Christopher Earl Lloyd, 39, was charged with 13 counts of wire fraud for allegedly using dating apps to scam over $2 million from victims by lying about his financial success.
Billy McFarland auctioned the branding rights of Fyre Festival on eBay for $245,300, receiving 175 bids, highlighting the event's lasting notoriety and his future endeavors.
This is a mess created by me. Federal authorities, including the Department of Justice (DOJ), are now investigating, according to an April call between the lead prosecutor and potential victims.
The picture painted is not pretty. The FCA is seen as incompetent at best, dishonest at worst. Its actions are slow and inadequate, its leaders opaque and unaccountable. Financial crime is a massive problem in the UK, making it vital that the watchdog is delivering on its objective to provide consumer protection.