New details of Fyre Fest founder’s financial mismanagement arise In the midst of Billy McFarland's entanglement with the law as Fyre Media is investigated for fraud, Magnises, another McFarland holding, becomes an issue. Related Posts: Billy McFarland’s prison-recorded podcast lands him in solitary confinement Fyre Festival’s Billy McFarland launches new podcast from prison, ‘Dumpster Fyre’