Magnises, the credit card for millennials launched by Fyre Fest founder Billy McFarland, has come under scrutiny by a New York bankruptcy trustee who is trying to make sense of how McFarland blew through $26 million in investor money.
Earlier today, a judge approved a new round of subpoenas to individuals who received money from McFarland, including models Kendall Jenner and the agency representing Bella Hadid, which we detail in the story below. But a few of the payments have raised eyebrows in the live entertainment world, including a February 2017 payment for $100,000 to Brooklyn Events, the holding company for the Barclays Center arena.
“Magnises bought tickets to various events for its members,” a spokesperson for the arena told Amplify, offering few details on how the money was spent. We did a little digging and found this Magnises Facebook post for the “Magnises SportsPass powered by Barclays Center.”
“With SportsPass, you’ll be able to access 4 lower level tickets and 8 suite tickets to Brooklyn Nets, New York Islanders, College Hoops and Brooklyn Boxing (totaling 48 accessible tickets),” the post read.
The Magnises Facebook page outlines all kinds of different offers made to card holders and the page appears to be back up and running with someone posting an Onion article from the account on Saturday. Amplify messaged the administrator running the site but did not receive and answer.
If you’ve got some time to kill and want an insider look at how Magnises interacted with customers, you can peruse the page here.