Like a boy who flew too near the solar whereas sporting an Izod polo shirt, the collapse of the Fyre Competition will stay on in fable, an emblem of upscale outdoor-concert hubris laid low by ignorance and, um, wire fraud. The aborted competition, which stranded lots of of rich idiots in a mosquito-ridden wasteland of Mad Max-like proportions within the Bahamas, will probably be synonymous with disastrous conceitedness married to a complete lack of organizational expertise, planning, and even competent decision-making on the highest ranges of its firm. If solely we had some type of present analogous scenario to make use of as a stand-in for that state of affairs.
And now, driving the final Crimson Bull-fueled nail into the wristband-wearing coffin of Fyre Competition LLC’s miserably brief life, Rolling Stone reviews a decide has positioned the corporate in chapter. A go well with filed in July by three of the greater than 20 individuals who loaned the competition upwards of $four million sought to position the corporate in chapter seven chapter with a purpose to discover out the place their share of these contributions—roughly $530,000—disappeared to, and whether or not any of it may very well be recovered. (Presumed solutions: “Horny Instagram pictures” to the previous, and “Not a snowball’s likelihood in hell” to the latter.) The decide ordered Fyre Competition LLC to organize paperwork accounting for its money owed and funds. The corporate didn’t contest the ruling, probably as a result of it’s already sitting in a bar someplace, drunkenly boasting that it used to know Ja Rule.