the end, the whole thing goes about as well as could be expected and the house of cards collapses. Lawsuits and indictments quickly follow. Company declares bankruptcy and the executive team bails with as much of the leftovers as possible leaving the poor employee schlubs responsible for the clean up.
I’m willing to bet this narrative is damn-near spot on. The twisted logic of the CEO being…“If we’re going to fail, we’re going to fail spectacularly!”
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Once you’re bankrupt, there isn’t much difference between $100,000 in the hole and $1,000,000 in the hole. You might as well try to keep going and hope that a miracle occurs.
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Wondering if counsel can be disbarred for this.
As Bagoombah mentioned, [quote=“Bagoombah, post:32, topic:100893”]
Some states reward triple damages if employer does not comply within 30 days of complaint.
[/quote]
Counsel is making a gamble that employees won’t figure this out or find the legal resource to collect, versus creditors with deeper pockets or before they declare bankruptcy.
My own bet is that a bankruptcy filing is days away.
The audio of the call is astounding. He opens up by reminding people not to delete emails because they’re under suit/investigation. Then, they are basically dumping all of the festival business and focusing on the “booking” business. It seems (from reading their original marketing presentation) they think they can be a middle person between the elite artists to whom they think they have exclusive access and venues or other mature entertainment businesses that already handle everything Fyre wants to do.
Another bomb for the call: “Billy, should we have any concern about the FBI?” Answer basically: “The company has counsel…who is there any time for you if you have any questions or concerns.” If you’re reading this and a Fyre employee, it’s time to get your own lawyer.
One way for McFarland to resolve this in the short term would be to give each employee their own supermodel.
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Give Trump and Congress a couple more years and these people will be bale to register their corporations right here int he good old USA which will have become great again…for certain values of “great”.
I’m sure Trump is working to get rid of pesky wage laws and requirements that workers actually get paid if doing so would slow down that return to “greatness”.
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They’re better looking, but are they any more comfortable than the fancy ergonomic chairs that people got during the dot-bomb bust?
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Payroll in the office abruptly stopped last October, after which time employees were paid by wire transfer or in cash, a former employee said.
For any employee of this organisation, some things should have become clear right then and there. I know that some people would stick with a job like that, cos they had no other choice, but six months is plenty of time to get da hell out of that place. If you stuck on a job like that not because you had to but because you actually believed in this guy and his business vision… well damn… harsh lesson learned the hard way. Still sucks to be in this situation and my sympathies go to anyone being screwed by this “bro”.
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May I use this at least once daily?
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This wasn’t the case tho. They kept flying down every weekend for “boys getaways” (only male staff got to go) and they probably couldn’t hire anyone to do anything because everyone was already booked for the regatta. Sorry, gotta stick up for those “sketchy locals” - cuz they were not the cause here.
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You’re right, it’s a bit sketchier here in MAGA-land. And harder than you’d think to collect against the thief of stolen wages, not to mention a penny of the fines allowed by law.
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So having people work for no pay…coupled with Jeff Session’s order to charge Americans with the most serious offense you can prove. I can only assume the CEO’s will be up on charges of slavery soon.
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Yeah, and then the Trumphole declares bankruptcy and worker doesn’t get a dime of back wages. In fact Trump himself has pulled this con several times.
Yes, by all means, workers who have not been paid should 1) quit immediately, 2) file a wage claim immediately, 3) file for unemployment immediate, and 4) use a TARDIS to do all those things at the same time. But don’t expect miracles.
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Ah yeah…that’s the other likely narrative…that they blew all the money on hookers n’ blow.
I had a 50/50 shot.
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Going forward is corporate speak for fuck you all.
So lets see, Billy McFarland and Ja Rule are facing lawsuits from their marks, from their unpaid employees, and presumably from the IRS for criminal tax evasion.
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I had coworkers who had just come from a company where the management insisted everything was fine despite the fact that everyone knew they didn’t have any money because no one had gotten their last couple of paychecks. A friend worked at a company that (after he left because it was obvious they were soon going to be broke), they managed to convince a certain number of people to stick around for two or three months without pay, promising it was just a temporary setback…
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Even with freelancers, though, if the total paid in one year is over $600 (IIRC) they are legally required to submit a 1099.
Most of my clients do that, except one. I still pay all the taxes on that income, but I do wonder if it will bite her eventually.
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