stefani ramos, abc news, bronx, new york. >>> remember that failed musical festival in the bahamas? well, the man behind it has been charge and arrested with fire fraud. william mcfarland developed the event with ja rule. he promised a life-changing music festival and instead delivered a di ssaster. it was delivered as a star-studded spectacle on a secluded island and instead, hundreds were left stranded. >> no electricity or showers or running water. >> it was $4,000 and what we got was closer to i would say zero dollar dollars. >> court documents say that it was altered financial statements saying that his company made millions of dollars and in fact, took in less than $60,000 in the last two years, and mcfarland says that he is not the villain that the government portrays him as, and he could face up to 20 years in prison if convicted. >>> one of the busiest shopping districts in the world is giving us a glimpse into the future of retail, and it is looking very green. a shopping district of oxford street has been transformed into a experimental smart street blending technology wi