|Billy McFarland addressing Fyre "Festival" attendees.|
Apparently Billy spent the night in jail, appeared before a judge on Saturday and was released on $300,000 bail.
Cops say he had $5,000 in cash on him when he was arrested.
His lawyers didn't show up. He was represented by a public defender.
He reportedly moved out of his $21,750-a-month penthouse apartment and has gone to his parents' house in New Jersey.
No word on his $110,000 Maserati.
"It is clear that he did not understand the gravity and the severity of the charges until now," Assistant U.S. Attorney Kristy Greenberg told reporters.
His partner, Ja Rule, served several years in prison on various charges and can tell him all about it.
Are there any countries people in his situation flee to these days? It sure wouldn't hurt anything if he panicked and made a run for it.