|Did he really think he could do all this without getting arrested?|
Billy McFarland's parents reportedly sat in the back of the courtroom "looking anguished" as their big flabby baby was arraigned on wire fraud charges. His father "cradled his head in his hands" at one point, but they both beat it out of there once it was over.
He plans to move out of his $21,575-a-month apartment and in with his wealthy parents in New Jersey.
He was carrying $5,000 in cash when he was arrested, yet he had a public defender. He claims he can't afford to pay his lawyers. The public defender said he was paying off his $110,000 Maserati and that it didn't count as an asset. She said he wasn't a flight risk because he was penniless and the feds took his passport. She asked that he be released without bail. She told McFarland to say nothing and swatted his hand away when he tried to write something on a notepad.
The prosecutor, citing McFarland's lavish lifestyle and "industrial losses of tens of millions of dollars", wanted bail set at half a million dollars. It ended up being set at $300,000.
And he was immediately bailed out, so I guess he wasn't penniless after all.
|What an honor! Public defender Sabrina Schoff gets to represent McFarland.|