Doomed Fyre Festival Founder Billy McFarland Pleads Guilty to Wire Fraud, Facing 10 Years In Prison

Remember the notorious Fyre Festival disaster that the organizers tried to hide under the rug? Well one of last year's wildest and weirdest moments now has a darker update: its founder may be going to jail.

Billy McFarland, 26, pleaded guilty to wire fraud charges on Tuesday for lying to over 80 investors who lost over $26 million, Associated Press reports. Bloomberg points out that each of MacFarland's charges (who is one of the main faces behind the Bahamas music festival) come with a maximum sentence of 20 years in prison, for a whopping total of 40 years spent behind bars. But he and his legal team wagered a plea deal with prosecutors where he will serve between eight and 10 years in prison. McFarland can also request leniency.