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Boy-Band Promoter to Repay $300M

Court assesses damages of boy band promoter's ponzi scheme

By the Associated Press

Posted Jul 16, 2008 1:47 PM CDT

(AP) – Lou Pearlman and federal authorities have finally agreed on how much the former boy band promoter swindled from banks and investors in a decades-long scam: a staggering $300 million. That's how much the creator of the Backstreet Boys and 'N Sync will have to pay,...   Read full story »

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