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These are the user uploaded subtitles that are being translated: 1 00:00:03,133 --> 00:00:06,139 [tense music building] 2 00:00:06,139 --> 00:00:13,153 ♪ ♪ 3 00:00:18,790 --> 00:00:22,547 [crickets chirping] 4 00:00:22,547 --> 00:00:25,386 CALVIN: You're living in your parents' basement 5 00:00:25,386 --> 00:00:27,641 and you pull out your phone, 6 00:00:27,641 --> 00:00:31,314 which you look at 100 times an hour. 7 00:00:31,314 --> 00:00:34,362 MAN: The actual experience exceeds all expectations. 8 00:00:34,362 --> 00:00:36,324 CALVIN: You see a music festivalc 9 00:00:36,324 --> 00:00:37,994 that exceeds all expectations 10 00:00:37,994 --> 00:00:41,585 on a deserted island owned by Pablo Escobar. 11 00:00:41,585 --> 00:00:45,050 There was music, private planes, 12 00:00:45,050 --> 00:00:48,891 and beautiful women swimming on an island with drugs. 13 00:00:48,891 --> 00:00:51,522 Man, that's about as sexy as it gets. 14 00:00:51,522 --> 00:00:53,484 ♪ ♪ 15 00:00:53,484 --> 00:00:57,241 And then you see these wonderful, beautiful people 16 00:00:57,241 --> 00:00:58,786 in places that you're not, 17 00:00:58,786 --> 00:01:01,625 doing things that you can't afford to do. 18 00:01:01,625 --> 00:01:06,469 It really didn't matter that these guys may be waifs, 19 00:01:06,469 --> 00:01:08,681 trustafarians, 20 00:01:08,681 --> 00:01:12,481 and this guy hosting this party was an obvious fraud 21 00:01:12,481 --> 00:01:14,651 because many of these influencers 22 00:01:14,651 --> 00:01:16,739 are people that you follow‐‐ 23 00:01:16,739 --> 00:01:19,745 that you aspire to be‐‐ 24 00:01:19,745 --> 00:01:24,922 and also this rapper whose music that you listen to. 25 00:01:24,922 --> 00:01:28,261 So when an opportunity presents itself 26 00:01:28,261 --> 00:01:30,475 to get out of your parents' basement 27 00:01:30,475 --> 00:01:32,813 and go be part of something that's culturally relevant, 28 00:01:32,813 --> 00:01:34,858 you're gonna absolutely jump at that. 29 00:01:34,858 --> 00:01:39,868 ♪ ♪ 30 00:01:39,868 --> 00:01:43,333 JAKE: This tapped into all the biggest millennial trends. 31 00:01:43,333 --> 00:01:45,630 ‐ [laughing] Yeah! 32 00:01:45,630 --> 00:01:47,968 MAN: Wow. 33 00:01:47,968 --> 00:01:51,725 [laughing] Never been so happy in my life 34 00:01:51,725 --> 00:01:56,527 to see this group of bozos. 35 00:01:56,527 --> 00:01:59,449 CC: It's like history in the making. 36 00:01:59,449 --> 00:02:00,994 I mean, everyone's supposed to be here, 37 00:02:00,994 --> 00:02:04,208 like Bella Hadid, Kendall Jenner... 38 00:02:04,876 --> 00:02:06,964 OREN: Fyre Festival was supposed to be 39 00:02:06,964 --> 00:02:08,300 the new Coachella, 40 00:02:08,300 --> 00:02:11,097 the new Burning Man, the new whatever. 41 00:02:11,097 --> 00:02:14,730 DANIEL: The whole thing is wrapped in sex appeal. 42 00:02:14,730 --> 00:02:18,571 It's in the Bahamas on a private island 43 00:02:18,571 --> 00:02:22,954 with a million‐dollar treasure hunt giveaway. 44 00:02:22,954 --> 00:02:25,375 SETH: There was swimming with pigs 45 00:02:25,375 --> 00:02:29,133 and cuisine unlike anything you've ever had. 46 00:02:29,133 --> 00:02:31,639 It was gonna be an immersive experience 47 00:02:31,639 --> 00:02:33,517 bordering on impossible. 48 00:02:33,517 --> 00:02:36,523 JESSE: Exclusivity with unbelievable access 49 00:02:36,523 --> 00:02:38,109 to premiere talent. 50 00:02:38,109 --> 00:02:40,322 Kanye was gonna be performing at this festival. 51 00:02:40,322 --> 00:02:42,494 JIA: People spent tens of thousands of dollars 52 00:02:42,494 --> 00:02:44,288 on tickets. 53 00:02:44,288 --> 00:02:47,629 STEWARD: ...and your seats in their upright position. 54 00:02:47,629 --> 00:02:51,428 AUSTIN: We were all packed into a yellow school bus, 55 00:02:51,428 --> 00:02:53,641 and people are thinking, "What's the worst thing 56 00:02:53,641 --> 00:02:55,185 that could possibly happen?" 57 00:02:55,185 --> 00:02:57,106 ♪ ♪ 58 00:02:57,106 --> 00:02:59,820 ‐ What's happening? There's no water over there. 59 00:02:59,820 --> 00:03:03,118 Oh, Jesus. ‐ [laughing] 60 00:03:03,118 --> 00:03:05,205 ‐ I mean, this is just crazy. 61 00:03:05,205 --> 00:03:07,001 There's trucks all over the place. 62 00:03:07,001 --> 00:03:08,838 Still setting things up. 63 00:03:08,838 --> 00:03:10,967 SETH: There were Amazon boxes everywhere 64 00:03:10,967 --> 00:03:12,721 and there was a shower, 65 00:03:12,721 --> 00:03:14,433 but you couldn't open your mouth 66 00:03:14,433 --> 00:03:15,810 'cause the water was green. 67 00:03:15,810 --> 00:03:17,396 ‐ Yikes. Oh, get the fuck out of here. 68 00:03:17,396 --> 00:03:18,941 Let's get the fuck out of here. 69 00:03:18,941 --> 00:03:20,737 AVA: You can party like an Instagram model 70 00:03:20,737 --> 00:03:22,490 and, you know, live the life of your dreams, 71 00:03:22,490 --> 00:03:24,828 but on the beach, everyone was just sort of wrecked 72 00:03:24,828 --> 00:03:26,707 and sunburnt and, like, this is not what I thought 73 00:03:26,707 --> 00:03:28,544 was gonna happen. 74 00:03:28,544 --> 00:03:30,465 ‐ It's an absolute circus. I don't know what's going on. 75 00:03:30,465 --> 00:03:32,217 ♪ ♪ 76 00:03:32,217 --> 00:03:35,223 JAKE: People were like, "What did I get myself into?" 77 00:03:35,223 --> 00:03:36,392 ‐ We don't even know. 78 00:03:36,392 --> 00:03:37,687 We're stranded. ‐ Yeah. 79 00:03:37,687 --> 00:03:39,524 CC: Tents are blowing away. 80 00:03:39,524 --> 00:03:42,404 All of the acts have pulled out. 81 00:03:42,404 --> 00:03:44,074 MAN: It was a shitshow. 82 00:03:44,074 --> 00:03:45,703 SETH: You know, like, 83 00:03:45,703 --> 00:03:48,626 a camp counselor could have done a better job. 84 00:03:48,626 --> 00:03:51,088 At one point, a guy was just standing 85 00:03:51,088 --> 00:03:55,096 on this little plywood table, answering questions one by one 86 00:03:55,096 --> 00:03:58,019 with a line of 100 people behind him. 87 00:03:58,019 --> 00:03:59,981 REPORTER: Billy McFarland created the festival 88 00:03:59,981 --> 00:04:01,275 and is blaming the disaster 89 00:04:01,275 --> 00:04:03,864 on poor weather and bad planning. 90 00:04:03,864 --> 00:04:06,244 ‐ We took a big jump here and a big risk 91 00:04:06,244 --> 00:04:08,248 and, uh, V1 has failed. 92 00:04:08,248 --> 00:04:10,293 ♪ ♪ 93 00:04:10,293 --> 00:04:15,555 ‐ You have to start to wonder, what is going on with this guy? 94 00:04:15,555 --> 00:04:17,307 ‐ Let's take it back to where it all started. 95 00:04:17,307 --> 00:04:19,061 REPORTER: Okay. ‐ So, 96 00:04:19,061 --> 00:04:20,773 I'm a technology entrepreneur, but I've always really 97 00:04:20,773 --> 00:04:22,735 been interested in payment tools and credit cards. 98 00:04:22,735 --> 00:04:24,614 POLLY: If you ever see videos of him, 99 00:04:24,614 --> 00:04:27,871 it's kind of like the same high‐energy spiel at all times. 100 00:04:27,871 --> 00:04:30,125 ‐ So it's a community‐oriented payment tool 101 00:04:30,125 --> 00:04:32,630 that provides guidance, access, and experiences. 102 00:04:32,630 --> 00:04:35,761 ‐ It's like the ultimate used‐car salesman. 103 00:04:35,761 --> 00:04:37,347 ‐ I wanna get the key and show you guys in here. 104 00:04:37,347 --> 00:04:39,477 We've actually developed our own little factory. 105 00:04:39,477 --> 00:04:42,316 POLLY: And he really wanted to sell you a car. 106 00:04:42,316 --> 00:04:44,069 And he'd give you a deal. 107 00:04:44,069 --> 00:04:45,489 CALVIN: You're sitting there saying, like, 108 00:04:45,489 --> 00:04:47,994 "I have no idea what this guy does, 109 00:04:47,994 --> 00:04:49,998 "but I'm pretty certain, 110 00:04:49,998 --> 00:04:51,292 "because I can't define it, 111 00:04:51,292 --> 00:04:53,631 that it's not legitimate." 112 00:04:53,631 --> 00:04:55,426 REPORTER: The 25‐year‐old entrepreneur 113 00:04:55,426 --> 00:04:59,099 created the Fyre Festival with rapper Ja Rule. 114 00:04:59,099 --> 00:05:00,561 MAN: For people who don't know what Fyre is, 115 00:05:00,561 --> 00:05:02,105 tell the people what Fyre is. 116 00:05:02,105 --> 00:05:04,026 ‐ Like, so, just to ex‐‐ ‐ Hey, how you doing? 117 00:05:04,026 --> 00:05:07,241 Uh, welcome. [laughs] 118 00:05:07,241 --> 00:05:09,913 CALVIN: I guess once you attach Ja Rule to something, 119 00:05:09,913 --> 00:05:11,165 you know it's legit. 120 00:05:11,165 --> 00:05:13,796 I mean, that... [chuckles] 121 00:05:13,796 --> 00:05:15,508 ‐ Well, I'm gonna let my partner in crime here, 122 00:05:15,508 --> 00:05:18,179 Billy McFarland, give y'all a introduction 123 00:05:18,179 --> 00:05:22,020 of what Fyre is and‐‐and what it's bringing to the table. 124 00:05:22,020 --> 00:05:26,362 ‐ I see Fyre Fest as this big snowball 125 00:05:26,362 --> 00:05:28,324 rolling down Scam Mountain... 126 00:05:28,324 --> 00:05:30,997 ♪ ♪ 127 00:05:30,997 --> 00:05:34,253 That has rolled up all of the previous scams 128 00:05:34,253 --> 00:05:36,675 into one‐‐ the rise of social media, 129 00:05:36,675 --> 00:05:38,429 the rise of the Silicon Valley ethos‐‐ 130 00:05:38,429 --> 00:05:41,560 you know, make it up first, suck up a lot of money. 131 00:05:41,560 --> 00:05:44,273 Fyre Fest is all of these things zooming 132 00:05:44,273 --> 00:05:47,112 straight at all of our brains, 133 00:05:47,112 --> 00:05:49,826 landing straight in all of our Twitter feeds. 134 00:05:49,826 --> 00:05:53,625 CALVIN: The cacophony of sound that they were able to create 135 00:05:53,625 --> 00:05:56,757 using the influencers and their social media strategy 136 00:05:56,757 --> 00:05:58,677 was so overwhelming 137 00:05:58,677 --> 00:06:02,727 that not only did very smart financial guys give them money, 138 00:06:02,727 --> 00:06:05,566 but, like, facts were just totally ignored 139 00:06:05,566 --> 00:06:08,279 based off of the strength of their social media strategy. 140 00:06:08,279 --> 00:06:11,160 VICKIE: What Fyre Festival did prove 141 00:06:11,160 --> 00:06:13,874 is that the power of influence is real, 142 00:06:13,874 --> 00:06:18,049 because at the time, there was nothing else but influence. 143 00:06:18,049 --> 00:06:21,138 BEN: While social media was their tool, 144 00:06:21,138 --> 00:06:23,017 it was ultimately their downfall. 145 00:06:23,017 --> 00:06:25,981 REPORTER: Fyre Festival trending along with the hashtag 146 00:06:25,981 --> 00:06:27,485 #FyreFraud. 147 00:06:27,485 --> 00:06:30,031 MAN: Fyre becomes a meme in and of itself. 148 00:06:30,031 --> 00:06:34,331 ‐ Some people are calling it rich people's problems. 149 00:06:34,331 --> 00:06:38,005 JIA: People like to see rich millennials get scammed. 150 00:06:38,005 --> 00:06:40,886 ‐ It would be perplexing and funny if it wasn't criminal. 151 00:06:40,886 --> 00:06:43,642 And it is criminal. But it still is perplexing. 152 00:06:43,642 --> 00:06:46,440 And still a little bit funny, but still horrible. 153 00:06:50,531 --> 00:06:53,161 ♪ ♪ 154 00:06:53,161 --> 00:06:56,083 ‐ The Fyre Music Festival creator now arrested 155 00:06:56,083 --> 00:06:58,463 and charged with wire fraud in a separate case. 156 00:06:58,463 --> 00:07:00,551 And Erielle, you got a comment from the lawyer 157 00:07:00,551 --> 00:07:02,387 for William McFarland? ‐ The attorney 158 00:07:02,387 --> 00:07:04,851 just moments ago saying‐‐ and this is a quote‐‐ 159 00:07:04,851 --> 00:07:06,730 "When this is all over, you will see 160 00:07:06,730 --> 00:07:07,982 "that he is hardly the villain 161 00:07:07,982 --> 00:07:09,736 the government portrays him as." 162 00:07:09,736 --> 00:07:11,405 ♪ ♪ 163 00:07:11,405 --> 00:07:13,201 JAKE: The investigation against Billy McFarland 164 00:07:13,201 --> 00:07:15,623 is being led by the Department of Justice, 165 00:07:15,623 --> 00:07:18,879 and specifically the Southern District of New York, 166 00:07:18,879 --> 00:07:21,217 which you might know from the show "Billions." 167 00:07:21,217 --> 00:07:23,387 ‐ Drop your credentials at the guards' desk 168 00:07:23,387 --> 00:07:26,268 and get the fuck out of here! 169 00:07:26,268 --> 00:07:28,105 ♪ ♪ 170 00:07:28,105 --> 00:07:29,776 JESSE: The Southern District of New York 171 00:07:29,776 --> 00:07:32,448 is the premiere office of the Department of Justice. 172 00:07:32,448 --> 00:07:36,247 They consider themselves able to prosecute anything, 173 00:07:36,247 --> 00:07:39,044 anywhere, anytime. 174 00:07:39,044 --> 00:07:40,756 JAKE: Billy McFarland's attorneys 175 00:07:40,756 --> 00:07:43,595 presented letters of support from friends and family. 176 00:07:43,595 --> 00:07:46,141 All kinds of people felt compelled to come out. 177 00:07:46,141 --> 00:07:48,814 "He is the most inspiring and motivating person 178 00:07:48,814 --> 00:07:51,611 I have ever met aside from my mother." 179 00:07:51,611 --> 00:07:53,907 MAN: "Creative, passionate, and exceedingly optimistic." 180 00:07:53,907 --> 00:07:56,078 COMPUTERIZED VOICE: "He is the smartest person I know." 181 00:07:56,078 --> 00:07:59,084 BOTH: "Billy was and still is a visionary." 182 00:07:59,084 --> 00:08:01,213 ♪ ♪ 183 00:08:01,213 --> 00:08:04,261 ANASTASIA: I believe that we all make mistakes. 184 00:08:04,261 --> 00:08:06,433 ♪ ♪ 185 00:08:06,433 --> 00:08:08,645 And I believe in love. I love him. 186 00:08:08,645 --> 00:08:13,655 I‐‐I do my best to support him. 187 00:08:13,655 --> 00:08:17,162 I think he did really want that festival to happen, 188 00:08:17,162 --> 00:08:19,459 and he did work very hard for it to happen. 189 00:08:19,459 --> 00:08:23,341 ♪ ♪ 190 00:08:23,341 --> 00:08:24,969 You can read, like, all the news, 191 00:08:24,969 --> 00:08:27,516 but it's, like, all, like‐‐ it's all super bad 192 00:08:27,516 --> 00:08:28,727 and super negative. 193 00:08:28,727 --> 00:08:31,315 ♪ ♪ 194 00:08:31,315 --> 00:08:33,194 He wanted to tell his story. 195 00:08:33,194 --> 00:08:35,783 ♪ ♪ 196 00:08:35,783 --> 00:08:37,912 ‐ What's up? MAN: Welcome. 197 00:08:37,912 --> 00:08:39,457 ‐ Nice and dark and ominous. 198 00:08:39,457 --> 00:08:41,461 ♪ ♪ 199 00:08:41,461 --> 00:08:43,465 ANASTASIA: And he wanted to go deeper 200 00:08:43,465 --> 00:08:46,011 than the festival failure. 201 00:08:46,011 --> 00:08:51,773 ♪ ♪ 202 00:08:51,773 --> 00:08:54,487 ‐ I think it's really easy to play Monday morning quarterback 203 00:08:54,487 --> 00:08:56,073 for myself right now, looking back saying, 204 00:08:56,073 --> 00:08:57,535 "I should have done this, I should have done that." 205 00:08:57,535 --> 00:08:59,329 And I certainly made a lot of mistakes, 206 00:08:59,329 --> 00:09:02,043 and‐‐and there's no question about that, but... 207 00:09:02,043 --> 00:09:03,964 ♪ ♪ 208 00:09:03,964 --> 00:09:07,555 Before we had the worst luck, I think we had the best luck. 209 00:09:07,555 --> 00:09:10,978 And, like, it sounds crazy, but so many things 210 00:09:10,978 --> 00:09:13,900 had to go right to make it this big of a failure. 211 00:09:13,900 --> 00:09:16,990 And everybody fully believed 212 00:09:16,990 --> 00:09:18,952 that we were going to put on an event 213 00:09:18,952 --> 00:09:21,415 that was going to change the landscape and deliver 214 00:09:21,415 --> 00:09:23,252 an experience people would talk about for years. 215 00:09:23,252 --> 00:09:25,006 There was no hidden secret. There was no hidden agenda. 216 00:09:25,006 --> 00:09:26,258 We're all like, "Whatever it takes, 217 00:09:26,258 --> 00:09:27,553 "we are all in, and let's go 218 00:09:27,553 --> 00:09:29,306 and make this happen." 219 00:09:29,306 --> 00:09:32,312 [pensive music] 220 00:09:32,312 --> 00:09:34,357 ♪ ♪ 221 00:09:34,357 --> 00:09:36,863 JIA: There's this idea that this is the model of success 222 00:09:36,863 --> 00:09:38,742 in the millennial era. 223 00:09:38,742 --> 00:09:41,790 You can become the biggest, buzziest company in the world, 224 00:09:41,790 --> 00:09:44,127 where you have this moonshot vision, 225 00:09:44,127 --> 00:09:45,964 and you figure it out later. 226 00:09:45,964 --> 00:09:49,430 Because, like, why couldn't you do it? 227 00:09:49,430 --> 00:09:51,058 [dial‐up modem ringing] 228 00:09:51,058 --> 00:09:53,229 MAN: There are about 80 million of them born 229 00:09:53,229 --> 00:09:55,901 between 1980 and 1995. 230 00:09:55,901 --> 00:09:57,655 They're called millennials. 231 00:09:57,655 --> 00:10:00,034 BOY: Wow, look at those cool graphics. 232 00:10:00,034 --> 00:10:01,746 JIA: The millennial understanding of the world 233 00:10:01,746 --> 00:10:04,669 has been shaped by extreme precarity. 234 00:10:04,669 --> 00:10:06,548 [screaming and gunfire] 235 00:10:06,548 --> 00:10:11,223 And now people want to construct their own reality. 236 00:10:11,223 --> 00:10:13,060 ‐ Do you know what we're fighting about? 237 00:10:13,060 --> 00:10:14,730 There are people who... [overlapping shouting] 238 00:10:14,730 --> 00:10:17,235 JIA: With the dream of being successful enough 239 00:10:17,235 --> 00:10:19,239 that you are beyond accountability. 240 00:10:19,239 --> 00:10:21,703 And Billy McFarland is the person that 241 00:10:21,703 --> 00:10:24,291 is, like, baked in that oven and comes out fully formed 242 00:10:24,291 --> 00:10:26,336 and does Fyre Fest. 243 00:10:26,336 --> 00:10:29,594 ♪ ♪ 244 00:10:29,594 --> 00:10:32,098 BILLY: I was raised in New Jersey, 245 00:10:32,098 --> 00:10:33,602 and my two parents worked together 246 00:10:33,602 --> 00:10:35,187 as real estate developers and we grew up 247 00:10:35,187 --> 00:10:37,233 as a close family. 248 00:10:37,233 --> 00:10:39,404 COMPUTERIZED VOICE: "I am Billy McFarland's mother, 249 00:10:39,404 --> 00:10:41,241 "and there is much that I would like you to know 250 00:10:41,241 --> 00:10:42,953 "about my son. 251 00:10:42,953 --> 00:10:46,711 "As a child, Billy was always ahead of the curve. 252 00:10:46,711 --> 00:10:49,717 "He walked and talked well before the norm, 253 00:10:49,717 --> 00:10:52,890 "was first to finish his math times tables, 254 00:10:52,890 --> 00:10:55,562 "could swim in the ocean as a toddler, 255 00:10:55,562 --> 00:10:58,902 was scuba diving at age ten." 256 00:10:58,902 --> 00:11:01,783 BILLY: My first combination of technology and marketing 257 00:11:01,783 --> 00:11:03,495 happened in second grade. 258 00:11:03,495 --> 00:11:06,751 I was put next to, uh, a girl who I had a crush on. 259 00:11:06,751 --> 00:11:08,797 And her crayon broke. 260 00:11:08,797 --> 00:11:11,636 I said, "If you give me a dollar, I'll fix your crayon." 261 00:11:11,636 --> 00:11:15,644 The school bought very basic Internet‐connected typewriters, 262 00:11:15,644 --> 00:11:17,105 and I realized that this is the best way 263 00:11:17,105 --> 00:11:18,858 to market my crayon business, 264 00:11:18,858 --> 00:11:20,904 so I figured out the school's administrator password 265 00:11:20,904 --> 00:11:22,365 and I started messing with them. 266 00:11:22,365 --> 00:11:24,202 I changed the password and, like, 267 00:11:24,202 --> 00:11:25,914 locked all the teachers out. So every time the AlphaSmart 268 00:11:25,914 --> 00:11:28,377 was turned on, it would say, "For your broken crayons, 269 00:11:28,377 --> 00:11:31,216 basically come and find me." 270 00:11:31,216 --> 00:11:33,220 POLLY: I definitely think Billy was always inspired 271 00:11:33,220 --> 00:11:36,351 by being a businessman, even if he's a teeny‐tiny 272 00:11:36,351 --> 00:11:38,732 crayon‐based businessman. 273 00:11:38,732 --> 00:11:41,779 [funky electronic music] 274 00:11:41,779 --> 00:11:45,286 CALVIN: Billy McFarland came of age with the Internet. 275 00:11:45,286 --> 00:11:46,873 BILLY: The Internet doesn't have parents. 276 00:11:46,873 --> 00:11:49,044 It doesn't have teachers. It doesn't have rules. 277 00:11:49,044 --> 00:11:52,801 No one really told you what was right or wrong. 278 00:11:52,801 --> 00:11:55,724 MALE VOICE: Welcome. You've got mail. 279 00:11:55,724 --> 00:11:58,020 JESSE: As this young man is growing up, 280 00:11:58,020 --> 00:11:59,565 there's a huge boom. 281 00:11:59,565 --> 00:12:02,070 MAN: The information technology revolution: 282 00:12:02,070 --> 00:12:05,326 it's affecting the way we do business and live our lives. 283 00:12:05,326 --> 00:12:07,413 And that's why it's so profitable. 284 00:12:07,413 --> 00:12:08,750 ‐ The investors are going crazy. 285 00:12:08,750 --> 00:12:10,127 ‐ To pass the time, 286 00:12:10,127 --> 00:12:12,716 help yourself to some more stock. 287 00:12:12,716 --> 00:12:15,012 BILLY: My first real company when I was in fifth grade 288 00:12:15,012 --> 00:12:16,682 was a web‐posting company, 289 00:12:16,682 --> 00:12:19,020 and I had three full‐time people working for me, uh, 290 00:12:19,020 --> 00:12:20,732 in India. 291 00:12:20,732 --> 00:12:22,736 I'm talking to people, like, entirely across the world 292 00:12:22,736 --> 00:12:26,494 when my friends are focused on, like, kickball at recess. 293 00:12:26,494 --> 00:12:28,998 I had, like, the worst fake deep voice on the planet. 294 00:12:28,998 --> 00:12:31,044 I would pick up the phone and just never say how old I was‐‐ 295 00:12:31,044 --> 00:12:33,424 be like, "Hello?" ‐ Hello? 296 00:12:33,424 --> 00:12:34,927 COMPUTERIZED VOICE: "Billy has been gifted 297 00:12:34,927 --> 00:12:37,181 "with both a blessing and a curse: 298 00:12:37,181 --> 00:12:39,895 He can only think big." 299 00:12:39,895 --> 00:12:42,693 POLLY: Billy thought that he was going to be Mark Zuckerberg 300 00:12:42,693 --> 00:12:45,197 and that he was on the road to be Mark Zuckerberg 301 00:12:45,197 --> 00:12:48,788 and that nothing would stop him. 302 00:12:48,788 --> 00:12:51,042 BILLY: I went to college at Bucknell. 303 00:12:51,042 --> 00:12:53,715 Bucknell had this, like, pitch competition, 304 00:12:53,715 --> 00:12:56,178 and I created the content for Spling. 305 00:12:56,178 --> 00:12:58,140 MAN: You just found a hilarious video, 306 00:12:58,140 --> 00:13:01,731 delicious recipe, or even an interesting article online. 307 00:13:01,731 --> 00:13:03,568 Now you want to share it with your friends. 308 00:13:03,568 --> 00:13:05,279 What do you do? 309 00:13:05,279 --> 00:13:07,283 ‐ Spling was basically 310 00:13:07,283 --> 00:13:11,918 a duplicate of Google+ kind of vibe. 311 00:13:11,918 --> 00:13:15,216 ‐ I'm Billy McFarland, the CEO of Spling. 312 00:13:15,216 --> 00:13:17,846 I don't know if you've ever seen the video from demo day, 313 00:13:17,846 --> 00:13:20,852 but the pitch for Spling didn't go so well. 314 00:13:20,852 --> 00:13:22,230 Let's see a quick demo. 315 00:13:22,230 --> 00:13:25,445 [awkward music] 316 00:13:25,445 --> 00:13:27,406 Sorry, one second. 317 00:13:27,406 --> 00:13:30,997 ♪ ♪ 318 00:13:30,997 --> 00:13:33,126 Remember, Spling it. Thank you very much. 319 00:13:33,126 --> 00:13:35,757 After that, we were urged to explore 320 00:13:35,757 --> 00:13:39,180 new versions of our idea. 321 00:13:39,180 --> 00:13:41,769 We moved to New York, and we were just so concerned 322 00:13:41,769 --> 00:13:43,188 with, like, "What's the next step? 323 00:13:43,188 --> 00:13:44,733 What's the next step?" 324 00:13:44,733 --> 00:13:46,487 JAKE: When he moved to New York, 325 00:13:46,487 --> 00:13:48,449 I think it was a moment where millennials 326 00:13:48,449 --> 00:13:50,495 as a generation are struggling to understand 327 00:13:50,495 --> 00:13:51,956 the world around them. 328 00:13:51,956 --> 00:13:54,420 ‐ It was the worst day on Wall Street. 329 00:13:54,420 --> 00:13:56,214 JIA: All of the pillars of upward mobility 330 00:13:56,214 --> 00:13:57,926 have been crumbling for decades. 331 00:13:57,926 --> 00:13:59,930 REPORTER: More millennials are living with parents 332 00:13:59,930 --> 00:14:01,684 than with spouses or partners. 333 00:14:01,684 --> 00:14:03,646 JIA: You can't buy a house and settle down 334 00:14:03,646 --> 00:14:05,315 because you can't afford one. 335 00:14:05,315 --> 00:14:06,819 There is the rise of this, like, 336 00:14:06,819 --> 00:14:08,656 insane college debt bubble. 337 00:14:08,656 --> 00:14:10,994 CALVIN: There are fewer and fewer jobs where people can 338 00:14:10,994 --> 00:14:13,875 not just better themselves but just sustain the status quo. 339 00:14:13,875 --> 00:14:15,335 JAKE: This is what was happening, 340 00:14:15,335 --> 00:14:16,922 and it was very clear 341 00:14:16,922 --> 00:14:20,304 that Billy understood what his friends want. 342 00:14:20,304 --> 00:14:21,891 BILLY: I was literally at dinner with friends 343 00:14:21,891 --> 00:14:24,480 and we all split the bill, and we all had our 344 00:14:24,480 --> 00:14:28,320 introductory debit cards, and this idea struck me. 345 00:14:28,320 --> 00:14:31,702 And I'm like, "Wow, like, what if I could make these cooler?" 346 00:14:31,702 --> 00:14:34,583 So I went and ordered a sheet of metal from China 347 00:14:34,583 --> 00:14:36,670 and, like, magnetic tape and this, like, 348 00:14:36,670 --> 00:14:40,804 giant sheet that was super thin and I found a way to copy 349 00:14:40,804 --> 00:14:42,641 my debit card onto the sheet of metal. 350 00:14:42,641 --> 00:14:44,018 And I did it and it worked, and I, like, 351 00:14:44,018 --> 00:14:45,688 went down to the deli. 352 00:14:45,688 --> 00:14:47,358 So I went and, like, bought something with this, 353 00:14:47,358 --> 00:14:49,237 like, stupid card, and I'm like, "Shit, it works. 354 00:14:49,237 --> 00:14:51,826 I can go to the store and‐‐and buy stuff with this." 355 00:14:51,826 --> 00:14:54,163 And that was the genesis of the Magnises card. 356 00:14:54,163 --> 00:14:56,794 [exciting music] 357 00:14:56,794 --> 00:15:00,552 ‐ Jessica, you're chasing a story about the millennials' 358 00:15:00,552 --> 00:15:02,973 version of the black card. What do you got? 359 00:15:02,973 --> 00:15:05,520 JESSICA: Billy McFarland wanted a life with the perks 360 00:15:05,520 --> 00:15:07,899 of the black American Express card, 361 00:15:07,899 --> 00:15:12,199 so he created it for himself. This is Magnises. 362 00:15:12,199 --> 00:15:13,995 MAN: How did you come up with that name? 363 00:15:13,995 --> 00:15:15,957 ‐ Uh, the name is made up. 364 00:15:15,957 --> 00:15:17,502 I think I spelled it wrong, though, 'cause, like, 365 00:15:17,502 --> 00:15:19,506 it probably should have been M‐A‐G‐N‐E‐S, 366 00:15:19,506 --> 00:15:21,217 but I spelled it M‐A‐G‐N‐I‐S, 367 00:15:21,217 --> 00:15:23,472 so a lot of people said "Mag‐ness‐is," but whatever. 368 00:15:23,472 --> 00:15:25,643 ‐ What is Magnises? It's a card. 369 00:15:25,643 --> 00:15:27,021 But it's more than that. ‐ It's a card. 370 00:15:27,021 --> 00:15:28,398 It's a card. It's more than that. 371 00:15:28,398 --> 00:15:30,319 ‐ I don't know if it means magnet. 372 00:15:30,319 --> 00:15:32,239 ‐ Some meteorological element. 373 00:15:32,239 --> 00:15:33,993 ‐ Someone had a way better joke about it. 374 00:15:33,993 --> 00:15:35,997 They go, "Well, it just means magnum penis, right?" 375 00:15:35,997 --> 00:15:37,333 And I was like, "Yeah, that kinda works. 376 00:15:37,333 --> 00:15:39,630 That makes sense." 377 00:15:39,630 --> 00:15:42,552 ‐ This card will piggyback off of your current credit card 378 00:15:42,552 --> 00:15:45,433 with extra perks that you can't get anywhere else. 379 00:15:45,433 --> 00:15:48,814 EMILY: The main selling point to me was this townhouse. 380 00:15:48,814 --> 00:15:50,568 ‐ This is the main floor. 381 00:15:50,568 --> 00:15:53,449 It's really great‐‐a communal workspace during the day. 382 00:15:53,449 --> 00:15:55,160 Then at night we move all the tables and chairs 383 00:15:55,160 --> 00:15:56,538 out of the way, have a lot of events and speakers, 384 00:15:56,538 --> 00:15:58,375 parties, dinners. 385 00:15:58,375 --> 00:16:01,297 EMILY: You had this place to go to meet people like you 386 00:16:01,297 --> 00:16:03,176 and I think if you're, like, new to the city, 387 00:16:03,176 --> 00:16:04,763 that sounded cool. That sounded like, 388 00:16:04,763 --> 00:16:06,725 "Oh, that's my way to make introductions." 389 00:16:06,725 --> 00:16:08,980 In reality, the people who hung out there were not the people 390 00:16:08,980 --> 00:16:10,942 that they advertised. 391 00:16:10,942 --> 00:16:12,529 [quirky music] 392 00:16:12,529 --> 00:16:14,658 It was, like, guys who lived in Murray Hill 393 00:16:14,658 --> 00:16:17,162 that, if they could join an out‐of‐college fraternity, 394 00:16:17,162 --> 00:16:19,459 they would. 395 00:16:19,459 --> 00:16:23,258 BILLY: Grant was a Magnises member who called me one day, 396 00:16:23,258 --> 00:16:25,888 yelling about 20 things we could improve on. 397 00:16:25,888 --> 00:16:27,934 And we said, "Why don't you come and fix it for us?" 398 00:16:27,934 --> 00:16:30,147 And that was the start of the relationship. 399 00:16:30,147 --> 00:16:32,527 EMILY: So when Billy and Grant got connected, 400 00:16:32,527 --> 00:16:34,781 it was like "The Office" except with, like, 401 00:16:34,781 --> 00:16:36,702 no redeeming qualities. 402 00:16:36,702 --> 00:16:38,330 ‐ What is a business? 403 00:16:38,330 --> 00:16:41,210 EMILY: Billy was Michael Scott. Grant was Dwight, 404 00:16:41,210 --> 00:16:43,298 so, like, tattling right away‐‐ he'd be like, "Michael!" 405 00:16:43,298 --> 00:16:45,218 ‐ Michael! ‐ You know, like, 406 00:16:45,218 --> 00:16:47,306 that was kind of like‐‐ he'd be like, "Billy!" 407 00:16:47,306 --> 00:16:50,145 Grant made the Magnises marketing deck. 408 00:16:50,145 --> 00:16:52,776 Like, one word would be "luxe." [chill trendy music] 409 00:16:52,776 --> 00:16:54,362 Uh, "nuance." 410 00:16:54,362 --> 00:16:56,282 "NYC." 411 00:16:56,282 --> 00:16:57,827 We actually, like, started running out of time 412 00:16:57,827 --> 00:17:00,207 because it's 152 pages, and at that point. 413 00:17:00,207 --> 00:17:02,336 Grant just is flipping through the thing so fast. 414 00:17:02,336 --> 00:17:04,800 "Luxe, NYC, blah, blah, blah, marketing." 415 00:17:04,800 --> 00:17:06,010 And he was like a robot kind of like 416 00:17:06,010 --> 00:17:08,098 going through it really fast. 417 00:17:08,098 --> 00:17:11,647 But, like, we were expected to listen to this as if 418 00:17:11,647 --> 00:17:15,905 this was Tim Cook giving the Apple Town Hall of the year. 419 00:17:15,905 --> 00:17:17,450 JAKE: When I think about Magnises, 420 00:17:17,450 --> 00:17:20,080 I think about Entertainment 720. 421 00:17:20,080 --> 00:17:21,917 There is no actual business. 422 00:17:21,917 --> 00:17:23,838 It's just guys being in business. 423 00:17:23,838 --> 00:17:27,386 BOTH: ♪ We're flush with cash ♪ 424 00:17:27,386 --> 00:17:29,306 [dramatic music] 425 00:17:29,306 --> 00:17:32,605 BEN: It's funny, but Billy knew how to reach out 426 00:17:32,605 --> 00:17:34,735 to Silicon Valley, how to reach out 427 00:17:34,735 --> 00:17:36,697 to private equity to get money 428 00:17:36,697 --> 00:17:38,868 to fund his endeavors at a high level. 429 00:17:39,953 --> 00:17:41,707 CALVIN: As he's building Magnises, 430 00:17:41,707 --> 00:17:45,590 Billy meets Aubrey McClendon. 431 00:17:45,590 --> 00:17:48,929 REPORTER: Aubrey McClendon is the CEO of Chesapeake Energy, 432 00:17:48,929 --> 00:17:50,433 one of the country's most powerful 433 00:17:50,433 --> 00:17:52,186 independent gas producers. 434 00:17:52,186 --> 00:17:54,064 ‐ We have discovered the equivalent 435 00:17:54,064 --> 00:17:56,820 of two Saudi Arabias of oil. 436 00:17:56,820 --> 00:18:00,620 CALVIN: Aubrey McClendon is a colorful figure. 437 00:18:00,620 --> 00:18:03,459 BEN: Aubrey McClendon owned the Oklahoma City Thunder. 438 00:18:03,459 --> 00:18:06,214 REPORTER: He is the outspoken, influential heir 439 00:18:06,214 --> 00:18:08,176 of one of America's wealthiest families. 440 00:18:08,176 --> 00:18:09,721 ‐ In my mind he was, like, the best entrepreneur 441 00:18:09,721 --> 00:18:11,600 I ever could have imagined. 442 00:18:11,600 --> 00:18:13,687 He could walk into a room with 50 of the most power people 443 00:18:13,687 --> 00:18:16,485 in the world, and he owned that room. 444 00:18:16,485 --> 00:18:18,697 We had a meeting with Aubrey 445 00:18:18,697 --> 00:18:20,785 about getting involved in Magnises. 446 00:18:20,785 --> 00:18:22,455 We were at the Four Seasons in San Francisco. 447 00:18:22,455 --> 00:18:24,083 We started, like, shooting the shit for a minute, 448 00:18:24,083 --> 00:18:26,045 and I pull out the card and‐‐and dropped the card 449 00:18:26,045 --> 00:18:27,632 on the table. 450 00:18:27,632 --> 00:18:29,553 Of course he's the center of attention of the room, 451 00:18:29,553 --> 00:18:31,515 and all the top VCs are there. All the guys are there. 452 00:18:31,515 --> 00:18:33,268 Everybody wants to talk to Aubrey. 453 00:18:33,268 --> 00:18:34,938 And he's there just clanging this card on the table, 454 00:18:34,938 --> 00:18:35,940 just, like, throwing it down and, like, 455 00:18:35,940 --> 00:18:36,942 taking pictures of it. 456 00:18:36,942 --> 00:18:38,612 ♪ ♪ 457 00:18:38,612 --> 00:18:40,533 A half hour later, and when I was on the plane, 458 00:18:40,533 --> 00:18:45,543 he sent me over a term sheet to invest $500,000 in Magnises. 459 00:18:45,543 --> 00:18:48,424 [hip‐hop music] And the rest is history. 460 00:18:48,424 --> 00:18:51,430 [air horn blowing] 461 00:18:51,430 --> 00:18:54,018 JAKE: After Aubrey McClendon invests in Magnises, 462 00:18:54,018 --> 00:18:57,232 Billy drops money on influencers and musicians. 463 00:18:57,232 --> 00:18:59,487 ‐ He showed up with a bag of cash to pay Rick Ross, 464 00:18:59,487 --> 00:19:00,865 and it really happened. 465 00:19:00,865 --> 00:19:02,493 [explosion booms] 466 00:19:02,493 --> 00:19:03,495 JAKE: As it turns out... 467 00:19:03,495 --> 00:19:05,415 [air horn blows] 468 00:19:05,415 --> 00:19:08,129 It doesn't take much to trick a New York City media reporter 469 00:19:08,129 --> 00:19:10,426 into writing a story about how great your company is. 470 00:19:10,426 --> 00:19:12,220 [air horns blowing] 471 00:19:12,220 --> 00:19:14,643 BEN: There were positive articles that were influenced 472 00:19:14,643 --> 00:19:17,064 heavily by publicists and marketing teams. 473 00:19:17,064 --> 00:19:19,276 JAKE: These press stories end up turning Billy 474 00:19:19,276 --> 00:19:20,905 into this image 475 00:19:20,905 --> 00:19:24,328 of the next entrepreneurial god of New York City. 476 00:19:24,328 --> 00:19:27,292 ‐ They were just rerunning a press release, you know? 477 00:19:27,292 --> 00:19:31,175 It's like, "Ooh, exclusive club for hot, elite millennials." 478 00:19:31,175 --> 00:19:33,054 [quirky music] 479 00:19:33,054 --> 00:19:36,185 JAKE: Right around this time, Billy meets Ja Rule, 480 00:19:36,185 --> 00:19:39,776 who himself has had some problems with the law, um‐‐ 481 00:19:39,776 --> 00:19:41,655 ‐ So, you spent two years in prison. 482 00:19:41,655 --> 00:19:45,161 ‐ Yeah, I went in on my state charge for the gun charge, 483 00:19:45,161 --> 00:19:48,167 and they ran it concurrent with my... [quietly] Tax stuff. 484 00:19:48,167 --> 00:19:49,629 [laughs] 485 00:19:49,629 --> 00:19:52,552 ♪ What's my motherfucking name ♪ 486 00:19:52,552 --> 00:19:55,474 ‐ As an investor, when I heard Ja Rule was involved, 487 00:19:55,474 --> 00:19:58,605 I immediately think of the inimitable Dave Chappelle. 488 00:19:58,605 --> 00:20:00,400 ‐ We got Ja Rule on the phone. 489 00:20:00,400 --> 00:20:03,657 Let's see what Ja's thoughts are on this tragic‐‐ 490 00:20:03,657 --> 00:20:05,326 who gives a fuck what Ja Rule thinks 491 00:20:05,326 --> 00:20:07,623 at a time like this, nigga? This is ridiculous. 492 00:20:07,623 --> 00:20:08,625 ‐ I don't know if you've seen this clip. 493 00:20:08,625 --> 00:20:10,045 It's hysterical. 494 00:20:10,045 --> 00:20:11,423 ‐ Think when bad shit happens to me, 495 00:20:11,423 --> 00:20:12,884 I'll be in the crib like, "Oh, my God. 496 00:20:12,884 --> 00:20:14,261 "This is just terrible. 497 00:20:14,261 --> 00:20:17,477 "Could somebody please find Ja Rule? 498 00:20:17,477 --> 00:20:19,063 "Get a hold of this motherfucker so I can 499 00:20:19,063 --> 00:20:24,364 make sense of all this. Where is Ja?" 500 00:20:24,364 --> 00:20:26,828 JAKE: Ja Rule, like many other rappers, 501 00:20:26,828 --> 00:20:28,707 is looking for the next big thing. 502 00:20:28,707 --> 00:20:31,378 ‐ Ja, what is this new look? 503 00:20:31,378 --> 00:20:32,965 ‐ I don't know, man. 504 00:20:32,965 --> 00:20:34,886 She‐‐she want me to leave the street life alone. 505 00:20:34,886 --> 00:20:36,388 Guess that's what I'm gonna do. 506 00:20:36,388 --> 00:20:38,226 [quirky music] 507 00:20:38,226 --> 00:20:40,188 EMILY: They gave him a role‐‐ like, a title technically, 508 00:20:40,188 --> 00:20:43,236 but, like, just so when he was on camera he would be 509 00:20:43,236 --> 00:20:44,614 associated with Magnises. 510 00:20:44,614 --> 00:20:47,495 He had nothing to do with Magnises. 511 00:20:47,495 --> 00:20:49,707 ‐ So many celebrities become brand ambassadors 512 00:20:49,707 --> 00:20:51,878 for something or other. Why'd you choose this? 513 00:20:51,878 --> 00:20:56,555 ‐ Uh, you know, it's‐‐ it's a very unique situation. 514 00:20:56,555 --> 00:21:01,230 Whenever you can marry the affluent 515 00:21:01,230 --> 00:21:05,865 with the less fortunate, you get the birth child... 516 00:21:05,865 --> 00:21:07,702 ‐ [laughs] How did‐‐wait, wait. 517 00:21:07,702 --> 00:21:09,539 ‐ Which is called hip‐hop. 518 00:21:09,539 --> 00:21:11,751 ‐ Okay, well, this isn't called hip‐hop. 519 00:21:11,751 --> 00:21:13,212 This is‐‐this is called a credit card. 520 00:21:13,212 --> 00:21:14,883 ‐ Yeah, this is a credit card... 521 00:21:14,883 --> 00:21:17,513 ‐ This wasn't a viable or a sustainable business, 522 00:21:17,513 --> 00:21:22,189 as best I or anyone with common sense would assume. 523 00:21:22,189 --> 00:21:24,026 [dramatic percussion] 524 00:21:24,026 --> 00:21:27,073 And then Billy gets sued by the owner of this townhouse 525 00:21:27,073 --> 00:21:29,203 that Magnises was anchored out of 526 00:21:29,203 --> 00:21:31,958 because he'd completely trashed the place. 527 00:21:31,958 --> 00:21:33,921 EMILY: The townhouse was the big selling point, 528 00:21:33,921 --> 00:21:36,885 and that wasn't part of it anymore. 529 00:21:36,885 --> 00:21:39,264 At that time, Magnises needed quick cash. 530 00:21:39,264 --> 00:21:41,143 Memberships weren't selling. 531 00:21:41,143 --> 00:21:44,817 They kept trying to come up with ideas of what would sell, 532 00:21:44,817 --> 00:21:46,988 what would make this cooler. 533 00:21:46,988 --> 00:21:49,284 Billy started coming up with ideas that we thought 534 00:21:49,284 --> 00:21:52,374 seemed at least shady. 535 00:21:52,374 --> 00:21:55,213 Billy could get a lot of money quickly when he would try 536 00:21:55,213 --> 00:21:57,217 to sell tickets, 'cause he would sell things 537 00:21:57,217 --> 00:22:00,223 he knew people wanted even if he didn't actually have them. 538 00:22:00,223 --> 00:22:04,774 He tried to sell access to a private JLo party, 539 00:22:04,774 --> 00:22:08,364 and then he was saying he had exclusive tickets 540 00:22:08,364 --> 00:22:10,619 for Jay‐Z and Beyoncé. 541 00:22:10,619 --> 00:22:12,957 But, like, the worst ticket scam in my opinion 542 00:22:12,957 --> 00:22:14,376 was for "Hamilton." 543 00:22:14,376 --> 00:22:16,297 You could yell at him saying, like, 544 00:22:16,297 --> 00:22:18,175 "There's no possible way you have 200 tickets for 'Hamilton' 545 00:22:18,175 --> 00:22:20,305 one night. There's‐‐ It's absolutely impossible. 546 00:22:20,305 --> 00:22:22,560 And he would say, "It's possible." 547 00:22:22,560 --> 00:22:24,772 It would come to the night of, when people are like, 548 00:22:24,772 --> 00:22:27,027 "Where are my tickets? It's the night of the show." 549 00:22:27,027 --> 00:22:28,697 And he would, like, last minute buy them 550 00:22:28,697 --> 00:22:31,118 on, like, StubHub for insane prices 551 00:22:31,118 --> 00:22:34,374 and would give them out, like, literally in person. 552 00:22:34,374 --> 00:22:36,921 I could see clearly, like, 553 00:22:36,921 --> 00:22:39,384 Billy is gonna run this promotion, 554 00:22:39,384 --> 00:22:40,929 get a ton of money from "Hamilton," 555 00:22:40,929 --> 00:22:42,600 and then he'll pay off the Beyoncé tickets 556 00:22:42,600 --> 00:22:44,227 he sold earlier. And all the sudden he'd be like, 557 00:22:44,227 --> 00:22:45,814 "By the way, we're selling Super Bowl tickets." 558 00:22:45,814 --> 00:22:48,152 Because he had to pay for the Hamilton tickets. 559 00:22:48,152 --> 00:22:52,327 BEN: I think ultimately, Magnises is what cemented 560 00:22:52,327 --> 00:22:54,457 Billy's idea that he could really make money 561 00:22:54,457 --> 00:22:57,379 from defrauding millennials. 562 00:22:57,379 --> 00:22:59,049 JAKE: And then Aubrey McClendon‐‐ 563 00:22:59,049 --> 00:23:01,387 Billy's most important investor‐‐ 564 00:23:01,387 --> 00:23:04,811 becomes a sign of everything that goes wrong. 565 00:23:04,811 --> 00:23:07,190 REPORTER: Aubrey McClendon, one of the best‐known 566 00:23:07,190 --> 00:23:09,487 architects of the US shale boom, 567 00:23:09,487 --> 00:23:11,783 indicted by a federal grand jury Tuesday 568 00:23:11,783 --> 00:23:13,745 on conspiracy charges 569 00:23:13,745 --> 00:23:15,916 linked to rigging the price of oil and gas leases in Oklahoma. 570 00:23:15,916 --> 00:23:18,295 ‐ Aubrey McClendon is a fraudster. 571 00:23:18,295 --> 00:23:21,719 REPORTER: Chesapeake has had to borrow more than $6 billion 572 00:23:21,719 --> 00:23:23,347 to stay afloat. 573 00:23:23,347 --> 00:23:25,226 REPORTER: Chesapeake could be the next Enron. 574 00:23:25,226 --> 00:23:27,313 JESSE: He's leading a company that is built 575 00:23:27,313 --> 00:23:29,025 on a tissue of lies. 576 00:23:29,025 --> 00:23:32,282 And eventually he's indicted for securities fraud. 577 00:23:32,282 --> 00:23:35,329 ‐ Police in Oklahoma are investigating the death 578 00:23:35,329 --> 00:23:37,125 of a legendary energy titan. 579 00:23:37,125 --> 00:23:40,966 Aubrey McClendon died yesterday in a fiery car crash 580 00:23:40,966 --> 00:23:43,179 one day after being indicted. 581 00:23:43,179 --> 00:23:46,185 [sinister music] 582 00:23:46,185 --> 00:23:49,274 ♪ ♪ 583 00:23:49,274 --> 00:23:50,903 ‐ Yeah, um... 584 00:23:50,903 --> 00:23:53,365 ♪ ♪ 585 00:23:53,365 --> 00:23:55,328 I think I convinced myself for, like, a week 586 00:23:55,328 --> 00:23:56,748 he wasn't actually dead. 587 00:23:56,748 --> 00:23:58,543 I think that was, like, obviously wrong, 588 00:23:58,543 --> 00:24:00,672 but I hit a mental block there. 589 00:24:00,672 --> 00:24:05,891 ♪ ♪ 590 00:24:05,891 --> 00:24:07,603 JAKE: This, in a nutshell, 591 00:24:07,603 --> 00:24:09,690 marks the end of an era for Magnises 592 00:24:09,690 --> 00:24:12,153 and the beginning of trouble for his company. 593 00:24:12,153 --> 00:24:13,823 ♪ ♪ 594 00:24:13,823 --> 00:24:18,792 But right around this time, Billy meets Carola Jain, 595 00:24:18,792 --> 00:24:22,215 a very well‐off investor and the wife of Bob Jain, 596 00:24:22,215 --> 00:24:25,514 who runs one of the biggest hedge funds in New York City. 597 00:24:25,514 --> 00:24:28,853 Carola becomes one of Billy's most important 598 00:24:28,853 --> 00:24:32,110 and core seed investors. 599 00:24:32,110 --> 00:24:33,488 ‐ I found out some of our coworkers were working 600 00:24:33,488 --> 00:24:35,492 on a side business for Billy. 601 00:24:35,492 --> 00:24:37,997 And we kind of were like, "Hey, like, that doesn't feel right." 602 00:24:37,997 --> 00:24:43,592 ♪ ♪ 603 00:24:43,592 --> 00:24:46,723 "Is he starting, like, another fraudulent business?" 604 00:24:46,723 --> 00:24:51,356 ♪ ♪ 605 00:24:51,356 --> 00:24:55,072 DELROY: When I first met Billy, I was on Norman's Cay. 606 00:24:55,072 --> 00:24:58,538 I was a bartender there at MacDuff's Restaurant. 607 00:24:58,538 --> 00:25:01,001 I'm like, "What the fuck these guys coming here to do?" 608 00:25:01,001 --> 00:25:03,590 'Cause there's nothing on this island. 609 00:25:03,590 --> 00:25:07,556 I think, "Well, let me just be quiet and do my job." 610 00:25:07,556 --> 00:25:09,977 [blender whirring] 611 00:25:09,977 --> 00:25:13,985 I'm the bartender. Let me get them drunk 612 00:25:13,985 --> 00:25:18,202 'cause a drunk mind speaks a sober tongue. 613 00:25:18,202 --> 00:25:19,914 And it happened. 614 00:25:19,914 --> 00:25:21,751 ♪ ♪ 615 00:25:21,751 --> 00:25:24,339 Billy said, "Bring out the laptop. 616 00:25:24,339 --> 00:25:26,218 Show Delroy what you got." 617 00:25:26,218 --> 00:25:27,971 BILLY: Our pitch was simple. 618 00:25:27,971 --> 00:25:29,725 We want to bring music on this island 619 00:25:29,725 --> 00:25:31,604 and allow hundreds of people 620 00:25:31,604 --> 00:25:33,942 to come and experience the magic at one time. 621 00:25:33,942 --> 00:25:35,946 And we were hoping to build this creative center 622 00:25:35,946 --> 00:25:38,242 in the Bahamas where maybe our music artists would come 623 00:25:38,242 --> 00:25:40,371 and record and models could come and shoot. 624 00:25:40,371 --> 00:25:43,043 And we were hoping to have a year‐round creative center 625 00:25:43,043 --> 00:25:45,297 that was culminated in this annual festival. 626 00:25:45,297 --> 00:25:48,638 ♪ ♪ 627 00:25:48,638 --> 00:25:51,477 ‐ Said "What do you think? Can we pull this off?" 628 00:25:51,477 --> 00:25:52,813 I looked at him. 629 00:25:52,813 --> 00:25:57,448 I was like, "Billy, uh, uh‐uh." 630 00:25:57,448 --> 00:26:00,327 [engine idling] 631 00:26:02,206 --> 00:26:04,670 They're just like, "I'll be back in, like, two weeks." 632 00:26:04,670 --> 00:26:06,841 So I'm like, "Yeah, right. Whatever." 633 00:26:06,841 --> 00:26:08,678 [dramatic music] 634 00:26:08,678 --> 00:26:10,849 AVA: People like Billy McFarland were not unique 635 00:26:10,849 --> 00:26:12,770 to the Bahamas, you know? This is not the first time 636 00:26:12,770 --> 00:26:14,774 that we've had someone purport to be something 637 00:26:14,774 --> 00:26:16,527 and they're not. 638 00:26:16,527 --> 00:26:19,199 Because of our proximity and our high visibility, 639 00:26:19,199 --> 00:26:23,708 the Bahamas have always been a first‐stop shop for scammers. 640 00:26:23,708 --> 00:26:27,966 We're a country of industrious, hardworking people, 641 00:26:27,966 --> 00:26:32,016 but unemployment is incredibly high. 642 00:26:32,016 --> 00:26:34,229 We're still a developing country. 643 00:26:34,229 --> 00:26:36,984 WOMAN: Call 1‐800‐Sandals. 644 00:26:36,984 --> 00:26:40,032 AVA: The culture of exclusive resorts, 645 00:26:40,032 --> 00:26:43,080 this ultra‐luxe lifestyle in an environment 646 00:26:43,080 --> 00:26:48,006 where there's so much poverty‐‐ there is a level of collusion 647 00:26:48,006 --> 00:26:50,344 and pay‐for‐play and kickbacks involved. 648 00:26:50,344 --> 00:26:53,601 [water splashes] 649 00:26:53,601 --> 00:26:54,937 It's so ripe for fraud. 650 00:26:54,937 --> 00:26:56,649 ♪ ♪ 651 00:26:56,649 --> 00:26:58,360 DELROY: I'm riding past the runway 652 00:26:58,360 --> 00:27:00,155 and I see this plane coming in. 653 00:27:00,155 --> 00:27:04,748 Billy said, "Hey, Delroy, I told you I'd be back." 654 00:27:04,748 --> 00:27:07,796 This other dude walked off the plane. 655 00:27:07,796 --> 00:27:10,342 It's Ja Rule. 656 00:27:10,342 --> 00:27:13,265 And apparently, Ja is the face for the festival. 657 00:27:13,265 --> 00:27:17,064 And he came to make sure the shit kick off the right way. 658 00:27:17,064 --> 00:27:21,281 ‐ I am cofounder of Fyre. 659 00:27:21,281 --> 00:27:23,118 Me and my‐‐me and my brother, Billy. 660 00:27:23,118 --> 00:27:25,540 ♪ ♪ 661 00:27:25,540 --> 00:27:27,794 And this is what we call a moonshot. 662 00:27:27,794 --> 00:27:30,049 [laughs] 663 00:27:30,049 --> 00:27:33,640 ‐ I checked the calendar. Checked the date. 664 00:27:33,640 --> 00:27:35,392 All I did was just scratch my head. 665 00:27:35,392 --> 00:27:39,317 I was like, "Boy, I don't know if this shit can happen." 666 00:27:39,317 --> 00:27:41,989 ‐ Get ready, baby. Fyre Festival coming in April. 667 00:27:41,989 --> 00:27:44,285 The best shit in the world. 668 00:27:44,285 --> 00:27:48,670 ♪ ♪ 669 00:27:48,670 --> 00:27:50,507 DAVE: I'm in the music business. 670 00:27:50,507 --> 00:27:52,469 Everyone talks. 671 00:27:52,469 --> 00:27:56,309 And we started hearing these rumors that Ja Rule 672 00:27:56,309 --> 00:27:59,983 was working on this high‐end event in the Bahamas 673 00:27:59,983 --> 00:28:01,946 called Fyre Festival 674 00:28:01,946 --> 00:28:03,991 and it was gonna be really expensive‐‐ 675 00:28:03,991 --> 00:28:09,252 villas, private yacht rides, exclusive dinners with artists. 676 00:28:09,252 --> 00:28:14,095 This utopian concept that's about culture and art 677 00:28:14,095 --> 00:28:16,182 and music‐‐ 678 00:28:16,182 --> 00:28:19,313 that kind of festival culture that, "We could create 679 00:28:19,313 --> 00:28:22,988 our own society here temporarily." 680 00:28:22,988 --> 00:28:26,954 It started with Woodstock and Monterey Pop. 681 00:28:26,954 --> 00:28:29,375 ‐ This is our generation, man. We're all together, man. 682 00:28:29,375 --> 00:28:30,962 It's groovy. 683 00:28:30,962 --> 00:28:34,218 DAVE: Fast forward to the '80s and Live Aid. 684 00:28:34,218 --> 00:28:35,262 ‐ We love you! 685 00:28:35,262 --> 00:28:36,682 DAVE: And then in the '90s, 686 00:28:36,682 --> 00:28:39,897 Perry Farrell launched Lollapalooza. 687 00:28:39,897 --> 00:28:42,611 And there was Burning Man. 688 00:28:42,611 --> 00:28:47,871 But in 1999, Goldenvoice launched Coachella. 689 00:28:47,871 --> 00:28:51,377 There was no VIP area. There was no glamping. 690 00:28:51,377 --> 00:28:56,054 It was a site in the desert and hot dogs and porta potties. 691 00:28:56,054 --> 00:28:58,976 That's really the start of the modern festival movement 692 00:28:58,976 --> 00:29:01,649 in North America. 693 00:29:01,649 --> 00:29:04,278 But now Coachella is $100 million, 694 00:29:04,278 --> 00:29:07,117 almost high‐end luxury event. 695 00:29:07,117 --> 00:29:09,915 It seems like, you know, only the very wealthy 696 00:29:09,915 --> 00:29:13,171 can afford to really have a comfortable experience. 697 00:29:13,171 --> 00:29:16,470 JIA: Coachella is about putting on your deeply inappropriate 698 00:29:16,470 --> 00:29:18,348 feather headdress and, like, posing in front 699 00:29:18,348 --> 00:29:20,060 of the Ferris wheel. 700 00:29:20,060 --> 00:29:22,607 It's like, "I've got money. I've got tons of friends. 701 00:29:22,607 --> 00:29:25,655 I'm, like, young and attractive and carefree." 702 00:29:25,655 --> 00:29:28,452 And the music festival's a great place to display that. 703 00:29:28,452 --> 00:29:31,249 And there a lot of people in the millennial generation 704 00:29:31,249 --> 00:29:32,794 that are interested in experiences 705 00:29:32,794 --> 00:29:34,213 that are effectively, like, 706 00:29:34,213 --> 00:29:37,136 pretext for really good Instagrams. 707 00:29:37,136 --> 00:29:39,558 ‐ [yelps] 708 00:29:39,558 --> 00:29:41,520 ‐ And I hate to speak on behalf of millennials, 709 00:29:41,520 --> 00:29:42,898 'cause there's nothing worse than a millennial 710 00:29:42,898 --> 00:29:44,066 speaking on behalf of millennials. 711 00:29:44,066 --> 00:29:46,154 ‐ I'm sorry, who are you again? 712 00:29:46,154 --> 00:29:48,283 ANNOUNCER: "The Millennials." 713 00:29:48,283 --> 00:29:50,580 ‐ Some of the stereotypes about millennials are true. 714 00:29:50,580 --> 00:29:52,709 ‐ Taking a break from social media. 715 00:29:52,709 --> 00:29:55,047 JAKE: We are obsessed with our phones. 716 00:29:55,047 --> 00:29:56,926 ALL: No! 717 00:29:56,926 --> 00:29:59,138 ‐ We are a little bit narcissistic. 718 00:29:59,138 --> 00:30:03,898 ‐ I think that I may be the voice of my generation. 719 00:30:03,898 --> 00:30:05,777 JAKE: A little bit arrogant as a generation, 720 00:30:05,777 --> 00:30:07,739 I guess you could say. 721 00:30:07,739 --> 00:30:09,910 CALVIN: But certainly, our generation 722 00:30:09,910 --> 00:30:12,414 loves to be a part of the hype. 723 00:30:12,414 --> 00:30:15,755 We identify ourselves with what we're attached to 724 00:30:15,755 --> 00:30:18,051 or who's involved or who follows us or who likes us 725 00:30:18,051 --> 00:30:20,473 or who comments. "Do I have a blue checkmark?" 726 00:30:20,473 --> 00:30:22,644 "Am I trending at the right event? 727 00:30:22,644 --> 00:30:24,898 You're either tagged in posts or you're sharing memes 728 00:30:24,898 --> 00:30:27,529 or you're sending videos that everyone can relate to 729 00:30:27,529 --> 00:30:31,453 and laugh, like Star Wars kids or dramatic gopher 730 00:30:31,453 --> 00:30:33,874 or Antoine Dodson. 731 00:30:33,874 --> 00:30:37,214 You see what everyone else is doing. 732 00:30:37,214 --> 00:30:41,097 The fact that you're not there creates this fear 733 00:30:41,097 --> 00:30:43,393 that you're less of an individual. 734 00:30:43,393 --> 00:30:44,646 BILLY: I think the world's always been where 735 00:30:44,646 --> 00:30:45,898 there's always somebody smarter, 736 00:30:45,898 --> 00:30:47,527 more successful, better‐looking, 737 00:30:47,527 --> 00:30:49,948 taller, whatever than you, but people didn't see it 738 00:30:49,948 --> 00:30:52,119 as much as they're exposed to it now. 739 00:30:52,119 --> 00:30:54,458 They weren't in your face all day long. 740 00:30:54,458 --> 00:30:57,087 And that's what drives a lot of these things. 741 00:30:57,087 --> 00:31:00,678 ‐ It's tapping into FOMO‐‐ fear of missing out, 742 00:31:00,678 --> 00:31:02,432 which is kind of a core thing 743 00:31:02,432 --> 00:31:03,934 for millennials. 744 00:31:03,934 --> 00:31:05,395 ‐ If I missed out on chili and cheese, 745 00:31:05,395 --> 00:31:06,774 I'd have a bad case of FOMO. ‐ FOMO? 746 00:31:06,774 --> 00:31:08,109 ‐ Fear of missing out. 747 00:31:08,109 --> 00:31:09,696 ‐ So you're, like, a millennial? 748 00:31:09,696 --> 00:31:11,407 JIA: FOMO is something that was invented 749 00:31:11,407 --> 00:31:13,704 by the social media paradigm. 750 00:31:13,704 --> 00:31:17,127 It's this underlying anxiety where if you don't continue 751 00:31:17,127 --> 00:31:18,964 to escalate your visibility, 752 00:31:18,964 --> 00:31:20,551 your identity will start 753 00:31:20,551 --> 00:31:22,722 to crumble in pieces. 754 00:31:22,722 --> 00:31:25,770 VICKIE: Millennials are spending around two‐hours‐plus 755 00:31:25,770 --> 00:31:27,565 a day on social media. 756 00:31:27,565 --> 00:31:29,903 ‐ Every day, I start by hitting up Facebook, Twitter, 757 00:31:29,903 --> 00:31:31,239 Tumblr, and Instagram. 758 00:31:31,239 --> 00:31:32,992 ‐ If you're not relevant in social media, 759 00:31:32,992 --> 00:31:36,625 if you're not talked about, you don't exist. 760 00:31:36,625 --> 00:31:38,879 Instagram, social media marketing, 761 00:31:38,879 --> 00:31:41,844 influencer marketing is the most impactful form 762 00:31:41,844 --> 00:31:45,518 of marketing for an entire generation. 763 00:31:45,518 --> 00:31:49,191 So, an influencer is anyone with a social following. 764 00:31:49,191 --> 00:31:52,824 There are plenty of people who are models and celebrities 765 00:31:52,824 --> 00:31:55,496 that have influence, like Kendall Jenner, 766 00:31:55,496 --> 00:31:58,334 Hailey Baldwin, Bella Hadid. 767 00:31:58,334 --> 00:31:59,754 We call them macros, 768 00:31:59,754 --> 00:32:02,384 but those are celebrity influencers. 769 00:32:02,384 --> 00:32:05,474 JIA: What an influencer is is someone who has effectively 770 00:32:05,474 --> 00:32:07,854 monetized their identity. 771 00:32:07,854 --> 00:32:10,066 That is their work: 772 00:32:10,066 --> 00:32:13,449 the performance of an attractive life. 773 00:32:13,449 --> 00:32:16,204 That is their job. 774 00:32:16,204 --> 00:32:19,084 ‐ I'm Austin Mills. I do a lot of TV hosting. 775 00:32:19,084 --> 00:32:22,090 I do some social media influencing. 776 00:32:22,090 --> 00:32:24,386 ‐ My name's Alyssa Lynch. 777 00:32:24,386 --> 00:32:29,439 I have almost half a million followers on Instagram. 778 00:32:29,439 --> 00:32:31,610 ♪ ♪ 779 00:32:31,610 --> 00:32:32,946 SETH: So, my name is Seth. 780 00:32:32,946 --> 00:32:35,033 [music winds down] 781 00:32:35,033 --> 00:32:37,956 ‐ I don't know who that is. 782 00:32:37,956 --> 00:32:40,419 SETH: I created this influencer character, 783 00:32:40,419 --> 00:32:42,840 William Needham Finley IV, 784 00:32:42,840 --> 00:32:45,262 the most influential influencer. 785 00:32:45,262 --> 00:32:50,105 I'm just kinda poking fun at the whole influencer culture. 786 00:32:50,105 --> 00:32:52,276 It's all a joke. 787 00:32:52,276 --> 00:32:54,405 [quirky music] 788 00:32:54,405 --> 00:32:57,453 JAKE: Everybody is now an influencer in a certain sense. 789 00:32:57,453 --> 00:32:59,123 Everybody is a brand. 790 00:33:02,296 --> 00:33:05,469 ‐ Um, when I say "my brand," um, I just mean 791 00:33:05,469 --> 00:33:08,016 kind of, like, the lifestyle that I want to live. 792 00:33:08,016 --> 00:33:10,228 So, positivity, um... 793 00:33:10,228 --> 00:33:12,608 ♪ ♪ 794 00:33:12,608 --> 00:33:18,119 ‐ Health, wellness, and honestly just, like, 795 00:33:18,119 --> 00:33:19,914 positivity. 796 00:33:19,914 --> 00:33:24,256 VICKIE: I look at influencers as really brave people. 797 00:33:24,256 --> 00:33:27,889 They're sharing a lot of information 798 00:33:27,889 --> 00:33:30,603 and they're sort of taking one for the team 799 00:33:30,603 --> 00:33:33,358 for all of us to relate to them. 800 00:33:33,358 --> 00:33:38,744 And FuckJerry was one of the original influencers. 801 00:33:38,744 --> 00:33:41,917 REPORTER: Believe it or not, 27‐year‐old Elliot Tebele 802 00:33:41,917 --> 00:33:43,837 makes memes for a living. 803 00:33:43,837 --> 00:33:45,633 JIA: FuckJerry's part of the same ecosystem 804 00:33:45,633 --> 00:33:48,597 that produced influencer marketing in the first place. 805 00:33:48,597 --> 00:33:50,392 JAMES: If you wanna learn how to dominate social media 806 00:33:50,392 --> 00:33:53,649 and how you make money off of it, watch. 807 00:33:53,649 --> 00:33:55,861 MAN: We come up with campaigns for big brands. 808 00:33:55,861 --> 00:33:57,824 We produce the pictures and the videos. 809 00:33:57,824 --> 00:34:00,496 We post it to their Instagram, Facebook, or YouTube 810 00:34:00,496 --> 00:34:03,084 because you've got all of these brands that are trying 811 00:34:03,084 --> 00:34:05,088 to get in on the viral meme game. 812 00:34:05,088 --> 00:34:07,175 These big brands don't know how to think like we do. 813 00:34:07,175 --> 00:34:09,138 ‐ You now have 30 million followers across 814 00:34:09,138 --> 00:34:11,100 the entire Jerry network. 815 00:34:11,100 --> 00:34:14,816 ‐ The campaign objective is to truly shift mainstream opinion. 816 00:34:14,816 --> 00:34:16,402 ‐ What's up, fam? ‐ He's the CEO. 817 00:34:16,402 --> 00:34:18,782 He's a lot smarter than he looks. 818 00:34:18,782 --> 00:34:22,164 VICKIE: It doesn't surprise me that Fyre would turn 819 00:34:22,164 --> 00:34:25,170 to a social media marketing entity like FuckJerry 820 00:34:25,170 --> 00:34:28,384 because that's what they do best. 821 00:34:31,933 --> 00:34:36,066 OREN: I was on the FuckJerry design team. 822 00:34:36,066 --> 00:34:39,782 The first client that they gave me was Fyre Festival. 823 00:34:39,782 --> 00:34:42,287 This was supposed to be the new Coachella, 824 00:34:42,287 --> 00:34:45,126 the new Burning Man, the new whatever. 825 00:34:45,126 --> 00:34:48,049 And I was designing it. 826 00:34:48,049 --> 00:34:50,763 [light music] 827 00:34:50,763 --> 00:34:53,602 I came to a meeting with Fyre. 828 00:34:53,602 --> 00:34:56,315 In the meeting it was like, uh, you know, two agencies 829 00:34:56,315 --> 00:34:57,944 never met each other but bidding kind of 830 00:34:57,944 --> 00:34:59,989 for the same business. So it was very, like... 831 00:34:59,989 --> 00:35:01,535 [clicks tongue] "Who are you guys?" 832 00:35:01,535 --> 00:35:03,914 Like, "We don't want anything to do with you." 833 00:35:03,914 --> 00:35:06,795 The Fyre team said they wanted to do a music festival 834 00:35:06,795 --> 00:35:09,467 in the Bahamas, but they wanted to do it 835 00:35:09,467 --> 00:35:11,596 in only six months. 836 00:35:11,596 --> 00:35:13,725 I'm like, "Whoa." 837 00:35:13,725 --> 00:35:15,771 [light music dies, restarts] 838 00:35:15,771 --> 00:35:18,025 The second we stepped outside onto the street 839 00:35:18,025 --> 00:35:20,948 with the other agency, it was kind of a quick exchange 840 00:35:20,948 --> 00:35:23,829 of, like‐‐ [exhales sharply] 841 00:35:23,829 --> 00:35:26,250 "This is crazy." 842 00:35:26,250 --> 00:35:29,674 Like, and both of us were like, "This can't happen." 843 00:35:29,674 --> 00:35:31,761 Like, "This will never work." 844 00:35:31,761 --> 00:35:34,266 Saying it out loud on the street just‐‐and being like, 845 00:35:34,266 --> 00:35:37,314 "Well, let's, uh‐‐ let's just do it. 846 00:35:37,314 --> 00:35:39,026 It'll probably be fine." 847 00:35:39,026 --> 00:35:42,115 Like, "We're, you know‐‐ We're both pros at what we do. 848 00:35:42,115 --> 00:35:44,328 What could go wrong?" 849 00:35:44,328 --> 00:35:46,875 ♪ ♪ 850 00:35:46,875 --> 00:35:50,006 JAKE: Billy understood the sense that you need to be part 851 00:35:50,006 --> 00:35:51,927 of this world of status‐‐ that you need to be 852 00:35:51,927 --> 00:35:54,599 where influencers and Instagram stars are. 853 00:35:54,599 --> 00:35:56,478 BEN: And so what did he do? 854 00:35:56,478 --> 00:35:58,482 He stole money from people, basically, 855 00:35:58,482 --> 00:36:00,986 and did a commercial. 856 00:36:00,986 --> 00:36:04,368 MICHAEL: I get a call for a job in the Bahamas. 857 00:36:04,368 --> 00:36:06,915 What they told us was this client was pretty much here 858 00:36:06,915 --> 00:36:08,209 to party. 859 00:36:08,209 --> 00:36:09,963 ‐ Yo, everybody come here. Yo. 860 00:36:09,963 --> 00:36:11,633 ‐ Cameras, get us coming up on him. 861 00:36:11,633 --> 00:36:12,635 ‐ Get right here. ‐ Hey, the cameras‐‐ 862 00:36:12,635 --> 00:36:14,304 ‐ Yo. 863 00:36:14,304 --> 00:36:16,058 ‐ And so we needed to keep it professional and get 864 00:36:16,058 --> 00:36:17,770 the commercial out of the shoot even if things around us 865 00:36:17,770 --> 00:36:19,231 were chaotic. 866 00:36:19,231 --> 00:36:20,651 MAN: When are we leaving? Right now? 867 00:36:20,651 --> 00:36:24,366 MAN: Yeah, we're leaving right now. 868 00:36:24,366 --> 00:36:26,328 ‐ It was one of the more ridiculous, 869 00:36:26,328 --> 00:36:28,625 ambitious creative treatments that I'd seen. 870 00:36:28,625 --> 00:36:31,130 Included on it was, you know, getting the models 871 00:36:31,130 --> 00:36:33,092 swimming with sharks in open water. 872 00:36:33,092 --> 00:36:35,806 That M. I. A. music video on the runway with the cars 873 00:36:35,806 --> 00:36:37,727 where they're all, like, riding sideways‐‐ 874 00:36:37,727 --> 00:36:39,939 we wanted to do something like that with golf carts 875 00:36:39,939 --> 00:36:41,443 on an airplane runway. 876 00:36:41,443 --> 00:36:43,655 ♪ ♪ 877 00:36:43,655 --> 00:36:47,580 Pretty quickly became clear that it was unfeasible. 878 00:36:47,580 --> 00:36:49,207 Everyone kept talking, "When are we gonna go 879 00:36:49,207 --> 00:36:51,295 to the pig island? I'm excited for pig island." 880 00:36:51,295 --> 00:36:54,217 Okay, I guess it's an island with a bunch of pigs. 881 00:36:54,217 --> 00:36:56,514 And as soon as we get there, they're all swimming up 882 00:36:56,514 --> 00:36:57,767 and someone's feeding them beer 883 00:36:57,767 --> 00:36:59,812 and thinks it's funny. 884 00:36:59,812 --> 00:37:01,356 And they're‐‐you know, they're like pigeons 885 00:37:01,356 --> 00:37:03,862 except they're pigs with mouths and teeth. 886 00:37:03,862 --> 00:37:05,783 ‐ [screams] 887 00:37:05,783 --> 00:37:07,661 ‐ [screaming, laughing] 888 00:37:07,661 --> 00:37:08,955 ‐ Oh, my God. 889 00:37:08,955 --> 00:37:10,374 ‐ Get down here. Get down here 890 00:37:10,374 --> 00:37:12,295 Back up, back up. 891 00:37:12,295 --> 00:37:14,592 MICHAEL: Chanel Iman actually fell 'cause she's getting bit 892 00:37:14,592 --> 00:37:16,554 by a pig. 893 00:37:16,554 --> 00:37:19,142 The pigs at one point bit Billy in the balls 894 00:37:19,142 --> 00:37:22,273 and he's running off, and people are just laughing. 895 00:37:22,273 --> 00:37:24,194 And my point guy was Grant. 896 00:37:24,194 --> 00:37:30,916 Um, he was just overly excited about pretty much everything. 897 00:37:30,916 --> 00:37:34,715 DAVE: Somebody had leaked to us this thousand‐word email 898 00:37:34,715 --> 00:37:37,429 that Grant sent out to his staff about how the video 899 00:37:37,429 --> 00:37:39,057 should be scored. 900 00:37:39,057 --> 00:37:41,729 [Ludwig van Beethoven's "Symphony No. 5"] 901 00:37:41,729 --> 00:37:43,859 ♪ ♪ 902 00:37:43,859 --> 00:37:47,700 [man screaming] 903 00:37:47,700 --> 00:37:51,666 Someone created a composition based on it, 904 00:37:51,666 --> 00:37:53,795 and this is the actual piece. 905 00:37:53,795 --> 00:37:57,135 I'm going to read the actual letter. 906 00:37:57,135 --> 00:37:59,515 [voice overlapping] "I want to use odd meters 907 00:37:59,515 --> 00:38:01,018 and compounded time signatures." 908 00:38:01,018 --> 00:38:02,438 "Global music elements." 909 00:38:02,438 --> 00:38:03,607 "Extremely constant key signatures." 910 00:38:03,607 --> 00:38:04,942 He mentioned using a xylophone; 911 00:38:04,942 --> 00:38:06,738 a surdo, which is a Brazilian drum; 912 00:38:06,738 --> 00:38:10,286 "tiko drums," especially during the "more exploratory 913 00:38:10,286 --> 00:38:11,956 elements" of the composition. 914 00:38:11,956 --> 00:38:13,543 [upbeat music] 915 00:38:13,543 --> 00:38:17,342 It just reeks of disconnection from reality. 916 00:38:17,342 --> 00:38:18,762 ♪ ♪ 917 00:38:18,762 --> 00:38:21,517 OREN: Once video production was done, 918 00:38:21,517 --> 00:38:23,897 FuckJerry has to market this thing. 919 00:38:23,897 --> 00:38:27,613 My whole idea was like, stop the Internet. 920 00:38:27,613 --> 00:38:29,533 And so to do that, you have to kind of 921 00:38:29,533 --> 00:38:33,875 figure out a way, in this time of advertising, how to 922 00:38:33,875 --> 00:38:37,549 stop somebody who's scrolling at speeds that are like‐‐ 923 00:38:37,549 --> 00:38:39,428 you have less than a second, most times. 924 00:38:39,428 --> 00:38:40,973 Every influencer that you follow, 925 00:38:40,973 --> 00:38:44,312 every art account, every food page, 926 00:38:44,312 --> 00:38:46,901 whatever they're posting is not neon orange. 927 00:38:46,901 --> 00:38:48,446 That's a stopper. 928 00:38:48,446 --> 00:38:51,368 That's gonna stop as fast as you're scrolling. 929 00:38:51,368 --> 00:38:53,205 And now I've got your attention. 930 00:38:53,205 --> 00:38:56,713 ‐ We think about visual disruption all the time. 931 00:38:56,713 --> 00:38:59,134 You have a ton of sameness in your feed, 932 00:38:59,134 --> 00:39:02,975 and something like an orange square creates pause. 933 00:39:02,975 --> 00:39:06,315 BILLY: We had 400 musicians, athletes, models, 934 00:39:06,315 --> 00:39:10,031 actors at the same time post this orange tile to Instagram. 935 00:39:10,031 --> 00:39:12,828 OREN: And everyone that you love and follow is now 936 00:39:12,828 --> 00:39:14,874 feeding into it, and you're going crazy. 937 00:39:14,874 --> 00:39:16,627 You need the answers. 938 00:39:16,627 --> 00:39:18,088 BILLY: Our target customers when they were browsing 939 00:39:18,088 --> 00:39:19,090 their Instagram feed, they were like, 940 00:39:19,090 --> 00:39:20,552 "What is this? 941 00:39:20,552 --> 00:39:22,431 Why is there orange all over my feed?" 942 00:39:22,431 --> 00:39:24,894 CALVIN: These guys figured out a way to optimize 943 00:39:24,894 --> 00:39:27,023 social media‐‐ almost weaponize it. 944 00:39:27,023 --> 00:39:28,860 OREN: When you click the orange tile, 945 00:39:28,860 --> 00:39:30,989 it linked to the video. 946 00:39:30,989 --> 00:39:32,785 And it worked perfectly. 947 00:39:32,785 --> 00:39:34,914 JAKE: Almost immediately, the promo video 948 00:39:34,914 --> 00:39:36,542 goes completely viral. 949 00:39:36,542 --> 00:39:39,673 MAN: The actual experience exceeds all expectations 950 00:39:39,673 --> 00:39:42,136 and is something that's hard to put into words. 951 00:39:42,136 --> 00:39:47,021 All these things that may seem big and impossible are not. 952 00:39:47,021 --> 00:39:49,610 It gives people that type of energy. 953 00:39:49,610 --> 00:39:52,031 That type of power. 954 00:39:52,031 --> 00:39:55,539 JIA: The promo video was perfectly generic fantasia 955 00:39:55,539 --> 00:39:58,962 of what an Instagram come to life would be. 956 00:39:58,962 --> 00:40:04,557 It was nothing but backdrop, like, montage‐friendly bliss. 957 00:40:04,557 --> 00:40:08,188 EMILY: The boat is going across the blue waters of the Exuma 958 00:40:08,188 --> 00:40:10,109 and all of these, like, really hot models are, like, 959 00:40:10,109 --> 00:40:12,531 dancing around and then there's just random white guys there 960 00:40:12,531 --> 00:40:14,159 for, like, who knows what reason. 961 00:40:14,159 --> 00:40:16,413 CALVIN: Beautiful women on a deserted island? 962 00:40:16,413 --> 00:40:18,835 Yeah, 100%, I'm going. Take my money. 963 00:40:18,835 --> 00:40:20,797 Here, I‐‐I will throw my credit card at it. 964 00:40:20,797 --> 00:40:23,302 DAVE: You see these super models on jet skis 965 00:40:23,302 --> 00:40:25,849 and you're thinking like, "Wow, I really want to be there." 966 00:40:25,849 --> 00:40:28,353 CALVIN: It was going to be on a deserted island 967 00:40:28,353 --> 00:40:30,024 owned by Pablo Escobar. 968 00:40:30,024 --> 00:40:32,654 Man, that's about as sexy as it gets. 969 00:40:32,654 --> 00:40:35,159 OREN: Pablo Escobar's actually, like, a criminal 970 00:40:35,159 --> 00:40:37,413 who's murdered people brutally. 971 00:40:37,413 --> 00:40:40,127 And I was getting messages‐‐ again on Instagram‐‐ 972 00:40:40,127 --> 00:40:42,841 private messages from people telling me their parents 973 00:40:42,841 --> 00:40:45,430 were murdered by Pablo Escobar, and I'm the‐‐ 974 00:40:45,430 --> 00:40:47,893 I'm the social media guy. What am I supposed to... 975 00:40:47,893 --> 00:40:50,482 [dramatic music] 976 00:40:50,482 --> 00:40:53,821 CALVIN: Then Billy convinces Kendall Jenner, 977 00:40:53,821 --> 00:40:56,827 one of the largest influencers in the world, 978 00:40:56,827 --> 00:40:59,833 to post about the Fyre Festival. 979 00:40:59,833 --> 00:41:02,881 VICKIE: Kendall Jenner is defining a generation. 980 00:41:02,881 --> 00:41:06,764 She can take a brand from zero awareness 981 00:41:06,764 --> 00:41:09,269 to a brand that has a phenomenal amount 982 00:41:09,269 --> 00:41:12,108 of brand equity with one social media post. 983 00:41:12,108 --> 00:41:15,114 CALVIN: By some accounts, she gets paid $250,000 984 00:41:15,114 --> 00:41:16,241 per post. 985 00:41:16,241 --> 00:41:18,328 ‐ I think 250's a steal. 986 00:41:18,328 --> 00:41:20,500 ‐ To, like, post how many Instagrams? 987 00:41:20,500 --> 00:41:22,504 One? 988 00:41:22,504 --> 00:41:24,340 CALVIN: The point of Kendall's post was to announce 989 00:41:24,340 --> 00:41:28,474 that G. O. O. D. Music was involved with the festival. 990 00:41:28,474 --> 00:41:31,814 OREN: But there was this huge meltdown on the Fyre side. 991 00:41:31,814 --> 00:41:34,486 "We're ready to go." Everyone's freaking out. 992 00:41:34,486 --> 00:41:35,822 "No, hold on. Hold on." 993 00:41:35,822 --> 00:41:38,828 "Launch it." "No, don't"‐‐like... 994 00:41:38,828 --> 00:41:41,124 we eventually got it up. 995 00:41:41,124 --> 00:41:43,838 CALVIN: And so when she does post about the Fyre Festival, 996 00:41:43,838 --> 00:41:46,384 she gets millions of impressions. 997 00:41:46,384 --> 00:41:49,307 So the presupposition, at least on social media, 998 00:41:49,307 --> 00:41:52,021 was that Kanye was gonna be performing at this festival. 999 00:41:52,021 --> 00:41:55,194 DAVE: Who would wanna miss seeing Kanye in the Bahamas 1000 00:41:55,194 --> 00:41:57,323 with Kendall Jenner? I mean, talk about 1001 00:41:57,323 --> 00:41:58,534 the FOMO movement. 1002 00:41:58,534 --> 00:42:00,245 Like, it elevated it to a ten. 1003 00:42:00,245 --> 00:42:03,126 ‐ I had influencers begging to go 1004 00:42:03,126 --> 00:42:06,132 because all the other influencers are going. 1005 00:42:06,132 --> 00:42:07,886 CALVIN: You're in Lower Manhattan, 1006 00:42:07,886 --> 00:42:09,598 where you're freezing. 1007 00:42:09,598 --> 00:42:12,019 You got an election that just upended 1008 00:42:12,019 --> 00:42:13,606 the political environment. 1009 00:42:13,606 --> 00:42:15,777 The thing that you're absolutely focused on 1010 00:42:15,777 --> 00:42:17,906 is escaping from that. 1011 00:42:17,906 --> 00:42:20,537 And so people are dying to be a part of something 1012 00:42:20,537 --> 00:42:22,624 that was going to be the‐‐ the Woodstock 1013 00:42:22,624 --> 00:42:25,045 of the millennial generation. 1014 00:42:25,045 --> 00:42:27,133 ‐ People would message me things like, 1015 00:42:27,133 --> 00:42:31,266 "I quit my job because my boss wouldn't give me time off." 1016 00:42:31,266 --> 00:42:34,397 "I sold, like, everything I own." 1017 00:42:34,397 --> 00:42:37,319 And just listing all these crazy actions that they took 1018 00:42:37,319 --> 00:42:42,664 just to go to this fantasy island festival. 1019 00:42:42,664 --> 00:42:45,002 But there was nothing built. 1020 00:42:46,922 --> 00:42:48,718 JAKE: And mind you, this is January, 1021 00:42:48,718 --> 00:42:51,640 so there's only four months to actually pull this off. 1022 00:42:51,640 --> 00:42:53,811 ♪ ♪ 1023 00:42:53,811 --> 00:42:56,399 CALVIN: You could not produce a festival on a deserted island 1024 00:42:56,399 --> 00:43:00,700 in a foreign country with such a truncated time frame. 1025 00:43:00,700 --> 00:43:02,411 It's not going to happen. 1026 00:43:02,411 --> 00:43:05,919 ‐ Billy started panicking. Billy's like, "No. Shit." 1027 00:43:05,919 --> 00:43:09,760 He said, "Listen, people are actually buying into it, 1028 00:43:09,760 --> 00:43:12,306 so‐‐so we have to have a festival." 1029 00:43:12,306 --> 00:43:16,064 New Year's Eve, we had a dinner party in Staniel Cay. 1030 00:43:16,064 --> 00:43:19,028 ‐ Here's to living like movie stars, 1031 00:43:19,028 --> 00:43:23,411 partying like rock stars. Billy? 1032 00:43:23,411 --> 00:43:25,332 BILLY: And fucking like porn stars. 1033 00:43:25,332 --> 00:43:29,591 [laughter] 1034 00:43:29,591 --> 00:43:32,597 [excited chatter] 1035 00:43:33,139 --> 00:43:35,227 DELROY: After everybody got done, I stood up. 1036 00:43:35,227 --> 00:43:37,106 I said, "Okay, can I have some‐‐ 1037 00:43:37,106 --> 00:43:40,279 like, a moment of silence?" It's like, "Yeah. What's up?" 1038 00:43:40,279 --> 00:43:44,287 I said, "Okay, everybody, wine, dine, eat, drink. 1039 00:43:44,287 --> 00:43:47,084 "Who didn't fuck got suck? Who didn't suck 1040 00:43:47,084 --> 00:43:49,798 "had a good fuck? Good. 1041 00:43:49,798 --> 00:43:51,844 "Now as of tomorrow, 1042 00:43:51,844 --> 00:43:54,516 "you guys need to start making your phone calls, 1043 00:43:54,516 --> 00:43:56,227 "dealing with the festival 1044 00:43:56,227 --> 00:43:59,275 to get this shit to start coming in now." 1045 00:43:59,275 --> 00:44:00,945 Everybody looked at me, and they laughed. 1046 00:44:00,945 --> 00:44:03,241 They said, "Delroy, sit down, man." 1047 00:44:03,241 --> 00:44:05,078 They said, "Why are you so worried? 1048 00:44:05,078 --> 00:44:08,043 We got this. We're straight. We're good with this, man." 1049 00:44:08,043 --> 00:44:09,963 I'm like, "Okay." 1050 00:44:09,963 --> 00:44:12,259 ♪ ♪ 1051 00:44:12,259 --> 00:44:13,930 JAKE: As it turns out, 1052 00:44:13,930 --> 00:44:16,184 Billy doesn't actually have a site for the festival. 1053 00:44:16,184 --> 00:44:18,898 So Billy goes island shopping. 1054 00:44:18,898 --> 00:44:22,154 [dreamy ukulele music] 1055 00:44:22,154 --> 00:44:24,158 CALVIN: You know, Johnny Depp has an island. 1056 00:44:24,158 --> 00:44:27,999 Richard Branson has an island. 1057 00:44:27,999 --> 00:44:33,093 An island is a very aspirational thing to own. 1058 00:44:33,093 --> 00:44:34,680 But in the Bahamas, 1059 00:44:34,680 --> 00:44:37,602 buying an island is sort of an involved process. 1060 00:44:37,602 --> 00:44:39,523 Under a truncated time frame, 1061 00:44:39,523 --> 00:44:41,150 if you had all the money in the world, 1062 00:44:41,150 --> 00:44:43,447 it takes several months, if not years. 1063 00:44:43,447 --> 00:44:45,702 AVA: If any investors had really done 1064 00:44:45,702 --> 00:44:47,706 any real sort of research, they would've realized 1065 00:44:47,706 --> 00:44:50,210 that there's not really much infrastructure here, 1066 00:44:50,210 --> 00:44:52,465 so they would have to create all of the infrastructure. 1067 00:44:52,465 --> 00:44:57,141 We're looking at a year of planning and construction. 1068 00:44:57,141 --> 00:44:59,061 CALVIN: You don't buy an island in February 1069 00:44:59,061 --> 00:45:01,942 to then host a party in April. 1070 00:45:01,942 --> 00:45:03,946 That is an impossible thing to do. 1071 00:45:03,946 --> 00:45:05,950 ♪ ♪ 1072 00:45:05,950 --> 00:45:07,369 JAKE: According to our accounts, 1073 00:45:07,369 --> 00:45:09,791 Billy hops on his jet with a cook 1074 00:45:09,791 --> 00:45:13,381 who claims the perfect island is actually Great Exuma. 1075 00:45:13,381 --> 00:45:16,095 [swanky music] 1076 00:45:16,095 --> 00:45:19,644 AVA: Exuma is one of the more bustling islands. 1077 00:45:19,644 --> 00:45:21,690 For Bahamians, our hospitality‐‐ 1078 00:45:21,690 --> 00:45:25,698 our ability to be great hosts‐‐ is a part of our pride. 1079 00:45:25,698 --> 00:45:27,284 CALVIN: It actually has an airport; 1080 00:45:27,284 --> 00:45:29,539 there's an established hotel; 1081 00:45:29,539 --> 00:45:32,044 there is some infrastructure; but the problem is, 1082 00:45:32,044 --> 00:45:34,381 this site is a complete gravel pit. 1083 00:45:34,381 --> 00:45:36,970 ♪ ♪ 1084 00:45:36,970 --> 00:45:39,810 AVA: It's nothing like that trailer that they shot. 1085 00:45:39,810 --> 00:45:44,318 It's just very barren and just very concrete rubble. 1086 00:45:44,318 --> 00:45:47,867 CALVIN: When they posted the photo of the island, 1087 00:45:47,867 --> 00:45:50,623 it's like, "Here's Fyre Island!" 1088 00:45:50,623 --> 00:45:52,961 And I found that this is a parking lot 1089 00:45:52,961 --> 00:45:54,798 on an undeveloped portion 1090 00:45:54,798 --> 00:45:58,096 outside of Sandals Emerald Bay resort. 1091 00:45:58,096 --> 00:46:00,142 If you Google "Sandals Emerald Bay," 1092 00:46:00,142 --> 00:46:03,022 you will also find "Fyre Island." 1093 00:46:03,022 --> 00:46:05,486 ♪ ♪ 1094 00:46:05,486 --> 00:46:09,452 I mean that‐‐that‐‐genius. 1095 00:46:09,452 --> 00:46:11,330 I'm seeing these things, and it's like, 1096 00:46:11,330 --> 00:46:13,001 "This is getting ridiculous." Like, "These guys are lying. 1097 00:46:13,001 --> 00:46:15,088 This is‐‐no way this is going on." 1098 00:46:15,088 --> 00:46:17,342 ‐ Anyone who'd ever been involved with event production 1099 00:46:17,342 --> 00:46:19,138 would have understood that this wasn't possible. 1100 00:46:19,138 --> 00:46:20,433 Like, a wedding planner would have known, like, 1101 00:46:20,433 --> 00:46:22,896 "Absolutely no way." 1102 00:46:22,896 --> 00:46:25,108 DANIEL: My first job for Fyre Festival 1103 00:46:25,108 --> 00:46:27,614 was just an assessment for them. 1104 00:46:27,614 --> 00:46:31,287 The scale of this project was enormous, 1105 00:46:31,287 --> 00:46:34,293 but typically, you'd have this kind of planning effort 1106 00:46:34,293 --> 00:46:39,178 around a festival of this scale 18 months in advance, 1107 00:46:39,178 --> 00:46:42,267 not four months in advance. 1108 00:46:42,267 --> 00:46:44,021 FELIX: When I was brought onboard, 1109 00:46:44,021 --> 00:46:46,902 we were a month and a half out. 1110 00:46:46,902 --> 00:46:48,363 I don't know how they thought 1111 00:46:48,363 --> 00:46:49,991 that we were gonna be able to do this. 1112 00:46:49,991 --> 00:46:51,244 I‐‐I just don't know. 1113 00:46:51,244 --> 00:46:52,747 And if it was gonna happen, 1114 00:46:52,747 --> 00:46:55,043 we were gonna have to work 24‐hour days. 1115 00:46:55,043 --> 00:46:57,172 HENRY: We tried to pick up our pace. 1116 00:46:57,172 --> 00:46:58,801 We started to work day and night. 1117 00:46:58,801 --> 00:47:00,930 Some days, I came off the site 1118 00:47:00,930 --> 00:47:03,686 at 3:00 at night and I went back at 7:00. 1119 00:47:03,686 --> 00:47:05,606 NICK: I was brought on to be a general store manager 1120 00:47:05,606 --> 00:47:07,276 and a sourcing coordinator. 1121 00:47:07,276 --> 00:47:09,656 We were all working 18‐hour days, 19‐hour days. 1122 00:47:09,656 --> 00:47:13,121 I was sleeping an average of three hours a night. 1123 00:47:13,121 --> 00:47:16,545 JAKE: Another huge problem is that the two weekends 1124 00:47:16,545 --> 00:47:18,549 that Billy has chosen for the festival 1125 00:47:18,549 --> 00:47:22,264 happen to coincide with the Exuma Family Regatta... 1126 00:47:22,264 --> 00:47:24,226 [dramatic music] 1127 00:47:24,226 --> 00:47:25,813 Which is a sailing regatta. 1128 00:47:25,813 --> 00:47:28,234 It's the biggest event that happens annually. 1129 00:47:28,234 --> 00:47:31,616 DONALD: We have the national regatta going on. 1130 00:47:31,616 --> 00:47:33,369 That's bigger than Christmas here. 1131 00:47:33,369 --> 00:47:38,505 ♪ ♪ 1132 00:47:38,505 --> 00:47:40,133 ‐ The organizer was told, 1133 00:47:40,133 --> 00:47:43,222 "This is not the right time to do this." 1134 00:47:43,222 --> 00:47:45,101 JAKE: The problem is, with this regatta, 1135 00:47:45,101 --> 00:47:46,521 there's not gonna be any cars. 1136 00:47:46,521 --> 00:47:47,732 There's not gonna be any hotels. 1137 00:47:47,732 --> 00:47:49,276 It'll be difficult to host 1138 00:47:49,276 --> 00:47:50,988 thousands of people for the festival. 1139 00:47:50,988 --> 00:47:52,700 [tense music] 1140 00:47:52,700 --> 00:47:54,370 He's warned that he should cancel it‐‐ 1141 00:47:54,370 --> 00:47:57,250 that it just can't come together. 1142 00:47:57,250 --> 00:48:01,342 DELROY: And Ja Rule came down, and he saw it for himself. 1143 00:48:01,342 --> 00:48:03,931 He pulled me aside. He's like, "Yo, Delroy. 1144 00:48:03,931 --> 00:48:05,976 "Just be straight up, dawg. 1145 00:48:05,976 --> 00:48:08,774 Is this festival gonna happen? What'd you think?" 1146 00:48:08,774 --> 00:48:10,528 All I did was just scratch my head. 1147 00:48:10,528 --> 00:48:14,243 I was just like, "Ja, it's really not gonna happen." 1148 00:48:14,243 --> 00:48:17,792 ‐ Here's to living life... [laughter] 1149 00:48:17,792 --> 00:48:20,380 Like motherfucking movie stars. 1150 00:48:20,380 --> 00:48:24,931 MAN: So Ja Rule didn't know anything that was going on? 1151 00:48:24,931 --> 00:48:26,643 ‐ I was in charge of the festival, 1152 00:48:26,643 --> 00:48:30,651 and I made the decision to keep it going‐‐to‐‐to‐‐ 1153 00:48:30,651 --> 00:48:33,030 to‐‐I was in charge, and so it's on me. 1154 00:48:33,030 --> 00:48:34,784 But...yeah. 1155 00:48:34,784 --> 00:48:37,874 MAN: But he was there with you on the island frequently. 1156 00:48:37,874 --> 00:48:39,544 ‐ Uh, he‐‐yup, he was on the island. 1157 00:48:39,544 --> 00:48:41,255 MAN: Did he tell you, "Billy, we can't do this. 1158 00:48:41,255 --> 00:48:44,136 We need to cancel"? 1159 00:48:44,136 --> 00:48:45,514 ‐ I'm not gonna talk about 1160 00:48:45,514 --> 00:48:47,100 our different private conversations, 1161 00:48:47,100 --> 00:48:48,812 but, you know, we've had many conversations, 1162 00:48:48,812 --> 00:48:50,273 as well as I did with the rest of the team, 1163 00:48:50,273 --> 00:48:54,072 and those were the decisions we made. 1164 00:48:54,072 --> 00:48:56,786 CALVIN: And so they didn't cancel the festival, 1165 00:48:56,786 --> 00:49:00,628 but what happened is the story kept getting bigger. 1166 00:49:00,628 --> 00:49:03,759 And then people I knew, you know, 1167 00:49:03,759 --> 00:49:07,224 you know, started buying GA passes. 1168 00:49:07,224 --> 00:49:09,061 But what I think Billy figured out very quickly 1169 00:49:09,061 --> 00:49:11,650 was that he was not gonna be able to throw this festival 1170 00:49:11,650 --> 00:49:13,570 with the number of people that were buying GA passes 1171 00:49:13,570 --> 00:49:15,198 for the cost that he thought it was gonna be. 1172 00:49:16,535 --> 00:49:19,373 And so ultimately, they just said, "Well, it's sold out, 1173 00:49:19,373 --> 00:49:21,085 "so the only thing that you can buy now 1174 00:49:21,085 --> 00:49:23,381 are the premium passes." 1175 00:49:23,381 --> 00:49:28,015 ‐ So Grant designed these, like, villas. 1176 00:49:28,015 --> 00:49:32,357 ♪ ♪ 1177 00:49:32,357 --> 00:49:34,445 I think he just used AutoCAD. 1178 00:49:34,445 --> 00:49:37,451 [pinging and beeping] 1179 00:49:39,246 --> 00:49:41,876 CALVIN: And the whole thing sort of became an ad hoc 1180 00:49:41,876 --> 00:49:43,922 "We're gonna sell one of one for this. 1181 00:49:43,922 --> 00:49:46,343 We have two villas available for this." 1182 00:49:46,343 --> 00:49:48,890 You know, "The Dolphin Villa is available 1183 00:49:48,890 --> 00:49:50,686 for $25,000." 1184 00:49:50,686 --> 00:49:56,823 DAVE: I remember there was a $250,000 package. 1185 00:49:56,823 --> 00:49:58,619 ‐ But those villas did not exist‐‐ 1186 00:49:58,619 --> 00:50:00,163 the ones that had been marketed 1187 00:50:00,163 --> 00:50:02,501 just straight up weren't‐‐ not even there. 1188 00:50:02,501 --> 00:50:04,756 JIA: Billy might have very well believed, you know, like, 1189 00:50:04,756 --> 00:50:07,052 "There's gotta be some company that'll set up a villa 1190 00:50:07,052 --> 00:50:09,348 for me for super cheap." I mean, it's like, 1191 00:50:09,348 --> 00:50:11,978 "Why can't we Amazon Prime this or something?" 1192 00:50:11,978 --> 00:50:15,151 [awkward music] 1193 00:50:15,151 --> 00:50:17,364 JAKE: These guys were just selling villas 1194 00:50:17,364 --> 00:50:19,535 because they needed another $25,000 1195 00:50:19,535 --> 00:50:22,415 to pay the production and stage guys. 1196 00:50:22,415 --> 00:50:26,173 JAKE: In fact, very quickly after the festival, 1197 00:50:26,173 --> 00:50:29,722 I acquired a trove of thousands of emails 1198 00:50:29,722 --> 00:50:33,020 detailing the inner workings of the Fyre Festival. 1199 00:50:33,020 --> 00:50:35,442 What they show is that right around this time, 1200 00:50:35,442 --> 00:50:38,615 Billy is so short of cash and he's trying desperately 1201 00:50:38,615 --> 00:50:40,619 to figure out how to pay everybody off 1202 00:50:40,619 --> 00:50:44,126 that he begins engaging in criminal acts and wire fraud. 1203 00:50:44,126 --> 00:50:45,629 He's securing services 1204 00:50:45,629 --> 00:50:48,134 by promising vendors wire transfers. 1205 00:50:48,134 --> 00:50:51,641 He's sending screenshots of a confirmation page 1206 00:50:51,641 --> 00:50:53,562 but the tracking number is cut off 1207 00:50:53,562 --> 00:50:56,108 and he's not really wiring the money. 1208 00:50:56,108 --> 00:50:58,320 ♪ ♪ 1209 00:50:58,320 --> 00:51:00,283 ‐ It just seemed like every day, 1210 00:51:00,283 --> 00:51:03,832 we'd wake up with an issue, solve it by the next morning, 1211 00:51:03,832 --> 00:51:05,461 and then a new one would pop up, 1212 00:51:05,461 --> 00:51:08,340 and it was just playing this Whac‐a‐Mole game 1213 00:51:08,340 --> 00:51:10,011 where we kept solving the problems, 1214 00:51:10,011 --> 00:51:11,848 kept solving the problems, kept solving the problems 1215 00:51:11,848 --> 00:51:14,771 and I guess gained a little bit of confidence from that, 1216 00:51:14,771 --> 00:51:16,524 thinking everything in the world was solvable. 1217 00:51:16,524 --> 00:51:21,158 ♪ ♪ 1218 00:51:21,158 --> 00:51:22,953 CALVIN: And then I started hitting up 1219 00:51:22,953 --> 00:51:25,249 my friends in the music industry who were announced 1220 00:51:25,249 --> 00:51:29,550 as headliners at the festival, saying, "Are you being paid?" 1221 00:51:29,550 --> 00:51:31,345 DAVE: They had Blink‐182. 1222 00:51:31,345 --> 00:51:33,265 Major Lazer was playing. 1223 00:51:33,265 --> 00:51:35,353 Diplo. Lil Yachty. 1224 00:51:35,353 --> 00:51:37,398 And you had G. O. O. D. Music. 1225 00:51:37,398 --> 00:51:39,529 All these really big artists 1226 00:51:39,529 --> 00:51:43,285 are gonna demand payment upfront. 1227 00:51:43,285 --> 00:51:45,122 ‐ And the information I'm getting from them is, 1228 00:51:45,122 --> 00:51:47,920 "No, they're not paying on the terms that we disclosed." 1229 00:51:47,920 --> 00:51:50,592 ‐ I spoke to a number of agents who said 1230 00:51:50,592 --> 00:51:54,057 Fyre Festival went into breach almost from day one, 1231 00:51:54,057 --> 00:51:56,896 were not making payments, following wire instructions, 1232 00:51:56,896 --> 00:51:59,401 it was late, there were excuses. 1233 00:51:59,401 --> 00:52:03,325 CALVIN: So I'm watching this thing unfold from afar, 1234 00:52:03,325 --> 00:52:05,747 but what I didn't know was that 1235 00:52:05,747 --> 00:52:09,422 the festival was basically just a big promotion 1236 00:52:09,422 --> 00:52:15,308 for Billy and Ja's bigger idea, which was the Fyre app. 1237 00:52:15,308 --> 00:52:18,022 CALVIN: The Fyre app is a booking app 1238 00:52:18,022 --> 00:52:21,696 so you can rent out celebrities to appear at your events, 1239 00:52:21,696 --> 00:52:23,617 and I think this was sort of 1240 00:52:23,617 --> 00:52:25,954 the Tinder for booking talent. 1241 00:52:25,954 --> 00:52:28,835 You'd swipe right and make an offer on Coldplay, 1242 00:52:28,835 --> 00:52:31,048 and Coldplay would either accept and swipe right 1243 00:52:31,048 --> 00:52:33,385 or swipe left on you, and then 1244 00:52:33,385 --> 00:52:36,058 you guys would be linked and then, you know, 1245 00:52:36,058 --> 00:52:38,939 you'd have them playing at Timmy's bar mitzvah. 1246 00:52:40,859 --> 00:52:43,531 A very dear friend sent me a term sheet 1247 00:52:43,531 --> 00:52:46,119 from Comcast Ventures to Fyre Media. 1248 00:52:47,623 --> 00:52:50,921 It was for a significant amount of money‐‐ 1249 00:52:50,921 --> 00:52:53,342 a really meaningful valuation. 1250 00:52:53,342 --> 00:52:56,891 But he was just indicating that 1251 00:52:56,891 --> 00:53:00,440 the app was far more profitable than it actually was. 1252 00:53:00,440 --> 00:53:02,235 And that's really when it turned from something 1253 00:53:02,235 --> 00:53:04,699 of rich millennials getting picked off 1254 00:53:04,699 --> 00:53:10,042 to something that became, like, a significant financial crime. 1255 00:53:10,042 --> 00:53:12,548 And so at this point, 1256 00:53:12,548 --> 00:53:15,804 I have a thesis that this is a fraud. 1257 00:53:15,804 --> 00:53:19,060 So I called Comcast Ventures, and I said, "Look, 1258 00:53:19,060 --> 00:53:21,273 "you gotta trust me. It's not legitimate. 1259 00:53:21,273 --> 00:53:23,193 "Just do me this favor. 1260 00:53:23,193 --> 00:53:26,617 "Promise me that you won't write a check to this company 1261 00:53:26,617 --> 00:53:29,414 until after the festival occurs." 1262 00:53:29,414 --> 00:53:34,257 And to their credit, you know, they ultimately didn't invest. 1263 00:53:34,257 --> 00:53:36,804 But still, more tickets are getting sold. 1264 00:53:36,804 --> 00:53:39,267 And the more money people were spending on this thing, 1265 00:53:39,267 --> 00:53:41,564 you know, the more I felt like, 1266 00:53:41,564 --> 00:53:43,985 "Hey, someone has got to stand up and say, 1267 00:53:43,985 --> 00:53:46,783 'This isn't real.'" And so I created 1268 00:53:46,783 --> 00:53:52,461 the anonymous Twitter account FyreFraud, 1269 00:53:52,461 --> 00:53:55,592 and I just started posting what I knew to be factual. 1270 00:53:55,592 --> 00:54:00,101 ♪ ♪ 1271 00:54:00,101 --> 00:54:02,481 OREN: We would sit in meetings with the Fyre team, 1272 00:54:02,481 --> 00:54:05,487 and we advised them to stay away from Twitter 1273 00:54:05,487 --> 00:54:06,697 because there was, like, an account 1274 00:54:06,697 --> 00:54:08,283 that basically called them out. 1275 00:54:08,283 --> 00:54:10,789 The guy would start talking to other people 1276 00:54:10,789 --> 00:54:13,461 and connecting dots together in the comments. 1277 00:54:19,640 --> 00:54:22,145 And I think everyone in the room kind of had, like, 1278 00:54:22,145 --> 00:54:24,775 a little thing on their mind, like, "Yeah, you're right." 1279 00:54:24,775 --> 00:54:26,863 Like, "How is this gonna work?" 1280 00:54:26,863 --> 00:54:29,367 How are 20,000 people getting to this island 1281 00:54:29,367 --> 00:54:31,539 when you're pitching it as 1282 00:54:31,539 --> 00:54:34,085 Cessna planes are what's bringing you there? 1283 00:54:34,085 --> 00:54:37,258 People are like, "Eh, someone will figure it out." 1284 00:54:37,258 --> 00:54:39,012 Like, "It's fine." 1285 00:54:39,012 --> 00:54:40,557 This cliff is really high. 1286 00:54:40,557 --> 00:54:41,893 If people are drunk, 1287 00:54:41,893 --> 00:54:43,605 they could just fall into this water. 1288 00:54:43,605 --> 00:54:46,234 They didn't even think, like, "Maybe we need a fence." 1289 00:54:46,234 --> 00:54:48,030 I would say, "Where's the beach?" 1290 00:54:48,030 --> 00:54:50,744 And they'd be like, "Oh, the beach is five miles away." 1291 00:54:50,744 --> 00:54:55,837 We'd be like, "Oh...uh... 1292 00:54:55,837 --> 00:54:59,511 "this could actually be, like, a failure, I think. 1293 00:54:59,511 --> 00:55:01,056 Could it?" And everyone would be like, 1294 00:55:01,056 --> 00:55:02,559 "Could it? Could it?" 1295 00:55:02,559 --> 00:55:05,440 VICKIE: If you're a business partner in this 1296 00:55:05,440 --> 00:55:07,861 and you have the information 1297 00:55:07,861 --> 00:55:09,865 that this is gonna be a shitstorm, 1298 00:55:09,865 --> 00:55:11,409 you should tell somebody. 1299 00:55:11,409 --> 00:55:16,252 OREN: So there were a few vendors who dropped out. 1300 00:55:16,252 --> 00:55:18,048 For everybody, this is a red flag. 1301 00:55:18,048 --> 00:55:20,302 This is one of those things that you kind of question, 1302 00:55:20,302 --> 00:55:23,559 "If they're doing something, why aren't we?" 1303 00:55:23,559 --> 00:55:27,024 But it would always come back to, like, "Nah," and... 1304 00:55:28,695 --> 00:55:31,617 VICKIE: If it were my agency and I didn't think 1305 00:55:31,617 --> 00:55:33,454 that this was something I could put my name behind, 1306 00:55:33,454 --> 00:55:35,709 I would've dropped out. 1307 00:55:35,709 --> 00:55:37,921 OREN: There's so much momentum, 1308 00:55:37,921 --> 00:55:39,717 so much money, so much force behind everything 1309 00:55:39,717 --> 00:55:44,017 that it's like, "This train's not stopping." 1310 00:55:46,146 --> 00:55:47,607 CALVIN: You can say in hindsight 1311 00:55:47,607 --> 00:55:49,152 that this is very easily a fraud, 1312 00:55:49,152 --> 00:55:51,364 but there's a point at which I questioned, 1313 00:55:51,364 --> 00:55:53,995 like, "Am I wrong? Am I crazy?" 1314 00:55:53,995 --> 00:55:56,041 I needed some of the validation 1315 00:55:56,041 --> 00:55:59,172 that an actual journalist could provide, 1316 00:55:59,172 --> 00:56:02,219 so I called "The Wall Street Journal," 1317 00:56:02,219 --> 00:56:04,767 and I say, "Here's everything I know. 1318 00:56:04,767 --> 00:56:06,771 You need to put a stop to this thing," 1319 00:56:06,771 --> 00:56:11,572 because these guys were not running an honest operation. 1320 00:56:11,572 --> 00:56:14,410 And they printed it in "The Wall Street Journal." 1321 00:56:14,410 --> 00:56:17,459 Okay, I've done my civic duty. We have killed this thing. 1322 00:56:17,459 --> 00:56:20,799 That's good enough for me. And I was wrong. 1323 00:56:20,799 --> 00:56:22,636 They were unfazed. 1324 00:56:22,636 --> 00:56:24,473 In fact, they were only emboldened. 1325 00:56:24,473 --> 00:56:26,852 They hit back with a counterpunch 1326 00:56:26,852 --> 00:56:30,317 of what can only be described as a social media blitz. 1327 00:56:30,317 --> 00:56:32,531 Somebody would post a question on the thing. 1328 00:56:32,531 --> 00:56:34,660 The question would immediately get deleted. 1329 00:56:34,660 --> 00:56:37,916 ‐ Anytime there would be anything that was "distasteful" 1330 00:56:37,916 --> 00:56:40,337 or calling Fyre out on anything. 1331 00:56:40,337 --> 00:56:41,757 It was always a matter of, 1332 00:56:41,757 --> 00:56:44,262 "Go to that source and eliminate it." 1333 00:56:44,262 --> 00:56:46,559 ‐ If you're asked, as a media company, 1334 00:56:46,559 --> 00:56:49,731 to start deleting things, you‐‐that's a red flag. 1335 00:56:49,731 --> 00:56:51,694 OREN: Instantly flagged words about "lineup, 1336 00:56:51,694 --> 00:56:55,994 "lineups, performers, details, info, 1337 00:56:55,994 --> 00:56:59,459 flights, fraud, stupid, scam"‐‐ 1338 00:56:59,459 --> 00:57:01,922 "festival," even. "Festival" was blocked. 1339 00:57:01,922 --> 00:57:03,551 It got that bad. ‐ They would say, "Hey, 1340 00:57:03,551 --> 00:57:05,345 "like, I haven't gotten my flights confirmed. 1341 00:57:05,345 --> 00:57:07,057 What's going on?" And it would be, 1342 00:57:07,057 --> 00:57:09,438 that person would then get blocked from the account. 1343 00:57:09,438 --> 00:57:12,485 OREN: And then I had to make this list again in all caps 1344 00:57:12,485 --> 00:57:15,575 because Grant didn't believe that it wasn't case‐sensitive. 1345 00:57:15,575 --> 00:57:17,871 ♪ ♪ 1346 00:57:17,871 --> 00:57:20,793 CALVIN: They were so good at silencing the dissenters 1347 00:57:20,793 --> 00:57:23,507 that I'm screaming this from a rooftop, 1348 00:57:23,507 --> 00:57:25,428 and there's no one listening. 1349 00:57:25,428 --> 00:57:31,523 ♪ ♪ 1350 00:57:31,523 --> 00:57:34,571 DELROY: Billy was running out of money, 1351 00:57:34,571 --> 00:57:37,368 'cause I heard him on the phone talking to one of the investors 1352 00:57:37,368 --> 00:57:39,915 and, like, this dude was begging. 1353 00:57:39,915 --> 00:57:44,883 "Um, I need, like, um, a mill?" 1354 00:57:44,883 --> 00:57:47,346 POLLY: Someone was investing in the Fyre app 1355 00:57:47,346 --> 00:57:49,851 and the Fyre Festival. 1356 00:57:49,851 --> 00:57:53,943 Billy created a spreadsheet and wrote in "musical act, 1357 00:57:53,943 --> 00:57:57,784 thousands paid. Musical act, thousands paid." 1358 00:57:57,784 --> 00:57:59,538 MAN: So Lil Wayne was on the platform? 1359 00:57:59,538 --> 00:58:01,416 ‐ Every artist in your‐‐ in the‐‐ 1360 00:58:01,416 --> 00:58:03,754 in materials that we created as a team was on the platform. 1361 00:58:03,754 --> 00:58:05,591 MAN: Jamie Foxx was on the platform? 1362 00:58:05,591 --> 00:58:07,470 ‐ Uh, as again‐‐once again, every artist that we created 1363 00:58:07,470 --> 00:58:09,599 in the materials was on the platform. 1364 00:58:09,599 --> 00:58:11,227 POLLY: But the reality is 1365 00:58:11,227 --> 00:58:12,981 that there were never thousands of acts booked 1366 00:58:12,981 --> 00:58:15,360 and there were never millions of dollars paid. 1367 00:58:15,360 --> 00:58:20,037 It was about $57,000 total. 1368 00:58:20,037 --> 00:58:23,753 Even worse, he alleged that he owned Facebook shares 1369 00:58:23,753 --> 00:58:26,884 to the tune of over $2 million. 1370 00:58:26,884 --> 00:58:31,225 In reality, he had over 1,000 bucks in there. 1371 00:58:31,225 --> 00:58:34,441 And after Billy submitted these doctored loan documents, 1372 00:58:34,441 --> 00:58:37,906 this investor put $800,000 1373 00:58:37,906 --> 00:58:39,367 on the line for Billy. 1374 00:58:39,367 --> 00:58:41,329 ‐ [laughing] 1375 00:58:41,329 --> 00:58:43,501 ‐ He hung up. He said, "Delroy, 1376 00:58:43,501 --> 00:58:45,838 "put it here, man. 1377 00:58:45,838 --> 00:58:48,511 Let's go Jet‐Skiing." 1378 00:58:48,511 --> 00:58:51,349 [racing bass line] 1379 00:58:51,349 --> 00:58:53,019 ["Misirlou" by Dick Dale & the Del Tones] 1380 00:58:53,019 --> 00:58:56,150 ‐ ♪ Ha, ha, ha ♪ 1381 00:58:56,150 --> 00:58:58,614 JAKE: Despite all of the warning signs, 1382 00:58:58,614 --> 00:59:02,079 as even the most basic things just can't come together, 1383 00:59:02,079 --> 00:59:04,375 Billy becomes obsessed with an idea 1384 00:59:04,375 --> 00:59:07,757 of bringing a pirate ship to the Bahamas. 1385 00:59:07,757 --> 00:59:09,553 ‐ [scoffs] Like, what are you gonna‐‐ 1386 00:59:09,553 --> 00:59:11,055 what do you need a pirate ship for? 1387 00:59:11,055 --> 00:59:13,184 You're als‐‐you're‐‐ you're drowning in debt. 1388 00:59:13,184 --> 00:59:14,855 You're literally drowning in debt. 1389 00:59:14,855 --> 00:59:16,107 You can't even see. 1390 00:59:16,107 --> 00:59:17,861 BEN: He could sit in the cannonball 1391 00:59:17,861 --> 00:59:20,992 and you could shoot him and he would do three 360s, 1392 00:59:20,992 --> 00:59:22,495 throw out a bunch of money, 1393 00:59:22,495 --> 00:59:24,039 pour the drinks in everybody's mouth, 1394 00:59:24,039 --> 00:59:25,835 and say, "Billy's here!" 1395 00:59:25,835 --> 00:59:29,383 JAKE: The team is really, really against this idea, 1396 00:59:29,383 --> 00:59:31,387 but Billy is so obsessed with it 1397 00:59:31,387 --> 00:59:32,599 that they go through the process 1398 00:59:32,599 --> 00:59:34,561 of trying to find it anyway. 1399 00:59:34,561 --> 00:59:37,191 There was an urgent email about the bathrooms‐‐ 1400 00:59:37,191 --> 00:59:40,071 that instead of having these luxurious bathrooms, 1401 00:59:40,071 --> 00:59:43,662 they're gonna have to try to ship in porta potties. 1402 00:59:43,662 --> 00:59:45,750 And there's this great email that I love. 1403 00:59:45,750 --> 00:59:47,754 The quote is, "Well, nobody's eating, 1404 00:59:47,754 --> 00:59:49,758 so nobody's pooping." 1405 00:59:49,758 --> 00:59:54,559 DELROY: And then they order 2‐million dollars' worth 1406 00:59:54,559 --> 00:59:57,356 of booze. 1407 00:59:57,356 --> 00:59:59,318 Who the fuck orders 2‐million dollars' worth 1408 00:59:59,318 --> 01:00:01,615 of booze, dawg? 1409 01:00:01,615 --> 01:00:03,994 You know the duty on liquor in the Bahamas? 1410 01:00:03,994 --> 01:00:06,542 45% of $2 million. 1411 01:00:06,542 --> 01:00:09,673 I was like... 1412 01:00:16,687 --> 01:00:18,356 ‐ Okay, and just a couple of remaining items. 1413 01:00:18,356 --> 01:00:20,402 ‐ So then Billy took out this loan 1414 01:00:20,402 --> 01:00:22,322 from someone named Ezra Birnbaum. 1415 01:00:22,322 --> 01:00:25,245 ‐ Please indicate here if I look like a schmuck to you. 1416 01:00:25,245 --> 01:00:26,915 ‐ I'm gonna say no. 1417 01:00:26,915 --> 01:00:30,171 POLLY: Ezra Birnbaum gives a loan for $3 million. 1418 01:00:30,171 --> 01:00:34,514 The loan had a maximum interest rate of 120%. 1419 01:00:34,514 --> 01:00:38,146 The interest on the loan amounted to $600,000 1420 01:00:38,146 --> 01:00:40,025 in three months. 1421 01:00:40,025 --> 01:00:44,784 He needed to make a payment of $1/2 million within 16 days. 1422 01:00:44,784 --> 01:00:47,205 ‐ I‐‐I was a big boy. I knew what I was getting into. 1423 01:00:47,205 --> 01:00:49,961 And, you know, if I signed something 1424 01:00:49,961 --> 01:00:53,092 that doesn't make‐‐it doesn't sound smart financially, 1425 01:00:53,092 --> 01:00:56,975 that's on me, and it's‐‐ no one made me do that. 1426 01:00:56,975 --> 01:01:01,443 DAVE: But about a week before the festival was to take place, 1427 01:01:01,443 --> 01:01:05,241 attendees started receiving this email. 1428 01:01:05,241 --> 01:01:08,331 The email said, "This is a cashless event, 1429 01:01:08,331 --> 01:01:10,795 "and you'll be paying for the festival 1430 01:01:10,795 --> 01:01:12,715 using a wristband." 1431 01:01:12,715 --> 01:01:14,552 You load the wristband with money, 1432 01:01:14,552 --> 01:01:16,807 and then whenever you wanna buy anything, 1433 01:01:16,807 --> 01:01:21,023 you scan the wristband and it's debited from the account. 1434 01:01:21,023 --> 01:01:22,485 SETH: The directions in the email 1435 01:01:22,485 --> 01:01:23,487 said you were required 1436 01:01:23,487 --> 01:01:24,948 to put something on it. 1437 01:01:24,948 --> 01:01:27,704 "We recommend at least $300 per day." 1438 01:01:27,704 --> 01:01:30,668 People asked me, "Are those red flags?" 1439 01:01:30,668 --> 01:01:32,463 And I thought, "I don't know. 1440 01:01:32,463 --> 01:01:34,426 I've never planned a music event before." 1441 01:01:34,426 --> 01:01:36,805 DAVE: Whenever he's doing a scam, 1442 01:01:36,805 --> 01:01:40,061 it kind of always gets in this, like, realm of believability 1443 01:01:40,061 --> 01:01:43,444 because festivals do use cashless wristbands. 1444 01:01:43,444 --> 01:01:46,450 MAN: Did the decision to make the wristbands 1445 01:01:46,450 --> 01:01:48,829 and have people upload cash have anything to do 1446 01:01:48,829 --> 01:01:51,417 with your loan to Ezra Birnbaum? 1447 01:01:51,417 --> 01:01:54,674 ‐ Uh... 1448 01:01:56,720 --> 01:01:58,181 DAVE: Our reporting found 1449 01:01:58,181 --> 01:02:02,690 that plan itself raised about $2 million. 1450 01:02:09,954 --> 01:02:12,417 FELIX: Every day, it was something new. 1451 01:02:12,417 --> 01:02:14,672 Everyone was very stressed out. 1452 01:02:14,672 --> 01:02:17,135 There were a lot of people that weren't paid. 1453 01:02:17,135 --> 01:02:19,432 DIALLO: And I remember one day in particular, 1454 01:02:19,432 --> 01:02:21,603 we were out there working, and all of the sudden, 1455 01:02:21,603 --> 01:02:23,440 I see a cop show up and they're shutting down 1456 01:02:23,440 --> 01:02:25,276 the job site. 1457 01:02:25,276 --> 01:02:27,782 Why? Because these guys aren't paying national insurance. 1458 01:02:27,782 --> 01:02:30,370 [dramatic music] 1459 01:02:30,370 --> 01:02:33,292 FELIX: A week before the festival, 1460 01:02:33,292 --> 01:02:36,883 everyone seems to know that this is not going to happen. 1461 01:02:36,883 --> 01:02:38,554 ‐ Seven days in advance, 1462 01:02:38,554 --> 01:02:40,139 we knew that we didn't have enough accommodations 1463 01:02:40,139 --> 01:02:43,104 for guests, and now the slippery slope begins. 1464 01:02:43,104 --> 01:02:45,776 ♪ ♪ 1465 01:02:45,776 --> 01:02:47,697 AVA: The contractor was begging for more time, 1466 01:02:47,697 --> 01:02:49,324 and they were like, "No. There's no more time." 1467 01:02:49,324 --> 01:02:51,036 DANIEL: And you don't have radio communication. 1468 01:02:51,036 --> 01:02:52,999 Why? Because the guy didn't pay the customs bill. 1469 01:02:52,999 --> 01:02:55,003 ♪ ♪ 1470 01:02:55,003 --> 01:02:57,132 OREN: The FuckJerry team was still posting stuff. 1471 01:02:57,132 --> 01:02:58,510 I could say, "I'm scared." 1472 01:02:58,510 --> 01:02:59,971 I could say, "This is dangerous." 1473 01:02:59,971 --> 01:03:01,600 It won't change anything 1474 01:03:01,600 --> 01:03:04,564 'cause the festival has to happen. 1475 01:03:04,564 --> 01:03:06,275 FELIX: It was chaos. At the end, I was like, 1476 01:03:06,275 --> 01:03:07,653 "This shit ain't happening. 1477 01:03:07,653 --> 01:03:09,574 I'm getting a flight out of here." 1478 01:03:09,574 --> 01:03:10,993 NICK: People started to have breakdowns. 1479 01:03:10,993 --> 01:03:12,747 People started to have panic attacks. 1480 01:03:12,747 --> 01:03:14,626 ‐ No idea what they were doing. ‐ It was a shitshow. 1481 01:03:14,626 --> 01:03:18,842 ‐ Just chaos and anarchy. 1482 01:03:18,842 --> 01:03:24,520 FELIX: The night before, we worked through the night. 1483 01:03:24,520 --> 01:03:26,608 We were driving back to the house. 1484 01:03:26,608 --> 01:03:28,946 It's, like, 3:00 a.m. at this point 1485 01:03:28,946 --> 01:03:30,908 and it starts to rain, and we're like, "Okay. 1486 01:03:30,908 --> 01:03:32,995 It might just be light rain." And then... 1487 01:03:32,995 --> 01:03:34,540 ♪ ♪ 1488 01:03:34,540 --> 01:03:38,799 NICK: And it started monsooning. 1489 01:03:38,799 --> 01:03:41,429 We all started crying of laughter. 1490 01:03:41,429 --> 01:03:42,932 It was, like, hours before the first people 1491 01:03:42,932 --> 01:03:44,769 were supposed to get here. 1492 01:03:44,769 --> 01:03:46,773 ‐ And then thunder and then the lights go out 1493 01:03:46,773 --> 01:03:48,777 and the roads look like they're flooded. 1494 01:03:48,777 --> 01:03:53,119 I thought to myself, "This is an act of God." 1495 01:03:53,119 --> 01:03:58,045 And, you know, it was kind of like... 1496 01:03:58,045 --> 01:04:00,133 ‐ That's it. That's‐‐that's it. 1497 01:04:00,133 --> 01:04:02,638 It's two hours from now. We're fucked. 1498 01:04:02,638 --> 01:04:05,728 ♪ ♪ 1499 01:04:05,728 --> 01:04:08,734 [alarm blares] 1500 01:04:11,489 --> 01:04:14,495 [eerie music] 1501 01:04:14,495 --> 01:04:16,123 ♪ ♪ 1502 01:04:16,123 --> 01:04:18,587 DAVE: Before Fyre Festival, 1503 01:04:18,587 --> 01:04:22,553 there was definitely some disastrous festivals. 1504 01:04:22,553 --> 01:04:24,264 [crowd shouting] 1505 01:04:24,264 --> 01:04:27,730 The Hells Angels stabbing someone at Altamont Speedway 1506 01:04:27,730 --> 01:04:30,109 with the Rolling Stones. 1507 01:04:30,109 --> 01:04:32,907 MAN: Everybody, just cool out! 1508 01:04:35,746 --> 01:04:37,917 DAVE: And then Woodstock 1999, 1509 01:04:37,917 --> 01:04:43,052 it was almost like this apocalyptic event. 1510 01:04:43,052 --> 01:04:45,891 Whenever a festival fails, it's something about it 1511 01:04:45,891 --> 01:04:48,730 that really fascinates people. 1512 01:04:48,730 --> 01:04:51,235 So fast‐forward to today. 1513 01:04:51,235 --> 01:04:53,740 We are at high alert. 1514 01:04:53,740 --> 01:04:55,619 [alarm blaring] 1515 01:04:55,619 --> 01:04:56,996 We didn't know what was gonna happen. 1516 01:04:56,996 --> 01:05:00,002 We just knew we had to tune in. 1517 01:05:00,002 --> 01:05:03,760 So I basically set up a little mini war room. 1518 01:05:03,760 --> 01:05:06,766 ‐ We are at DEFCON 1. MAN: DEFCON 1. 1519 01:05:06,766 --> 01:05:08,812 ‐ Well, okay, so the war room was at my house. 1520 01:05:08,812 --> 01:05:11,442 It was just me, but I had the computer up. 1521 01:05:11,442 --> 01:05:13,864 I was watching different Twitter feeds. 1522 01:05:13,864 --> 01:05:16,034 Anybody who was gonna go to Fyre Fest, 1523 01:05:16,034 --> 01:05:17,913 I was following them. 1524 01:05:17,913 --> 01:05:21,796 ‐ It is Thursday, officially the day of my flight to Fyre. 1525 01:05:21,796 --> 01:05:25,344 ‐ We're about to go to Fyre Festival. 1526 01:05:25,344 --> 01:05:27,098 CC: So this Fyre Festival, right, 1527 01:05:27,098 --> 01:05:29,394 it's like history in the making. 1528 01:05:29,394 --> 01:05:31,774 It's gonna be interesting one way or another. 1529 01:05:31,774 --> 01:05:35,991 ‐ Going to the Bahamas. Wow. 1530 01:05:35,991 --> 01:05:39,457 SETH: We got an email Thursday on morning that said 1531 01:05:39,457 --> 01:05:41,335 they were still putting things together 1532 01:05:41,335 --> 01:05:43,005 so you might see some trucks, 1533 01:05:43,005 --> 01:05:45,427 you might see some people moving some stuff around, 1534 01:05:45,427 --> 01:05:47,514 and just kind of bear with them. 1535 01:05:47,514 --> 01:05:50,938 We even joked and, like, bought toilet paper 1536 01:05:50,938 --> 01:05:52,315 before we went and thought, you know, 1537 01:05:52,315 --> 01:05:54,820 "This might end up being currency." 1538 01:05:54,820 --> 01:05:57,660 And then while we were waiting in the airport, 1539 01:05:57,660 --> 01:06:00,331 we saw that Blink 182 had tweeted out 1540 01:06:00,331 --> 01:06:03,087 that they were not gonna play. 1541 01:06:03,087 --> 01:06:07,345 "Well, one band has backed out, but that's just one band." 1542 01:06:07,345 --> 01:06:10,894 Everything was gonna be fine, right? 1543 01:06:10,894 --> 01:06:14,025 AUSTIN: [sighs] I'm saying my prayers right now. 1544 01:06:14,025 --> 01:06:17,323 Could be amazing. Could be a disaster. 1545 01:06:17,323 --> 01:06:20,622 STEWARD: And your seats in their upright positions. 1546 01:06:20,622 --> 01:06:22,166 Thank you very much. 1547 01:06:22,166 --> 01:06:25,882 ‐ All right, we are here in the "private jet." 1548 01:06:25,882 --> 01:06:27,553 GIRL: [laughs] 1549 01:06:27,553 --> 01:06:30,600 ‐ It's actually worse than, like, really, like, 1550 01:06:30,600 --> 01:06:33,732 being, like, low, low economy class. 1551 01:06:33,732 --> 01:06:35,736 [awkward music] 1552 01:06:35,736 --> 01:06:37,823 ♪ ♪ 1553 01:06:37,823 --> 01:06:39,785 AUSTIN: There were some people already on the island, 1554 01:06:39,785 --> 01:06:42,875 including a couple of our friends. 1555 01:06:42,875 --> 01:06:45,422 But our friends were redirected to another place on the island, 1556 01:06:45,422 --> 01:06:48,052 which was one of the nicer parts. 1557 01:06:48,052 --> 01:06:50,766 DANIEL: They decided that they would ship 1558 01:06:50,766 --> 01:06:52,728 all their first three planes 1559 01:06:52,728 --> 01:06:55,776 to somebody else's resort. 1560 01:06:55,776 --> 01:06:59,366 ‐ Okay, so we got the three cowboys in a row. 1561 01:06:59,366 --> 01:07:01,244 OREN: I went down to the Bahamas 1562 01:07:01,244 --> 01:07:03,207 with the FuckJerry guys. 1563 01:07:03,207 --> 01:07:07,090 We're at that side party that they threw everyone to. 1564 01:07:07,090 --> 01:07:09,219 This is weird. 1565 01:07:09,219 --> 01:07:12,726 This already seemed like a nosedive. 1566 01:07:12,726 --> 01:07:15,356 You could tell everyone's like, "All right. 1567 01:07:15,356 --> 01:07:17,820 Could we go do the thing, like, now?" 1568 01:07:17,820 --> 01:07:21,702 Planes are landing and people are showing up. 1569 01:07:21,702 --> 01:07:23,372 ‐ We're here! 1570 01:07:23,372 --> 01:07:25,919 [excited chatter] 1571 01:07:25,919 --> 01:07:29,552 AUSTIN: We were all packed into the yellow school bus. 1572 01:07:29,552 --> 01:07:33,643 SETH: So a maybe 10‐ or 15‐minute drive, 1573 01:07:33,643 --> 01:07:37,316 and right as soon as you get to the entrance... 1574 01:07:37,316 --> 01:07:40,406 WOMAN: [sobs] Oh, God. MAN: Oh, my God. 1575 01:07:40,406 --> 01:07:42,619 WOMAN: Oh... 1576 01:07:42,619 --> 01:07:44,707 Oh, God. 1577 01:07:44,707 --> 01:07:46,376 AUSTIN: A girl next to me on the bus 1578 01:07:46,376 --> 01:07:47,713 started bawling and crying. 1579 01:07:47,713 --> 01:07:49,925 WOMAN: [crying] Turn around. 1580 01:07:49,925 --> 01:07:51,386 MAN: There's no bed in that tent. 1581 01:07:51,386 --> 01:07:53,600 There's no beds in the tents. 1582 01:07:53,600 --> 01:07:55,854 WOMAN: Amber was like, "This isn't funny!" 1583 01:07:55,854 --> 01:07:57,524 [chatter] 1584 01:07:57,524 --> 01:08:01,657 SETH: It was just gravel, mattresses stacked up 1585 01:08:01,657 --> 01:08:03,368 along the road. 1586 01:08:03,368 --> 01:08:07,586 MAN: That's an air mattress. I see an air mattress. 1587 01:08:07,586 --> 01:08:09,673 AUSTIN: I mean, this is just crazy. 1588 01:08:09,673 --> 01:08:11,511 There's, like, 50 tents that are ready, 1589 01:08:11,511 --> 01:08:14,057 and all the rest aren't. 1590 01:08:14,057 --> 01:08:15,519 SETH: There was plenty of liquor. 1591 01:08:15,519 --> 01:08:17,230 There were just pallets of liquor bottles 1592 01:08:17,230 --> 01:08:20,236 sitting next to kiosks that said "bar." 1593 01:08:20,236 --> 01:08:23,116 ‐ What's happening? There's no water over there. 1594 01:08:23,116 --> 01:08:26,039 Oh, Jesus. 1595 01:08:26,039 --> 01:08:28,252 Maybe we all get to burn it down at the end? 1596 01:08:28,252 --> 01:08:31,258 [laughs] We just burned all of our money. 1597 01:08:31,258 --> 01:08:34,807 SETH: This is not what we signed up for. 1598 01:08:34,807 --> 01:08:40,359 OREN: The first thing I saw was, "These are FEMA tents. 1599 01:08:40,359 --> 01:08:45,244 What have I done?" My child is like Satan. 1600 01:08:45,244 --> 01:08:50,045 This is such a disaster, but I heard that 1601 01:08:50,045 --> 01:08:52,593 some influencers actually got villas. 1602 01:08:52,593 --> 01:08:53,886 Like, mansions. 1603 01:08:53,886 --> 01:08:56,182 ‐ Look at this kitchen! 1604 01:08:56,182 --> 01:08:59,272 We actually did have a villa. 1605 01:08:59,272 --> 01:09:01,318 We felt real bad. 1606 01:09:01,318 --> 01:09:04,157 [dance music] 1607 01:09:04,157 --> 01:09:06,954 [laughs] 1608 01:09:06,954 --> 01:09:09,960 [tense hip‐hop beats] 1609 01:09:09,960 --> 01:09:11,422 AUSTIN: I hate you for telling me to come here. 1610 01:09:11,422 --> 01:09:12,924 ‐ [laughing] It wasn't me. It was you. 1611 01:09:12,924 --> 01:09:14,218 AUSTIN: I hate you. I hate you. 1612 01:09:14,218 --> 01:09:17,684 ♪ ♪ 1613 01:09:17,684 --> 01:09:20,064 People were freaking out. 1614 01:09:20,064 --> 01:09:21,817 No one had their room. 1615 01:09:21,817 --> 01:09:24,698 No one knew where their bags were. 1616 01:09:24,698 --> 01:09:26,452 SETH: There were just lines forming 1617 01:09:26,452 --> 01:09:31,002 in front of the blue house, so we got in line. 1618 01:09:31,002 --> 01:09:32,923 NICK: So I went out there with my laptop. 1619 01:09:32,923 --> 01:09:35,887 There was a line of, like, 600 people in front of me. 1620 01:09:35,887 --> 01:09:38,476 And I just, one by one, just started plugging away. 1621 01:09:38,476 --> 01:09:40,020 You know, tent by tent, tent by tent. 1622 01:09:40,020 --> 01:09:41,774 And we started‐‐we had a system going. 1623 01:09:41,774 --> 01:09:45,197 We got through maybe 400 people, 1624 01:09:45,197 --> 01:09:47,326 but then Billy stood up on that table 1625 01:09:47,326 --> 01:09:49,873 and he decided to undo everything that I had done. 1626 01:09:52,294 --> 01:09:55,760 SETH: And he kind of just said, "Go find a tent." 1627 01:09:55,760 --> 01:09:58,766 [overlapping chatter] 1628 01:10:00,102 --> 01:10:03,358 FELIX: And everyone's just running. 1629 01:10:03,358 --> 01:10:06,907 NICK: It was just this mad dash to claim your tent. 1630 01:10:06,907 --> 01:10:08,745 MAN: Shit. 1631 01:10:08,745 --> 01:10:10,832 AUSTIN: It was definitely a state of panic. 1632 01:10:10,832 --> 01:10:12,502 MAN: They're just telling everyone it's a free‐for‐all, 1633 01:10:12,502 --> 01:10:14,005 to just find an empty tent and grab it, 1634 01:10:14,005 --> 01:10:15,967 so this whole place is pretty fucked. 1635 01:10:15,967 --> 01:10:19,683 ‐ Things could go terribly, terribly wrong at this point. 1636 01:10:19,683 --> 01:10:21,352 ‐ It's about to be pitch black out here. 1637 01:10:21,352 --> 01:10:23,441 ‐ People are panicking. ‐ People are panicking. 1638 01:10:23,441 --> 01:10:26,989 Like, tripping out. ‐ Okay. 1639 01:10:26,989 --> 01:10:29,620 ‐ We have 250 houses rented for millions of dollars 1640 01:10:29,620 --> 01:10:32,626 with paper receipts and pictures of every house. 1641 01:10:32,626 --> 01:10:35,047 MAN: Why didn't your guests get to those houses 1642 01:10:35,047 --> 01:10:37,259 that you rented? 1643 01:10:37,259 --> 01:10:40,182 ♪ ♪ 1644 01:10:40,182 --> 01:10:43,021 ‐ We had a box of physical keys, 1645 01:10:43,021 --> 01:10:45,527 cars to take people there, 1646 01:10:45,527 --> 01:10:47,404 and maps for every single house, 1647 01:10:47,404 --> 01:10:51,622 and the box of keys‐‐ unfortunately, it went missing. 1648 01:10:51,622 --> 01:10:54,127 MAN: You lost a box of keys to two‐million dollars' worth 1649 01:10:54,127 --> 01:10:56,507 of houses? ‐ Mm‐hmm. 1650 01:10:56,507 --> 01:10:59,387 MAN: So why didn't you tell that to the guests? 1651 01:11:03,311 --> 01:11:05,315 [awkward music] 1652 01:11:05,315 --> 01:11:09,407 ♪ ♪ 1653 01:11:09,407 --> 01:11:11,912 DAVE: After Blink 182 dropped out, 1654 01:11:11,912 --> 01:11:14,333 a lot of the bands just never got on the plane 1655 01:11:14,333 --> 01:11:18,885 because they could sense it was a smoldering heap. 1656 01:11:18,885 --> 01:11:20,387 AUSTIN: This is, like, five or six hours later, 1657 01:11:20,387 --> 01:11:21,724 we still don't have our luggage. 1658 01:11:21,724 --> 01:11:23,978 ‐ What the fuck are we gonna do? 1659 01:11:23,978 --> 01:11:26,775 SETH: And that's when we ended up at that shipping container 1660 01:11:26,775 --> 01:11:29,781 where they were throwing luggage out, 1661 01:11:29,781 --> 01:11:33,623 like the white‐glove concierge service that they promised. 1662 01:11:33,623 --> 01:11:36,002 AUSTIN: There was absolutely zero organization. 1663 01:11:36,002 --> 01:11:38,758 NICK: People had to literally fight through 1664 01:11:38,758 --> 01:11:40,553 and try to find their bags. 1665 01:11:40,553 --> 01:11:43,684 That is the worst thing you could have possibly done. 1666 01:11:43,684 --> 01:11:47,484 AUSTIN: People are carrying mattresses. 1667 01:11:47,484 --> 01:11:51,074 SETH: So I tweet out, "Look at this. 1668 01:11:51,074 --> 01:11:52,869 "Do you see these lockers? 1669 01:11:52,869 --> 01:11:56,919 "Do you see the luxury food court? 1670 01:11:56,919 --> 01:11:59,967 Do you see this luxury cheese sandwich?" 1671 01:11:59,967 --> 01:12:02,054 CALVIN: At the same time, 1672 01:12:02,054 --> 01:12:05,018 Billy's lawyers were issuing cease and desist orders 1673 01:12:05,018 --> 01:12:09,193 to anyone that's actively posting negative comments. 1674 01:12:09,193 --> 01:12:11,615 BEN: They were threatening, "We're gonna sue you." 1675 01:12:11,615 --> 01:12:14,328 It wasn't just rich kids trapped on an island to me. 1676 01:12:14,328 --> 01:12:16,875 At that point, it was also a health concern 1677 01:12:16,875 --> 01:12:19,297 that there were people literally trapped on an island. 1678 01:12:19,297 --> 01:12:22,303 AUSTIN: This shit is a fucking disaster. 1679 01:12:22,303 --> 01:12:25,935 My immediate reaction was, "We need to get out of here." 1680 01:12:25,935 --> 01:12:27,772 Like, #RescueMission, 1681 01:12:27,772 --> 01:12:29,901 um... 1682 01:12:29,901 --> 01:12:32,657 ♪ ♪ 1683 01:12:32,657 --> 01:12:35,455 AVA: There was just, like, a run on the airports. 1684 01:12:35,455 --> 01:12:36,915 It was incredibly nightmarish 1685 01:12:36,915 --> 01:12:38,209 because they had to deal with persons 1686 01:12:38,209 --> 01:12:40,380 who were high out of your mind. 1687 01:12:40,380 --> 01:12:44,848 Very rowdy... ‐ 145! Whoo! 1688 01:12:44,848 --> 01:12:49,398 ALL: ♪ Happy birthday to you ♪ 1689 01:12:49,398 --> 01:12:51,027 SETH: They had been drinking all day. 1690 01:12:51,027 --> 01:12:53,114 There was a guy putting baby oil 1691 01:12:53,114 --> 01:12:55,410 on his completely sunburned body 1692 01:12:55,410 --> 01:12:57,373 just hammered at, like, 11:30 at night, 1693 01:12:57,373 --> 01:12:59,461 and we're just sitting there like, 1694 01:12:59,461 --> 01:13:03,761 "When do we get off this island?" 1695 01:13:03,761 --> 01:13:05,556 ‐ Mind you, at this point, everyone's starting 1696 01:13:05,556 --> 01:13:08,186 to get antsy, grumpy, hungry, thirsty. 1697 01:13:08,186 --> 01:13:10,315 SETH: One guy passed out, 1698 01:13:10,315 --> 01:13:12,027 and they had to take him to the hospital. 1699 01:13:12,027 --> 01:13:13,823 AUSTIN: People were starting to yell and scream. 1700 01:13:13,823 --> 01:13:15,910 They brought, like, police from the island 1701 01:13:15,910 --> 01:13:17,956 into the room to calm people down. 1702 01:13:17,956 --> 01:13:19,626 MAN: When do we get our money back? 1703 01:13:19,626 --> 01:13:22,256 AUSTIN: Finally, we hear a plane is actually coming. 1704 01:13:22,256 --> 01:13:25,805 ‐ We made it! ‐ We made it! 1705 01:13:25,805 --> 01:13:27,934 SETH: We get on the plane 1706 01:13:27,934 --> 01:13:29,938 and the pilot does the headcount, 1707 01:13:29,938 --> 01:13:31,775 and it doesn't match up with the manifest. 1708 01:13:31,775 --> 01:13:34,196 ‐ We need to pay attention. He's gonna be calling names. 1709 01:13:34,196 --> 01:13:36,493 AUSTIN: The U. S. wouldn't let us come back 1710 01:13:36,493 --> 01:13:40,793 because we had 111 names and 112 people on the flight. 1711 01:13:40,793 --> 01:13:42,672 SETH: So he's making everybody wake up 1712 01:13:42,672 --> 01:13:45,511 and get off the plane. 1713 01:13:45,511 --> 01:13:47,974 ‐ We are officially off the plane. 1714 01:13:47,974 --> 01:13:49,769 [bossa nova music] 1715 01:13:49,769 --> 01:13:53,109 ♪ ♪ 1716 01:13:53,109 --> 01:13:57,702 So far, heading to be the worst 24 hours of my life. 1717 01:13:57,702 --> 01:13:59,163 SETH: We get back on the plane. 1718 01:13:59,163 --> 01:14:03,129 ‐ 4:51 a. m., still sitting here. 1719 01:14:03,129 --> 01:14:05,050 SETH: And then the pilot comes back. 1720 01:14:05,050 --> 01:14:07,346 ‐ Ladies and gentlemen, I got some bad news. 1721 01:14:07,346 --> 01:14:11,354 SETH: Due to FAA regulations, that crew has to leave. 1722 01:14:11,354 --> 01:14:16,280 They've been on for too long. MAN: Let us go home. 1723 01:14:16,280 --> 01:14:19,411 AUSTIN: We go back into the waiting room. 1724 01:14:19,411 --> 01:14:21,542 SETH: And they lock the doors. 1725 01:14:21,542 --> 01:14:23,546 ‐ We couldn't have anyone going out of the air side, 1726 01:14:23,546 --> 01:14:26,426 light up a cigarette, a fuel truck explodes. 1727 01:14:26,426 --> 01:14:28,263 Then we have a bigger issue. 1728 01:14:28,263 --> 01:14:29,933 STEWARD: Please take your seat and fasten your seatbelts. 1729 01:14:29,933 --> 01:14:32,229 [cheers and applause] 1730 01:14:32,229 --> 01:14:34,191 [engine roars] 1731 01:14:34,191 --> 01:14:36,237 SETH: On the plane, I got an email that said, 1732 01:14:36,237 --> 01:14:38,701 "We got off to a rough start on day one. 1733 01:14:38,701 --> 01:14:41,540 But day two's gonna be, you know, awesome." 1734 01:14:41,540 --> 01:14:43,460 ‐ Crazy. 1735 01:14:43,460 --> 01:14:46,048 JAKE: And then things just blew up. 1736 01:14:46,048 --> 01:14:48,386 ‐ Nightmare in paradise. There was no music. 1737 01:14:48,386 --> 01:14:50,307 REPORTER: They were put into disaster relief tents. 1738 01:14:50,307 --> 01:14:52,352 REPORTER: Slice of cheese on bread. 1739 01:14:52,352 --> 01:14:54,941 ‐ For 48 hours, it was the number one trending story 1740 01:14:54,941 --> 01:14:56,695 on the news. 1741 01:14:56,695 --> 01:14:58,574 JIA: The media loves to write about millennials 1742 01:14:58,574 --> 01:15:01,913 that are really rich, really white, spoiled, 1743 01:15:01,913 --> 01:15:03,792 so when you have all of them stuck on an island 1744 01:15:03,792 --> 01:15:05,630 having a shit fit, 1745 01:15:05,630 --> 01:15:07,425 people were gleeful. 1746 01:15:07,425 --> 01:15:10,138 ‐ Other events that Kendall Jenner has been promoting: 1747 01:15:10,138 --> 01:15:13,102 the Mount Etna Active Volcano Rave. 1748 01:15:13,102 --> 01:15:15,775 JIA: You know, this, like, tsunami of schadenfreude. 1749 01:15:15,775 --> 01:15:17,612 REPORTER: Some people are calling it 1750 01:15:17,612 --> 01:15:19,532 rich people's problems. 1751 01:15:19,532 --> 01:15:22,412 JIA: It's like, "Inject it directly into my veins. 1752 01:15:22,412 --> 01:15:25,210 "I want nothing but this 1753 01:15:25,210 --> 01:15:26,880 until the supply runs dry." 1754 01:15:26,880 --> 01:15:28,634 CONAN: What do you think of the Fyre Festival? 1755 01:15:28,634 --> 01:15:30,220 DAVE MATTHEWS: One of the greatest things 1756 01:15:30,220 --> 01:15:31,515 that's ever happened. I mean, it's terrible. 1757 01:15:31,515 --> 01:15:33,267 I mean, I know it's terrible. 1758 01:15:33,267 --> 01:15:35,230 WOMAN: We had no electricity. There was no showers. 1759 01:15:35,230 --> 01:15:36,608 There was no bathrooms. There's no, like, 1760 01:15:36,608 --> 01:15:38,361 running water. 1761 01:15:38,361 --> 01:15:40,825 ‐ Man, white people love camping unless it's a surprise. 1762 01:15:40,825 --> 01:15:43,706 [laughter] 1763 01:15:43,706 --> 01:15:45,626 ‐ Our firm started getting messages 1764 01:15:45,626 --> 01:15:47,379 from people who were there. 1765 01:15:47,379 --> 01:15:51,345 Images, screengrabs, audio, video. 1766 01:15:51,345 --> 01:15:54,351 And it invoked these images of "The Hunger Games" 1767 01:15:54,351 --> 01:15:56,063 or "Lord of the Flies." 1768 01:15:56,063 --> 01:15:57,942 ‐ Release the monster! 1769 01:15:57,942 --> 01:16:01,031 ‐ And it was like, you know, "Holy shit. This is serious." 1770 01:16:01,031 --> 01:16:03,704 I called all the associates into the office. 1771 01:16:03,704 --> 01:16:05,373 I said, "We're drafting a complaint." 1772 01:16:05,373 --> 01:16:08,171 And we actually filed on a Sunday night. 1773 01:16:08,171 --> 01:16:10,926 REPORTER: The failed Fyre Festival has been hit 1774 01:16:10,926 --> 01:16:15,436 with a $100 million lawsuit. 1775 01:16:15,436 --> 01:16:17,774 BEN: We asserted $100 million damages, 1776 01:16:17,774 --> 01:16:20,069 which is a large number. 1777 01:16:20,069 --> 01:16:23,494 It was my view that he should basically pay back 1778 01:16:23,494 --> 01:16:26,081 everything that the company could've been worth 1779 01:16:26,081 --> 01:16:29,254 to his victims. 1780 01:16:29,254 --> 01:16:31,383 CALVIN: While the Fyre Festival was gone, 1781 01:16:31,383 --> 01:16:33,597 Billy still had the Fyre app, 1782 01:16:33,597 --> 01:16:35,726 which was a talent‐booking app, and, you know, 1783 01:16:35,726 --> 01:16:38,732 a number of employees that were still working on it. 1784 01:16:38,732 --> 01:16:40,611 And there was this letter where the employees 1785 01:16:40,611 --> 01:16:44,702 of the Fyre app were seeking to separate themselves 1786 01:16:44,702 --> 01:16:46,498 from the festival. 1787 01:16:46,498 --> 01:16:50,213 ‐ The first demand they made was that Billy fire Grant. 1788 01:16:50,213 --> 01:16:53,261 "Grant was abusive," they were saying. 1789 01:16:53,261 --> 01:16:56,685 You know, "Grant caused a lot of these problems." 1790 01:16:56,685 --> 01:17:00,526 CALVIN: And then someone had recorded this internal call 1791 01:17:00,526 --> 01:17:03,322 between Billy and the Fyre app employees 1792 01:17:03,322 --> 01:17:06,245 and then posted it on Soundcloud. 1793 01:17:12,842 --> 01:17:14,177 CALVIN: Billy was still representing 1794 01:17:14,177 --> 01:17:16,348 that this Comcast investment, 1795 01:17:16,348 --> 01:17:18,437 which I had effectively killed, 1796 01:17:18,437 --> 01:17:20,148 was still going to be coming in. 1797 01:17:20,148 --> 01:17:22,653 DAVE: They started expressing shock 1798 01:17:22,653 --> 01:17:26,118 that the Comcast investment never really happened. 1799 01:17:31,003 --> 01:17:33,341 MAN: You told several employees that "there was a $20 million 1800 01:17:33,341 --> 01:17:36,890 investment. We're gonna be fine." 1801 01:17:36,890 --> 01:17:40,021 ‐ I can't comment on that. 1802 01:17:40,021 --> 01:17:42,192 CALVIN: Not only had he successfully conned 1803 01:17:42,192 --> 01:17:46,325 ticket holders, but he had also successfully conned employees. 1804 01:17:46,325 --> 01:17:50,083 And instead of trying to figure out how to make it right, 1805 01:17:50,083 --> 01:17:53,423 Billy decides that he's now a movie producer. 1806 01:17:53,423 --> 01:17:58,600 ♪ ♪ 1807 01:17:58,600 --> 01:18:01,355 MICHAEL: I get a call, and it's Billy McFarland. 1808 01:18:01,355 --> 01:18:05,447 I picked up just with, like, a "hey, how's it going?" 1809 01:18:05,447 --> 01:18:08,411 Billy wanted to do this "recovery documentary." 1810 01:18:08,411 --> 01:18:12,628 That's what he was calling it. It sounded like a PR exercise. 1811 01:18:12,628 --> 01:18:15,968 He says, "Where are you? Could you be here tonight?" 1812 01:18:15,968 --> 01:18:19,349 And he Venmos me $1,000 on the spot to buy a flight. 1813 01:18:19,349 --> 01:18:21,395 ♪ ♪ 1814 01:18:21,395 --> 01:18:24,986 So I get to his penthouse and the elevator opens up. 1815 01:18:24,986 --> 01:18:26,906 [shower running] 1816 01:18:26,906 --> 01:18:29,746 And about 45 minutes goes by, and he's still in the shower. 1817 01:18:29,746 --> 01:18:31,458 [laughs] 1818 01:18:31,458 --> 01:18:34,464 [shower running] 1819 01:18:34,464 --> 01:18:37,343 ♪ ♪ 1820 01:18:37,343 --> 01:18:39,932 That...was interesting. 1821 01:18:39,932 --> 01:18:42,813 He was living in this posh, clean penthouse, 1822 01:18:42,813 --> 01:18:45,778 removed from it all by many layers of glass, 1823 01:18:45,778 --> 01:18:48,240 and he wanted to get to the Bahamas 1824 01:18:48,240 --> 01:18:51,581 to try and recoup money for investors. 1825 01:18:51,581 --> 01:18:53,209 As we're on our way to land, 1826 01:18:53,209 --> 01:18:54,962 the entire government switches over 1827 01:18:54,962 --> 01:18:57,843 and comes out with a statement pretty much barring Billy 1828 01:18:57,843 --> 01:19:00,432 and the Fyre Festival for the rest of eternity. 1829 01:19:00,432 --> 01:19:02,937 Yeah. 1830 01:19:02,937 --> 01:19:06,026 [tense music] 1831 01:19:06,026 --> 01:19:08,615 ‐ Uh, Delroy was gonna help us get all of our merchandise‐‐ 1832 01:19:08,615 --> 01:19:11,411 all of our T‐shirts and sweatshirts and hats 1833 01:19:11,411 --> 01:19:12,748 out of Great Exuma, 1834 01:19:12,748 --> 01:19:15,086 but the customs has them all locked down. 1835 01:19:15,086 --> 01:19:17,048 ‐ They didn't pay their customs duties, 1836 01:19:17,048 --> 01:19:20,681 so the Fyre Festival's merchandise was seized. 1837 01:19:20,681 --> 01:19:22,935 ‐ Robbing customs was on the bullet list 1838 01:19:22,935 --> 01:19:26,066 of things that they were planning to do. 1839 01:19:26,066 --> 01:19:28,362 I was just curious to see how they were even gonna 1840 01:19:28,362 --> 01:19:30,617 possibly trick themselves into thinking 1841 01:19:30,617 --> 01:19:32,997 they could pull that off. 1842 01:19:32,997 --> 01:19:36,838 MAN: You say that Billy tried to get you to rob customs. 1843 01:19:36,838 --> 01:19:38,633 ‐ Yeah, he tried. 1844 01:19:38,633 --> 01:19:41,263 BILLY: Did he pay you anything for stealing the merch? 1845 01:19:41,263 --> 01:19:44,102 ‐ Me ain't never stole any merch. 1846 01:19:44,102 --> 01:19:46,566 [laughs] 1847 01:19:46,566 --> 01:19:48,486 JIMMY: Fyre Music Festival. Did you hear about this mu‐‐ 1848 01:19:48,486 --> 01:19:51,325 in the Bahamas? [laughing] It was a disaster. 1849 01:19:51,325 --> 01:19:53,245 It was a big disaster. The bands didn't show up. 1850 01:19:53,245 --> 01:19:54,582 Nothing was ready. 1851 01:19:54,582 --> 01:19:55,834 Now the organizers are being sued 1852 01:19:55,834 --> 01:19:58,882 for $100 million. [crowd gasps] 1853 01:19:58,882 --> 01:20:00,427 When asked how they're gonna raise the money, 1854 01:20:00,427 --> 01:20:02,388 they said, "How about a musical festival?" 1855 01:20:02,388 --> 01:20:04,810 [laughter] 1856 01:20:04,810 --> 01:20:08,400 MICHAEL: I wish it was a joke, but after the Bahamas, 1857 01:20:08,400 --> 01:20:12,493 we went to Los Angeles. Ja Rule was there. 1858 01:20:12,493 --> 01:20:14,580 Billy was there. 1859 01:20:20,258 --> 01:20:23,723 MICHAEL: We're talking just a month after the disaster, 1860 01:20:23,723 --> 01:20:27,898 Fyre Festival 2018 was the goal. 1861 01:20:27,898 --> 01:20:29,735 CALVIN: When the thing went belly up, 1862 01:20:29,735 --> 01:20:34,537 Ja Rule took absolutely no accountability. 1863 01:20:34,537 --> 01:20:36,833 That's amazing to me. 1864 01:20:36,833 --> 01:20:40,882 But even though Ja Rule wasn't sweating any repercussions, 1865 01:20:40,882 --> 01:20:43,638 Billy was gonna have to deal with the FBI. 1866 01:20:51,361 --> 01:20:54,702 REPORTER: William McFarland, who created and founded 1867 01:20:54,702 --> 01:20:56,622 Fyre Festival with rapper Ja Rule, 1868 01:20:56,622 --> 01:20:58,960 arrested and charged with wire fraud 1869 01:20:58,960 --> 01:21:02,300 by the FBI, Friday. 1870 01:21:02,300 --> 01:21:05,056 ‐ The legal situation does not involve any aspects 1871 01:21:05,056 --> 01:21:07,226 of the execution of the festival. 1872 01:21:07,226 --> 01:21:09,147 BILLY: So financial dealings have nothing to do 1873 01:21:09,147 --> 01:21:10,776 with the execution of the festival? 1874 01:21:10,776 --> 01:21:12,654 ‐ Any payments made to vendors, team members, 1875 01:21:12,654 --> 01:21:15,702 are not in question in terms of any legal proceedings, no. 1876 01:21:15,702 --> 01:21:17,831 [dark music] 1877 01:21:17,831 --> 01:21:19,960 ♪ ♪ 1878 01:21:19,960 --> 01:21:22,006 JAKE: I'm looking right now at all of the details 1879 01:21:22,006 --> 01:21:25,722 that they're laid out in their case against him. 1880 01:21:25,722 --> 01:21:28,394 "McFarland's fraud was a deliberate plan 1881 01:21:28,394 --> 01:21:32,193 to deceive, motivated by unadulterated greed." 1882 01:21:32,193 --> 01:21:33,905 OVERLAPPING VOICES: "Whenever he needed more money, 1883 01:21:33,905 --> 01:21:36,326 he lied to investors." "Lack of remorse." 1884 01:21:36,326 --> 01:21:37,538 COMPUTERIZED VOICE: "He did not feel 1885 01:21:37,538 --> 01:21:39,332 that what he was doing was wrong." 1886 01:21:39,332 --> 01:21:42,088 JAKE: "Throughout this scheme, McFarland causes losses 1887 01:21:42,088 --> 01:21:45,554 "to at least 80 victim‐investors 1888 01:21:45,554 --> 01:21:49,269 totaling more than $24 million." 1889 01:21:49,269 --> 01:21:54,279 ‐ We didn't break the law in the execution of the festival. 1890 01:21:54,279 --> 01:21:56,909 MAN: What were you indicted for? 1891 01:21:56,909 --> 01:21:58,830 ‐ Uh, I'm not gonna comment on any criminal‐‐ 1892 01:21:58,830 --> 01:22:01,586 ongoing criminal proceedings. MAN: But you were indicted. 1893 01:22:01,586 --> 01:22:03,380 ‐ I'm not‐‐I cannot comment on any ongoing 1894 01:22:03,380 --> 01:22:05,510 criminal proceedings. MAN: But there are 1895 01:22:05,510 --> 01:22:08,056 ongoing criminal proceedings? ‐ [stammers] 1896 01:22:08,056 --> 01:22:10,770 I can't comment on this. 1897 01:22:10,770 --> 01:22:12,900 BEN: He can come on he didn't do it, 1898 01:22:12,900 --> 01:22:15,196 but he's signing documents that say he did it. 1899 01:22:15,196 --> 01:22:18,285 And ultimately, you had a guilty plea. 1900 01:22:18,285 --> 01:22:21,959 ♪ ♪ 1901 01:22:21,959 --> 01:22:24,882 MAN: Has anyone ever called you a compulsive liar? 1902 01:22:24,882 --> 01:22:27,804 ‐ I've been called a lot of things since the festival. 1903 01:22:27,804 --> 01:22:32,230 MAN: So you don't believe you have a compulsion 1904 01:22:32,230 --> 01:22:35,110 to augment the truth? 1905 01:22:35,110 --> 01:22:37,406 ‐ It's like you're calling me all these crazy things, man. 1906 01:22:37,406 --> 01:22:39,285 Like, show me one thing that I said that's not true. 1907 01:22:39,285 --> 01:22:41,248 MAN: So you're not a liar? ‐ Show me one thing I said 1908 01:22:41,248 --> 01:22:44,337 that's not true today. I'm ready. 1909 01:22:44,337 --> 01:22:46,717 I'll sit here and wait. 1910 01:22:46,717 --> 01:22:50,684 MAN: Okay. Magnises. 1911 01:22:50,684 --> 01:22:52,980 ‐ We had over 10,000 paying customers. 1912 01:22:52,980 --> 01:22:55,735 ‐ We have 100,000 customers around the globe. 1913 01:22:55,735 --> 01:22:57,698 COMPUTERIZED VOICE: According to former Magnises employees, 1914 01:22:57,698 --> 01:23:01,371 Magnises never had more than 4,000 to 5,000 members. 1915 01:23:01,371 --> 01:23:03,918 ‐ We spent $30 million to execute this festival. 1916 01:23:03,918 --> 01:23:05,797 COMPUTERIZED VOICE: But that was not true. 1917 01:23:05,797 --> 01:23:07,593 ‐ We had 250 houses rented. COMPUTERIZED VOICE: Not true. 1918 01:23:07,593 --> 01:23:10,264 ‐ I spent $5.9 million of my own money. 1919 01:23:10,264 --> 01:23:12,018 COMPUTERIZED VOICE: Not true. He lied to investors. 1920 01:23:12,018 --> 01:23:13,896 Defrauded. Repeated misrepresentations. 1921 01:23:13,896 --> 01:23:15,399 Deliberate plan to deceive. 1922 01:23:15,399 --> 01:23:16,777 Fictitious and forged documents. 1923 01:23:16,777 --> 01:23:18,448 A sham. Betrayed and deceived 1924 01:23:18,448 --> 01:23:20,785 his investors, customers, and employees. 1925 01:23:20,785 --> 01:23:24,417 ♪ ♪ 1926 01:23:24,417 --> 01:23:26,046 ‐ Okay, I'm gonna take a ten‐minute break 1927 01:23:26,046 --> 01:23:28,509 and I'll come back and we'll continue. 1928 01:23:28,509 --> 01:23:30,472 MAN: Uh, what's the ten‐minute break for? 1929 01:23:30,472 --> 01:23:32,601 To come up with that, or... ‐ No, I'm taking 1930 01:23:32,601 --> 01:23:36,817 a personal break. MAN: Okay. 1931 01:23:36,817 --> 01:23:39,155 MARIA: I would not trust a single word 1932 01:23:39,155 --> 01:23:41,326 that Billy says about his own motivations 1933 01:23:41,326 --> 01:23:42,954 or about himself 1934 01:23:42,954 --> 01:23:47,213 simply because Billy McFarland is a con artist. 1935 01:23:47,213 --> 01:23:49,050 I know all about them. 1936 01:23:49,050 --> 01:23:51,806 You know, I've researched them. I know they ruin lives. 1937 01:23:51,806 --> 01:23:54,352 They look into your soul, they see what you're missing, 1938 01:23:54,352 --> 01:23:56,691 and they take advantage of that. 1939 01:23:56,691 --> 01:23:59,195 The most surprising thing about con artists 1940 01:23:59,195 --> 01:24:04,163 is just how normal and likable they are. 1941 01:24:04,163 --> 01:24:08,589 For a con artist, deception is a constant practice. 1942 01:24:08,589 --> 01:24:10,677 A con artist would pass a lie detector test 1943 01:24:10,677 --> 01:24:14,852 with flying colors because there's no tension there. 1944 01:24:14,852 --> 01:24:17,566 To them, this is the truth. 1945 01:24:17,566 --> 01:24:19,110 They aren't delusional. 1946 01:24:19,110 --> 01:24:21,114 They're doing it very deliberately. 1947 01:24:21,114 --> 01:24:24,747 Billy has been running small cons his entire life. 1948 01:24:24,747 --> 01:24:26,667 ♪ ♪ 1949 01:24:26,667 --> 01:24:29,423 We're gonna be hearing from him again. 1950 01:24:29,423 --> 01:24:31,677 All con artists end up going back to conning. 1951 01:24:31,677 --> 01:24:34,600 ♪ ♪ 1952 01:24:34,600 --> 01:24:36,896 ANASTASIA: When me and Billy met, 1953 01:24:36,896 --> 01:24:40,779 it was destiny for us, I guess. 1954 01:24:40,779 --> 01:24:44,995 It's like, it's love. I don't know how to explain it. 1955 01:24:44,995 --> 01:24:46,791 Babe, what are you doing here? 1956 01:24:46,791 --> 01:24:49,003 ‐ We're going on a little ride. Come on. Get in. 1957 01:24:49,003 --> 01:24:51,299 ‐ I never had this kind of connection, 1958 01:24:51,299 --> 01:24:55,600 but he drew my attention just with his energy. 1959 01:24:55,600 --> 01:24:59,148 MARIA: Con artists like Billy are really personable. 1960 01:24:59,148 --> 01:25:03,616 They're fun and have just extraordinary charm. 1961 01:25:03,616 --> 01:25:07,874 ‐ But then I Googled him. 1962 01:25:07,874 --> 01:25:11,297 That's when I realized that he was connected to Fyre Festival. 1963 01:25:11,297 --> 01:25:14,095 My mind, maybe my head, was saying one thing, 1964 01:25:14,095 --> 01:25:16,642 but then I had these feelings in my heart. 1965 01:25:16,642 --> 01:25:19,272 MARIA: These are people who get people to trust them, 1966 01:25:19,272 --> 01:25:22,319 and they have an explanation for everything. 1967 01:25:22,319 --> 01:25:25,075 ANASTASIA: He kind of explained me that, you know, 1968 01:25:25,075 --> 01:25:29,501 at some point, I guess he lost the sense of reality. 1969 01:25:29,501 --> 01:25:30,879 REPORTER: The biggest event in decades. 1970 01:25:30,879 --> 01:25:32,006 REPORTER: Tech mogul, Billy McFarland. 1971 01:25:32,006 --> 01:25:33,049 REPORTER: The next Zuckerberg. 1972 01:25:33,049 --> 01:25:35,972 [overlapping voices] 1973 01:25:35,972 --> 01:25:39,145 ‐ [exhales, laughs] Sorry. 1974 01:25:39,145 --> 01:25:41,650 I think I'm shaking a little, and that's getting... 1975 01:25:41,650 --> 01:25:43,069 [laughs] 1976 01:25:43,069 --> 01:25:45,491 [eerie music] 1977 01:25:45,491 --> 01:25:47,244 ♪ ♪ 1978 01:25:47,244 --> 01:25:50,000 CALVIN: After the festival, Billy was out on bail 1979 01:25:50,000 --> 01:25:53,925 and still living a larger‐than‐life lifestyle. 1980 01:25:53,925 --> 01:25:55,720 I remember walking past Billy, 1981 01:25:55,720 --> 01:25:56,847 and one of my friends was with him. 1982 01:25:56,847 --> 01:25:58,643 I said, "What are you doing?" 1983 01:25:58,643 --> 01:26:01,314 He's like, "I don't know. Billy's got a table up at PH‐D. 1984 01:26:01,314 --> 01:26:02,984 And I'm thinking, like, "Wait a minute." 1985 01:26:02,984 --> 01:26:04,905 You got this guy 1986 01:26:04,905 --> 01:26:08,036 that's still out buying bottles in nightclubs in Manhattan, 1987 01:26:08,036 --> 01:26:11,669 and he had his girlfriend pay cash 1988 01:26:11,669 --> 01:26:13,213 to rent a Hamptons house. 1989 01:26:13,213 --> 01:26:15,258 They're hanging out in Amagansett together. 1990 01:26:15,258 --> 01:26:17,346 How is he affording to do this? 1991 01:26:17,346 --> 01:26:19,058 ♪ ♪ 1992 01:26:19,058 --> 01:26:22,022 SETH: Around the middle of December of 2017, 1993 01:26:22,022 --> 01:26:26,072 I got an email from NYC VIP Access. 1994 01:26:26,072 --> 01:26:28,284 It was a guy named Frank Tribble 1995 01:26:28,284 --> 01:26:30,540 offering Masters tickets. 1996 01:26:30,540 --> 01:26:32,919 My friends who had attended Fyre Festival 1997 01:26:32,919 --> 01:26:35,758 got the same email, and I kept getting them. 1998 01:26:35,758 --> 01:26:39,390 I got the Victoria's Secret, the Met Gala, Burning Man. 1999 01:26:39,390 --> 01:26:42,062 CALVIN: You can't buy tickets to the Met Gala. 2000 01:26:42,062 --> 01:26:43,816 I'd try. 2001 01:26:43,816 --> 01:26:45,820 You can't buy tickets to Victoria's Secret fashion show. 2002 01:26:45,820 --> 01:26:47,699 I've really tried that. 2003 01:26:47,699 --> 01:26:50,705 These are things that don't exist. 2004 01:26:50,705 --> 01:26:52,542 POLLY: If you've never been out on bail before, 2005 01:26:52,542 --> 01:26:54,253 that's the time in your life 2006 01:26:54,253 --> 01:26:57,510 where you wanna be committing the least number crimes. 2007 01:26:57,510 --> 01:27:00,558 SETH: I assumed Billy had sold this email list. 2008 01:27:00,558 --> 01:27:02,562 Like, I didn't actually think Billy was behind the scenes, 2009 01:27:02,562 --> 01:27:04,941 doing any of this. 2010 01:27:04,941 --> 01:27:06,570 So he was? 2011 01:27:15,253 --> 01:27:17,299 ‐ [laughing] 2012 01:27:17,299 --> 01:27:20,723 [both laughing] 2013 01:27:20,723 --> 01:27:23,896 You cannot make this up. 2014 01:27:23,896 --> 01:27:28,614 ‐ As it turns out, NYC VIP was Billy. 2015 01:27:28,614 --> 01:27:31,829 JAKE: He's out on bail for fraud and then he comes up 2016 01:27:31,829 --> 01:27:34,166 with another company to defraud people. 2017 01:27:34,166 --> 01:27:36,379 This is really a return to Billy's roots 2018 01:27:36,379 --> 01:27:38,383 when he built Magnises‐‐ it's promise people 2019 01:27:38,383 --> 01:27:42,349 exclusive access to events, and here he is doing it again. 2020 01:27:42,349 --> 01:27:45,021 BEN: He's like a gambler or an alcoholic, 2021 01:27:45,021 --> 01:27:48,654 where somebody keeps going back to that negative behavior. 2022 01:27:48,654 --> 01:27:50,825 He keeps going back to scamming people 2023 01:27:50,825 --> 01:27:54,331 like it's injected in his DNA. 2024 01:27:54,331 --> 01:27:59,885 JIA: In the millennial era, scamming is the air we breathe. 2025 01:27:59,885 --> 01:28:01,972 BEN: There is, essentially, a Fyre Festival going on 2026 01:28:01,972 --> 01:28:04,811 every day in the West Wing. 2027 01:28:04,811 --> 01:28:08,611 ‐ It's basically the Fyre Festival of budgets. 2028 01:28:08,611 --> 01:28:11,032 JIA: One of the safest ways of making money in America 2029 01:28:11,032 --> 01:28:13,454 is to get really good at exploiting people 2030 01:28:13,454 --> 01:28:15,165 and to treat everyone like a mark. 2031 01:28:15,165 --> 01:28:19,424 You've got Anna Delvey, the so‐called Soho Grifter 2032 01:28:19,424 --> 01:28:20,885 and Elizabeth Holmes, 2033 01:28:20,885 --> 01:28:23,097 the CEO and founder of Theranos. 2034 01:28:23,097 --> 01:28:24,851 And then you have Billy McFarland, 2035 01:28:24,851 --> 01:28:28,358 and all three of them coasted for a really long time. 2036 01:28:28,358 --> 01:28:31,615 ‐ I think Billy truly believed that he'd get away with it. 2037 01:28:31,615 --> 01:28:33,661 POLLY: But the rules still exist, 2038 01:28:33,661 --> 01:28:36,082 and he ended up facing three more charges 2039 01:28:36,082 --> 01:28:37,961 for wire fraud, bank fraud, 2040 01:28:37,961 --> 01:28:40,549 and giving false statements to a law enforcement officer. 2041 01:28:40,549 --> 01:28:47,104 ♪ ♪ 2042 01:28:47,730 --> 01:28:50,861 MAN: What does going to prison look like for you? 2043 01:28:50,861 --> 01:28:54,953 ♪ ♪ 2044 01:28:54,953 --> 01:28:56,163 ‐ I don't know. 2045 01:28:56,163 --> 01:28:58,084 I haven't really gotten there yet. 2046 01:28:58,084 --> 01:29:04,848 ♪ ♪ 2047 01:29:05,265 --> 01:29:08,439 BEN: Billy had his bail revoked, and he was sent 2048 01:29:08,439 --> 01:29:11,360 to jail to basically start his prison sentence. 2049 01:29:13,532 --> 01:29:15,870 COMPUTERIZED VOICE: "The United States of America 2050 01:29:15,870 --> 01:29:18,333 versus William McFarland, defendant." 2051 01:29:18,333 --> 01:29:20,378 COMPUTERIZED VOICE: "It is my conclusion 2052 01:29:20,378 --> 01:29:22,467 "that the defendant is a serial fraudster 2053 01:29:22,467 --> 01:29:25,013 "and that to‐date, his fraud, like a circle, 2054 01:29:25,013 --> 01:29:26,516 "has no end. 2055 01:29:26,516 --> 01:29:28,437 "Your choices, and yours alone, 2056 01:29:28,437 --> 01:29:30,106 "are the reasons for your sentence, 2057 01:29:30,106 --> 01:29:32,152 "which is six years in custody. 2058 01:29:32,152 --> 01:29:34,406 "There is an agreed‐upon forfeiture 2059 01:29:34,406 --> 01:29:41,420 of $26,191,306.28." 2060 01:29:41,420 --> 01:29:44,719 JAKE: Billy has defrauded people. He's harmed people. 2061 01:29:44,719 --> 01:29:46,473 People have really suffered. 2062 01:29:46,473 --> 01:29:48,477 But is six years in prison 2063 01:29:48,477 --> 01:29:50,815 actually enough for what he's done? 2064 01:29:57,954 --> 01:30:02,295 ‐ Um... 2065 01:30:02,295 --> 01:30:04,007 everyone. 2066 01:30:04,007 --> 01:30:06,596 [The Foundations' "Build Me Up Buttercup"] 2067 01:30:06,596 --> 01:30:08,349 CALVIN: We're living in an era in which 2068 01:30:08,349 --> 01:30:12,190 you can convince millions of people to do anything 2069 01:30:12,190 --> 01:30:14,988 just on marketing alone. 2070 01:30:14,988 --> 01:30:18,369 But in its wake, it leaves real harm. 2071 01:30:25,008 --> 01:30:26,428 ‐ ♪ Let me down ♪ DIALLO: They skated out 2072 01:30:26,428 --> 01:30:28,849 of town and left everybody high and dry. 2073 01:30:28,849 --> 01:30:30,268 Can I curse on here? MAN: Yeah, go ahead. 2074 01:30:30,268 --> 01:30:32,105 ‐ He's a fuck‐shot. He's a fuck‐shot. 2075 01:30:32,105 --> 01:30:33,567 It was a scam from the beginning. 2076 01:30:33,567 --> 01:30:35,529 ‐ ♪ I need you, I need you ♪ 2077 01:30:35,529 --> 01:30:37,658 BEN: Don't just focus on Billy. There are people who helped 2078 01:30:37,658 --> 01:30:40,998 Billy commit fraud so that they could make their money. 2079 01:30:40,998 --> 01:30:42,877 MAN: Yeah, that's Billy and Grant, 2080 01:30:42,877 --> 01:30:44,839 our new EMTs. 2081 01:30:44,839 --> 01:30:47,970 EMILY: I heard that Grant is now an EMT. 2082 01:30:47,970 --> 01:30:49,849 His favorite word was "urgent." 2083 01:30:49,849 --> 01:30:52,187 I had all‐caps "urgent" in my subject lines 2084 01:30:52,187 --> 01:30:54,943 all the time, so now he actually has urgent situations. 2085 01:31:03,634 --> 01:31:05,129 CALVIN: I have very deep concerns 2086 01:31:05,129 --> 01:31:07,092 around the marketing companies‐‐ 2087 01:31:07,092 --> 01:31:09,973 anyone who kept promoting this up until the very end. 2088 01:31:15,776 --> 01:31:17,613 COMPUTERIZED VOICE: "All actions taken by Jerry Media 2089 01:31:17,613 --> 01:31:20,494 were done at the direction of the Fyre Festival." 2090 01:31:20,494 --> 01:31:24,502 "Like the ticket holders," "we were also misled." 2091 01:31:24,502 --> 01:31:26,464 "Per our previous correspondence, 2092 01:31:26,464 --> 01:31:30,138 Oren Aks has misrepresented himself." 2093 01:31:30,138 --> 01:31:33,562 ‐ Okay. [chuckles] Well, fuck you guys. 2094 01:31:33,562 --> 01:31:34,602 [air horn blares] 2095 01:31:40,421 --> 01:31:41,703 OREN: I honestly can't believe 2096 01:31:41,703 --> 01:31:45,001 this documentary‐‐ there's two of them. 2097 01:31:53,100 --> 01:31:56,566 BEN: You kind of hope they do the right thing. 2098 01:31:56,566 --> 01:31:58,027 You can hope all you want. 2099 01:31:58,027 --> 01:31:59,614 More frequently, you have to sue. 2100 01:32:06,836 --> 01:32:08,840 ‐ Motherfuckin' Ja Rule's in the building! 2101 01:32:13,224 --> 01:32:15,061 JAKE: So Ja Rule decides to go 2102 01:32:15,061 --> 01:32:16,731 on this show called "Drink Champs." 2103 01:32:16,731 --> 01:32:19,904 There's not a better place to brag about your crimes 2104 01:32:19,904 --> 01:32:22,033 than a show where a bunch of guys get drunk. 2105 01:32:22,033 --> 01:32:23,829 ‐ People didn't really know I had anything to do 2106 01:32:23,829 --> 01:32:25,958 with the festival until... MAN: Until it went wrong. 2107 01:32:25,958 --> 01:32:27,545 That's the crazy part. ‐ Until it went wrong. 2108 01:32:27,545 --> 01:32:29,674 "Ja Rule's Festival!" MAN: And then they‐‐yeah. 2109 01:32:29,674 --> 01:32:31,009 They're trying to blame somebody. 2110 01:32:31,009 --> 01:32:32,387 [laughter] ‐ ♪ Ooh ♪ 2111 01:32:32,387 --> 01:32:33,890 CALVIN: By the end of it, he's like, 2112 01:32:33,890 --> 01:32:35,894 "Yeah, it was my vision the whole time." 2113 01:32:35,894 --> 01:32:40,069 ‐ It was my idea, my vision, to do this. 2114 01:32:40,069 --> 01:32:43,075 ‐ This whole thing is‐‐ is an incredible story 2115 01:32:43,075 --> 01:32:45,539 because now he's out trying to do it all again 2116 01:32:45,539 --> 01:32:48,795 with Iconn, which is just a re‐branded Fyre app. 2117 01:32:48,795 --> 01:32:50,549 JIA: It's just an app where you can book rich people 2118 01:32:50,549 --> 01:32:54,097 to, you know, play your birthday party or whatever. 2119 01:32:54,097 --> 01:32:57,730 ‐ It's very different, but it‐‐it's similar. 2120 01:33:03,295 --> 01:33:04,999 ‐ ♪ I need you ♪ 2121 01:33:08,794 --> 01:33:12,383 ANASTASIA: Jail sucks. Don't go to jail. 2122 01:33:12,383 --> 01:33:14,806 He says in the letter, like, uh... 2123 01:33:14,806 --> 01:33:17,143 [laughing] "I took a shower in the sink." 2124 01:33:17,143 --> 01:33:20,233 It's also, like, "Billy loves Anastasia." 2125 01:33:20,233 --> 01:33:22,738 Like, the drawings. You see? 2126 01:33:26,286 --> 01:33:28,583 JAKE: Billy is now teaching a class 2127 01:33:28,583 --> 01:33:32,215 on music entrepreneurship to fellow inmates. 2128 01:33:32,215 --> 01:33:34,135 In a certain sense, I mean, I guess you have to admire 2129 01:33:34,135 --> 01:33:35,806 the hustle. 2130 01:33:35,806 --> 01:33:39,312 ‐ This is him calling. Can I answer really quick? 2131 01:33:39,312 --> 01:33:43,572 OPERATOR: This call is from... BILLY: William McFarland. 2132 01:33:43,572 --> 01:33:46,243 ‐ Hey, babe. ‐ ♪ Ooh ♪ 2133 01:33:46,243 --> 01:33:49,876 BEN: It's a great time to be a con man in America. 2134 01:33:49,876 --> 01:33:52,631 ‐ ♪ Why do you build me up ♪ ‐ ♪ Build me up ♪ 2135 01:33:52,631 --> 01:33:55,554 ‐ ♪ Buttercup, ba... ♪ [music dies] 169744

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