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Billy McFarland leaves federal court after his arraignment in New York on Saturday, July 1, 2017. McFarland is charged with scheming to defraud investors in his company, Fyre Media. His Fyre Festival was billed as an ultra-luxurious event with headliners including rockers Blink-182 and the hip-hop act Migos, but the show was canceled after performers bowed out. (AP Photo/Mary Altaffer)

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Billy McFarland, right, leaves federal court with his attorney Sabrina Shroff after his arraignment, Saturday, July 1, 2017, in New York. McFarland is charged with scheming to defraud investors in his company, Fyre Media. McFarland's Fyre Festival was billed as an ultra-luxurious event with headliners including rockers Blink-182 and the hip-hop act Migos, but the show was canceled after performers bowed out. (AP Photo/Mary Altaffer)

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Billy McFarland, right, is followed by reporters as he leaves federal court after his arraignment, Saturday, July 1, 2017, in New York. McFarland is charged with scheming to defraud investors in his company, Fyre Media. McFarland's Fyre Festival was billed as an ultra-luxurious event with headliners including rockers Blink-182 and the hip-hop act Migos, but the show was canceled after performers bowed out. (AP Photo/Mary Altaffer)