Magnises

Billy McFarland at a 2014 Magnises event

Magnises was a card-based membership club co-founded by convicted fraudster Billy McFarland in August 2013.[1] Similar to Fyre Festival, another scam by McFarland, Ja Rule was the spokesman.[2] The club card was not itself a real credit card; members could use it to make purchases only by first linking it to one of their pre-existing credit card accounts.

  1. ^ Chayka, Kyle (2016-04-22). "Lifestyle Startups Connect Millennials to New Friends, and Brands". racked.com. Retrieved 2019-09-10.
  2. ^ Bhasin, Kim (2017-08-30). "How a black card wannabe went down in flames". Bloomberg. Retrieved 2021-03-01.