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
News Dr. Dre Shades The Game When Asked About Super Bowl Halftime Show Dr. Dre Shades The Game When Asked About Super Bowl Halftime Show / News News Report:  Puff Daddy Is Running MDC Brooklyn Report: Puff Daddy Is Running MDC Brooklyn / News News Shyne Explains how Much Diddy Gave Him For Ten Years & Spitting in His face Shyne Explains how Much Diddy Gave Him For Ten Years & Spitting in His face / News News Reginae Carter Responds To Backlash For Showing Her Bare Butt Reginae Carter Responds To Backlash For Showing Her Bare Butt / News News Roc Nation Signs Four New Rappers Roc Nation Signs Four New Rappers / News News Drake Has The Internet Buzzing After Sharing New Lyrics Drake Has The Internet Buzzing After Sharing New Lyrics / News