3 ms·

I think the article indicates insurers need to do some due diligence on these festivals. Its unclear if Fyre even had insurance for a festival on a remote (ba

I think the article indicates insurers need to do some due diligence on these festivals. Its unclear if Fyre even had insurance for a festival on a remote (basically unpopulated) island in the Bahamas. Most festivals aren't that ambitious in location. The Fyre organizer basically didn't have it together: "Farland, 25, is alleged to have cheated at least two investors out of about $1.2 million by lying about the revenue and income of Fyre Media Inc., which he founded in 2016. He gave them phony documents claiming the company generated millions of dollars in revenue from thousands of artist bookings in a single year, when it really earned just $60,000 from about 60 performances, they said."[1] https://www.bloomberg.com/news/articles/2017-07-01/u-s-charges-fyre-festival-founder-mcfarland-with-fraud https://www.bloomberg.com/news/articles/2017-07-01/u-s-charg...

slap 9y ago
Just for your information, it wasn't on an unpopulated island but on Exuma, specifically 1 mile north from the resort "Sandals Emerald Bay" .
- mikeyouse 9y ago
  Yep, they tried really hard to make it sound like it was some far flung place and showed a lot of cleverly oriented pictures to make their case, but this is where the festival was meant to be located: https://www.google.com/maps/place/Exuma,+The+Bahamas/@23.6357712,-75.9198686 https://www.google.com/maps/place/Exuma,+The+Bahamas/@23.635... Zoom out a bit to see exactly how 'remote' it really was. Edit: Meh, mobile GMaps is messing with the link, but their property was on the north side of the island a few hundred yards from a marina.
  - krisoft 9y ago
    This is the actual beach they would have been on: https://goo.gl/maps/VN5r6NPas512 https://goo.gl/maps/VN5r6NPas512 I found it by comparing the stylized ground maps they released with the satellite imagery.
  - slap 9y ago
    Exactly, they advertised it to be on an island “once owned by Pablo Escobar” implying that it was on Norman's Cay ( https://en.wikipedia.org/wiki/Norman%27s_Cay https://en.wikipedia.org/wiki/Norman%27s_Cay) but Norman's Cay is 100 miles away. Just lies...

slap 9y ago

Just for your information, it wasn't on an unpopulated island but on Exuma, specifically 1 mile north from the resort "Sandals Emerald Bay" .

mikeyouse 9y ago
Yep, they tried really hard to make it sound like it was some far flung place and showed a lot of cleverly oriented pictures to make their case, but this is where the festival was meant to be located: https://www.google.com/maps/place/Exuma,+The+Bahamas/@23.6357712,-75.9198686 https://www.google.com/maps/place/Exuma,+The+Bahamas/@23.635... Zoom out a bit to see exactly how 'remote' it really was. Edit: Meh, mobile GMaps is messing with the link, but their property was on the north side of the island a few hundred yards from a marina.
- krisoft 9y ago
  This is the actual beach they would have been on: https://goo.gl/maps/VN5r6NPas512 https://goo.gl/maps/VN5r6NPas512 I found it by comparing the stylized ground maps they released with the satellite imagery.
- slap 9y ago
  Exactly, they advertised it to be on an island “once owned by Pablo Escobar” implying that it was on Norman's Cay ( https://en.wikipedia.org/wiki/Norman%27s_Cay https://en.wikipedia.org/wiki/Norman%27s_Cay) but Norman's Cay is 100 miles away. Just lies...