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Boy-Band Brain Gets 25 Years for Fraud

Pearlman gets max for scamming investors, banks out of $300M

By Elizabeth Wolff,  Newser User

Posted May 22, 2008 11:21 AM CDT
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(Newser) – Lou Pearlman, the honcho behind the Backstreet Boys and 'N Sync, was sentenced yesterday to the maximum of 25 years in federal prison for masterminding a decades-long scam that bilked thousands of investors out of some $300 million, the AP reports. "The sympathy factor just doesn't run very high with the court," the judge said.

Pearlman, 53, who pleaded guilty to conspiracy, money laundering, and fraud charges in March, can shave a month off his sentence for every $1 million he returns to the friends, family, and aging retirees he swindled. But his attorney insisted: "there's no pot of gold out there."

Lou Pearlman is best known for creating the Backstreet Boys and 'N Sync.
Lou Pearlman is best known for creating the Backstreet Boys and 'N Sync.   (AP Photo/John Raoux, FILE)
Lou Pearlman, center, with members of one of his boy-band ventures, Natural, in 2003.
Lou Pearlman, center, with members of one of his boy-band ventures, Natural, in 2003.   (KRT Photos)
In better days on his private jet, Lou Pearlman chats up his boy band performers in 2003.
In better days on his private jet, Lou Pearlman chats up his boy band performers in 2003.   (KRT Photos)
A mug shot released by U.S. Marshals' Office shows Lou Pearlman in June 2007 in Guam. Pearlman was sentenced to 25 years in prison for fraud.
A mug shot released by U.S. Marshals' Office shows Lou Pearlman in June 2007 in Guam. Pearlman was sentenced to 25 years in prison for fraud.   (AP Photo)
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Pearlman's passion for boy bands was also a passion for boys
Vanity Fair

 
fraud • conviction • N'Sync • boy bands • Lou Pearlman • Backstreet Boys

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