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Trax Records Sued

Iconic Chicago House Label Trax Records Sued For Decades of Illegal Business Practices

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When house music emerged from Chicago in the Eighties, it was a global phenomenon, helping sire rave scenes in the UK and Europe, and blueprinting the global club and EDM-festival scene. A large number of Chicago’s early house classics came out on Trax Records—songs like Phuture’s “Acid Tracks,” Mr. Fingers’ “Can You Feel It,” Frankie Knuckles and Jamie Principle’s “Baby Wants to Ride” and “Your Love,” Adonis’s “No Way Back,” and On the House feat. Marshall Jefferson’s “Move Your Body.”  Read more

Fyre Festival Co-Founder Billy McFarland Finally Arrested on Fraud Charge

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If you thought that the Fyre Festival debacle was over or swept under the rug, you were wrong.

This past Friday co-founder Billy McFarland was arrested on a count of “write fraud” and is now facing up to 20 years in prison. The charge comes from illegal activities leading up to Fyre Festival, possibly the biggest music event failure of all time at least as far as the negative publicity it received in the wake of all that went wrong.

Fyre Media LLC, Billy’s company, is thought to have been connected with an illegitimate scheme to defraud investors by misrepresenting its financial information.

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Latest Verboten Update: Owner Jen Schiffer Arrested on Fraud Charges

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The Verboten New York saga doesn’t seem to be stopping. We reported only last weekend that the Brooklyn club re-opened its doors on Saturday after news that its entire operation had been shut down and seized by the State of New York as a result of failure to pay taxes. The reopening was allowed to occur as the nightclub filed for Chapter 11 bankruptcy.

Those news had come after months of allegation from artists, investors and employees that the owners of the club, Jen Schiffer and Jen Perez, hadn’t been paying wages, artist fees and were guilty of misappropriation and mishandling of funds. Allegations also arose that saw both owners accused of sexual harassment.

News today from a Facebook post seemed to indicate that Schiffer has possibly been arrested in New York on charges of fraud.

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Now, reports confirm the arrest, stating that NYPD took Schiffer into custody in Greenpoint at around 1pm local time and charged her in connection with writing five fraudulent checks amounting to $31,000. This follows claims by the Department of Taxation & Finance last week that the club was guilty of failing to pay $360,378.05 in taxes.

We have contacted Verboten New York for comment but have not yet received a reply.