The Fyre Festival was produced by a partnership that included rapper Ja Rule. File picture: Julio Cortez/AP

Ja Rule's Fyre Festival co-founder Billy McFarland has pleaded guilty to charges of fraud over the disastrous luxury event in the Bahamas last year.

The disastrous 'luxury event' which slated by fans and performers in April last year — and while Ja Rule was not arrested or suggested to have any connection or involvement with the fraud — his partner could face up to 40 years in prison.

As reported by the BBC, McFarland has admitted to using fake documents in order to persuade investors to put more than £18.7 million into his Fyre Media Inc company.

In a document from the US Department of Justice, it says: "McFarland repeatedly made materially false statements to investors about Fyre Media's revenue and income, and manipulated Fyre Media's financial statements and supporting documentation to hide Fyre Media's true financial condition."

Fyre Festival quickly became a disaster last year when revellers, who had paid thousands of dollars for their tickets, arrived to find "half-built cabanas that were actually disaster relief tents", low-quality food and luggage dumped out of shipping containers. 

Although the festival was quickly cancelled, guests at the event were then left stranded at various airports in the US and the Caribbean.

The festival was due to run over two weekends and was billed as a "cultural moment created from an alchemic blend of music, art and food".

Blink-182 cancelled their headlining appearance, saying in a statement at the time: "We're not confident that we would have what we need to give you the quality of performances we always give fans."