Christian Concert Promoter Charged With $3M Investment Fraud
A man and his company are accused of using $3 million from nearly 150 investors, which he said was meant to promote Christian music concerts and festivals, to pay off personal debts. Jeffrey E. Wall of Freeport, Maine and his business, The Lighthouse Events LLC, are the center of... Read more
Fyre Fest’s Billy McFarland Ordered To Pay $3M To Former Investor
Entrapreneur Billy McFarland, the infamous leader behind 2017’s failed Fyre Festival, has been ordered to pay back $3 million to an investor who sponsored the event. Earlier this week, New York County Judge Joel H. Cohen handed out a default judgement in favor of EHL Funding, the defrauded investor,... Read more
Poker Pro Sentenced To Prison For Super Bowl, World Cup Ticket Scam
A California poker pro, who pled guilty to running a ticket scheme and scamming investors out of more than $6 million in Super Bowl and World Cup tickets, was sentenced to 18 months in prison on Wednesday. The 47-year-old from Aliso Viejo, Seyed Reza Ali Fazeli, ran a ticket... Read more
Investors Push For eBay To Cut Ties With StubHub, Focus On Marketplace
A pair of investors, who hold a large stake in eBay, urged the company to either sell or spin-off StubHub and its classifieds unit in order to shift focus onto its Marketplace. New York investors Elliot Management Corp. and Starboard Value LP called on eBay to cut ties with... Read more