Festival co-founders, American rapper Ja Rule and his business partner Billy McFarland, are being sued for fraud, negligent representation and breach of contract.

The festival was cancelled after squalid conditions were documented on social media and acts scheduled to perform did not turn up.

The pair have apologised and offered refunds to all the festival-goers.

Attendee Daniel Jung is accusing the pair of "an outrageous failure to prepare," BBC News reports.

"The festival’s lack of adequate food, water, shelter, and medical care created a dangerous and panicked situation among attendees - suddenly finding themselves stranded on a remote island without basic provisions - that was closer to The Hunger Games or Lord of the Flies than Coachella," the court filing said.

"The Fyre Festival was nothing more than a get-rich-quick scam from the very beginning," it alleged.

Fyre Festival had been marketed as a "once-in-a-lifetime" musical experience with beach cabanas and gourmet cuisine for guests to enjoy.

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Tickets to the two-weekend event on Great Exuma Island cost from $1,200 to more than $100,000 with up to 7,000 people expected to attend.

The event was launched on Instagram using a video which featured supermodels Bella Hadid, Hailey Baldwin and Emily Ratajkowski sailing on a luxury yacht.

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Although festival-goers complained about a "complete disaster" after many were stranded for hours without food, water or shelter.

The court filing described their luggage as being "unceremoniously dumped from shipping containers and left for them to rifle through".

The lawsuit also alleges Fyre’s organisers warned musicians and celebrities not to attend the festival but "refused to warn attendees about the dangerous conditions awaiting them on the island".

In a letter posted on its website over the weekend, Fyre Festival organisers said "the team was overwhelmed” adding: "They simply weren’t ready for what happened next, or how big this thing would get.”