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Article snippet: A few days after the spectacular collapse of the Fyre Festival, just as federal investigators began to circle the wreckage, the event’s would-be mastermind, Billy McFarland, was still making promises. His failed event was sold on social media by the likes of Kendall Jenner as an ultraluxurious musical getaway in the Bahamas. Scheduled for two weekends starting in late April, it was supposed to up the ante in the competitive festival market. Instead, Fyre had become a punch line for its aborted opening, with reports of panicked millennials scrounging for makeshift shelter on a dark beach. Yet, speaking on May 2 with unnerved employees at his TriBeCa office — with its $30,000 sound system and frequent fashion-model visitors — Mr. McFarland deflected blame and vowed that Fyre would survive to mount another festival next year. The coverage had been “sensationalized,” he insisted, according to a recording obtained by The New York Times. (Fyre has attributed its cancellation to a combination of factors, including the weather.) Ja Rule, the rapper and Mr. McFarland’s celebrity business partner, looked on the bright side. “The whole world knows Fyre’s name now,” he said. “This will pass, guys.” Their company, Fyre Media, however, was already facing the first of more than a dozen lawsuits seeking millions and alleging fraud, breach of contract and more. The endeavor has also become the focus of a criminal investigation, with federal authorities looking into possible mail,... Link to the full article to read more