The actions of the founders of the Fyre Festival were considered fraudulent primarily because "They provided financial reports with false information." This misrepresentation to investors and attendees about the festival's financial status and logistical capabilities constituted fraud.
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 got investors to commit funds to the festival.
They provided financial reports with false information.
They provided financial reports with false information.
Many attendees were very disappointed in the product provided.
Many attendees were very disappointed in the product provided.
The founder may be required to refund the money paid by participants.
The founder may be required to refund the money paid by participants.
1 answer