The US Bankruptcy court is currently looking into what happened to $26 million in investor funding, and as a result, some of the famous Instagram models that were involved in the promotion of the festival are facing subpoenas.
Yikes.
According to a report by The Fashion Law, Gregory M. Messer (the court-appointed liquidation trustee for Fyre Media), is looking into the $5 million-plus paid to modeling agencies such as IMG and DNA.
These two agencies represent many of the models who appeared in the marketing videos and photos for the event that were posted on the festival on social media, such as Bella Hadid, Emily Ratajkowski, Elsa Hosk, Hailey Baldwin, Alessandra Ambrosio, and Gizele Oliveira.
A further $250,000 was paid to Kendall Jenner Inc., the entity for Kendall.
