In the weeks before the Fyre Festival, organizers borrowed as much as $7 million in a last-minute bid to fund the doomed Bahamas extravaganza, according to documents reviewed by Bloomberg News. Almost $1 million is unaccounted for, and it’s unclear exactly how the rest was spent. Backers are looking to recoup their investment—funding that in one case was directly connected to how much attendees spent on such extras as tours, booze, and “upgrades.” |