By Ross Ibbetson For Mailonline
Published: 16:02 GMT, 15 February 2019 | Updated: 16:02 GMT, 15 February 2019
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Ja Rule says he has plans for an iconic music festival despite the debacle of the fraudulent Fyre Festival he co-founded two years ago.
Ja Rule came up with the idea alongside young entrepreneur Billy McFarland.
But while McFarland was jailed, the musician painted himself as one of the victims, saying he lost 'plenty' of money on the scheme.
The New York rapper told TMZ: 'It is the most iconic festival that never was so I have plans to create the iconic music festival but you didn't hear it from me.'
Ja Rule said he plans to create an 'iconic music festival' despite the debacle of the Fyre Festival in 2017, which he said was 'the most iconic music festival that never was'
Fyre Festival Event Organizers Ja Rule and Billy McFarland photographed on Church Street in the Tribeca area of Manhattan in the run-up to their event in 2017
Ja Rule spoke out after two documentaries were released charting the epic failure of Fyre festival, which he co-founded (pictured with chief organizer Billy McFarland)
Ja Rule added, 'In the midst of chaos there's opportunity.'
McFarland was jailed for six years for fraud in 2018 and ordered to pay back $28 million to more than a hundred investors.
Meanwhile Ja Rule denied having anything to do with defrauding people as critics wondered why he had not faced criminal charges.
The Fyre Festival used celebrity influencers from around the world to push the luxury getaway in the
