News

Ja Rule & Billy McFarland Sued Big After Not Paying Back Fyre Festival Loan

By Daryl Nelson
pixel_start

The good times keep rolling for Ja Rule and his Fyre Festival partner Billy McFarland.

TMZ reports that the lending company EHL Funding is suing the pair for not paying back a $3 million dollar loan, which they took out to cover festival costs. Ja and McFarland borrowed the dough on April 10, about two weeks before Fyre was supposed to begin.

So far just a little under $900,000 has been paid back.  That's a problem because the rapper and McFarland were supposed to make weekly payments to EHL, but they haven't paid anything since April 21. It's safe to assume that neither have the funds to make any more loan payments, seeing as they're being sued by so many different people.

It'll probably be a very long time before Ja is free from all of this mess.

pixel_end
Posted In: News

Discuss

News A$AP Rocky Explains Why Your Favorite Rapper Is About To Be Finished A$AP Rocky Explains Why Your Favorite Rapper Is About To Be Finished / News News Ashanti Concert Was Canceled Because Almost Nobody Bought Tickets Ashanti Concert Was Canceled Because Almost Nobody Bought Tickets / News News Styles P Explains Why Drake Is Wrong About Beef Rules & Pusha T Styles P Explains Why Drake Is Wrong About Beef Rules & Pusha T / News News AR-AB and 8 Of His People Indicted On Federal Drug Charges AR-AB and 8 Of His People Indicted On Federal Drug Charges / News News Kodak Black Wants To Beat Up Post Malone Over Studio Snafu Kodak Black Wants To Beat Up Post Malone Over Studio Snafu / News News Watch 'Wild 'N Out's' Hitman Holla Punch Guy In Barbershop For Approaching His Kid Watch 'Wild 'N Out's' Hitman Holla Punch Guy In Barbershop For Approaching His Kid / News