Fyre Festival founder speaks out for 1st time behind bars

Billy McFarland, who is currently serving a six-year sentence for defrauding investors of more than $26 million, also talks about the lie he admits to telling in a new episode of “The Con.”
2:25 | 03/03/21

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Transcript for Fyre Festival founder speaks out for 1st time behind bars
Now to an ABC news exclusive. The masterbehind behind the notorious fire festival speaking out for the first time from behind bars about the fiasco three years ago. Amy robach has more on what led to trouble in paradise. Good morning, Amy. Good morning to you, Michael. Yes, it is all on tonight's episode of ABC news "The con," we will hear from Mcfarland for the very first time on TV while serving his six-year sentence for defrauding investors of over $26 million revealing the lie that started it all. It was supposed to be a one of a kind luxury party in paradise. Guests developing up to $100,000 for an elite Bahamas experience. The actual experience exceeds all expectations. Reporter: But the party was over before it even began. We had no electricity, no showers, no bathrooms. No like running water. Reporter: The man behind it Billy Mcfarland arrested and convicted for fraud owing more than $26 million in restitution. This call is from a federal Reporter: Mcfarland is serving six years behind bars, on tonight's episode of "The con" ABC news goes behind the scenes getting exclusive access with podcaster Jordan harbinger as Mcfarland speaks out from his prison cell. I think the biggest mistake before I went awry was setting an unrealistic time frame for the festival. Given ourselves a year or two would have been in a better place. Reporter: Cobbled together in six months you. Let down so many people. What do you say to people who call you a con man? No way I can describe it other than what the Was I thinking? I think that applies to so many people and just so many decisions I made. Did you knowingly con the investors to get their backing? Billy Mcfarland is set for release in August of 2023. His attorney says he's been in solitary confinement for four months while waiting to be transferred to another facility and is beginning to feels the strains of solitary confinement and calling it unduly harsh. "The con" airs tonight at 10 eastern right here on ABC and can be viewed the next day on demand and hulu.

This transcript has been automatically generated and may not be 100% accurate.

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