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The organizers of the doomed Fyre Festival are now facing a lawsuit from lenders who allege they’re missing millions

fyre festival

In the days and weeks leading up to the spectacular disaster that was Fyre Festival, organizers Billy McFarland and Ja Rule allegedly borrowed up to $7 million as they scrambled to get the event set up in time, according to a new report by Bloomberg.

Ezra Birnbaum, who is associated with lender EHL Funding LLC, is now suing the pair of organizers for defaulting on a $3 million loan. The complaint alleges that Birnbaum’s firm was supposed to be reimbursed in part after Fyre Media received credit-card payments from festivalgoers who had loaded funds onto their “Fyrebands.”

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Source:: BusinessInsider.Com