Jailed Boy-Band Schemer Plots Reality Show

Even from jail, boy-band creator-slash-Ponzi schemer Lou Pearlman is all about the spotlight. The ‘N Sync and Backstreet Boys founder is plotting a reality show he can star in from behind bars, the New York Daily News reports. “It essentially would feature Lou's disembodied voice on a speakerphone,” says the Portfolio writer who talked to Pearlman about the concept. “Like Making the Band meets Charlie’s Angels meets Bernie Madoff.”

One potential problem? Pearlman would be dispensing advice to Biteboy, a Florida band that failed to achieve infamy even after writing a pop song about suspected murderer Casey Anthony. “Biteboy, by any definition, is a long shot,” says the journalist. Still, Pearlman has to try: His sentencing judge agreed to take a month off his sentence for every million dollars he repays. (More Lou Pearlman stories.)