Festival Marketed to Rich Millennials Turns out to Be a Horrifying Scam for Millions of Dollars

The Scammers

The two heads of operation were rapper and producer Ja Rule and tech-entrepreneur Billy McFarland. According to Ja Rule’s testimony, McFarland approached his team in 2015 with the idea and apparent schematics in terms of money, venue, budget, and amenities.

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The More You Know

  • If you heat up a magnet, it will lose its magnetism.
  • It costs the U.S. Mint almost twice as much to mint each penny and nickel as the coins are actually worth. Taxpayers lost over $100 million in 2013 just through the coins being made.
  • Donkeys and dolphins are sometimes used as guard animals.
  • Parts of the Great Wall of China were made with sticky rice.
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