A supposedly opulent music festival on a private island in the Bahamas, which was plugged as an unprecedented V.I.P. event by Instagram influencers including Kendall Jenner and Emily Ratajkowski, descended into dysfunction and disarray as soon as it began on Thursday and has since been postponed indefinitely, organizers said.

Sounds like an incredible scam. Tickets sold for $1,000 to $12,000 for the festival.