Billy McFarland, who served nearly four years in prison for fraud, said in April that he would put the beleaguered brand that he founded up for sale.

Fyre Festival has sold the rights to the troubled brand, including its IP, brand trademarks, and social media assets, on eBay Tuesday for a paltry $245,300

Billy McFarland, the fraudster who brought you Fyre Festival, has sold the rights to the brand on eBay for $245,300. We do not yet know who the buyer is or what they plan to do with such cursed IP.