Fyre Festival was in millions of debt before it began
In the weeks before Fyre Festival, its organisers borrowed $7 million in a last-minute bid to fund the Bahamas music showcase. Documents show nearly $1 million remains unaccounted for, while it is unclear how the rest was spent. One of the investors, EHL Funding LLC member Ezra Birnbaum, who loaned Fyre Festival $3 million, has sued its organisers for defaulting.