The actions of the founders of the Fyre Festival were considered fraud primarily because they provided financial reports with false information. This misleading information was used to secure investments and entice attendees, leading to significant disappointment and financial loss for both investors and festival-goers.
What made the actions of the founders of the Fyre Festival fraud?
(1 point)
Responses
They got investors to commit funds to the festival.
They provided financial reports with false information.
Many attendees were very disappointed in the product provided.
The founder may be required to refund the money paid by participants.
1 answer