Billy McFarland, the 26-year-old founder of Fyre Festival, has been sentenced to six years in prison. Business Insider reports, McFarland pleaded guilty to wire-fraud charges made against him in relation to Fyre Festival. Fyre Festival became infamous after hundreds of attendees were left stranded in the Bahamas. The remorse I feel is crushing. I lived every day with the weight of knowing that I literally destroyed the lives of my friends and family. McFarland at his sentencing Thursday.