Vermont’s Minus Zero Festival — which Page Six reported on Saturday is under fire after stiffing vendors, from hired security to first-aid teams — was once backed by a now-convicted felon.
We hear that the festival was formerly financed by Jason Nissen, who was busted in 2017 for running a $70 million Ponzi scheme involving selling tickets to top-tier events including “Hamilton.”
Nissen’s con has echoes of infamous Fyre Festival organizer Billy McFarland — who allegedly ran a ticket scam with his first company, Magnises, and later was accused of conning people by selling fake tickets to events including the Grammys and Met Gala.
Nissen, CEO of National Events Company, pleaded guilty, leaving Danny Bitar, the Minus Zero fest’s founder, to take over.
Several vendors still haven’t been paid, with Bitar revealing to us, “My plan is working really hard to pay everyone that we owe.”
Nissen’s lawyer Michael Bachner confirmed, “In 2016 and 2017, National Events Company financed and produced the Minus Zero event and the event was very successful. When they left the event — the results speak for themselves.”
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