Although the Fyre Festival disaster happened almost two years ago, the aftermath is still underway. According to The Blast, Migos have agreed to pay back $30,000 as part of a legal battle for their payday from the Fyre Festival.
According to court documents reportedly obtained by The Blast, Offset, Quavo, and Takeoff have come to an agreement in the Fyre Festival bankruptcy.
The highly successful rap trio was paid $100,000 to perform for the doomed Fyre Festival that never took place. Migos agreed to pay $30,000 to the Trustee presiding over the Fyre Festival bankruptcy. The court documents allegedly read, “The Defendant shall pay the total sum of $30,000.00 (the “Settlement Payment”), as full and final settlement and complete satisfaction of any claims the Trustee has raised against the Defendant.”⠀⠀
All claims against Migos will be dismissed by the Judge as a result of the settlement that was agreed upon.
In August 2019, the Trustee who was assigned to preside over the Fyre Festival bankruptcy sued a number of celebrities who were paid to promote the fraudulent festival.
The Trustee filed lawsuits demanding that the celebrities that were paid to return the money that was received to assist on paying back millions owed to multiple creditors. Some of the celebrities that were sued include Blink 182, Kendall Jenner, and model Emily Ratajkowski.
The Trustee cited Kendall and Emily for having a “clear lack of good faith” since they failed to let their followers know that they were compensated for the social media posts.
Additionally, “Nor did they inform their fans and followers that they ultimately decided not to attend the Festival because of problems with the Festival of which they and their agencies were uniquely aware.”
Leading talent agency ICM was also sued for over $350,000 that was paid to lock in performances from Lil Yachty, Migos, and Rae Sremmurd.
The man responsible for the Fyre Festival scam, Billy McFarland, was sentenced to six years in prison on fraud charges. He is currently in prison after pleading guilty to the charges. He was ordered to pay a staggering $26 million in restitution once he is released from prison.
The lawsuits filed by the Trustee is desiring the return of $14.4 million that was paid out from the Fyre Festival. The Blast reports that “Billy McFarland is accused of spending $315,645 on personal expenses including a fancy New York penthouse.”
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