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The Fyre Festival Dubbed A Ponzi Scheme In New Legal Docs! Ruh Roh!

| Filed under: Icky Icky PooLegal Matters

The Fyre Festival was supposedly a Ponzi scheme.

The Fyre Festival has been called a lot of things, and we can officially add Ponzi scheme to the list!

A class action lawsuit filed against the festival organizers has reached 300 people, according to attorney Mark Geragos, and new legal documents claim that concertgoers suffered from bacterial infections and heat exhaustion, among other things.

Related: Event Planners Knew Fyre Fest Would Be Disastrous

According to TMZ, the lawsuit also claims the entire thing was a Ponzi scheme targeting "seemingly successful millennials," and that organizers knew it would be a disaster but wanted to screw people out of as much money as possible.

The lawsuit demands $100 million in damages.

Eek! This just keeps getting worse, doesn't it?

Here's hoping Ja Rule and fellow organizer Billy McFarland have a lot of spare dough lying around. And they might, considering how much people paid to go to this charade.

[Image via Twitter/WENN.]

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