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NEWS ABOUT: Lou Pearlman

More About:  N'Sync • Backstreet Boys • Ponzi scheme • boy bands • fine • jail • conviction • prosecutor • fraud • reality TV

Jailed Boy-Band Schemer Plots Reality Show

It's ' Making the Band meets Charlie's Angels meets Bernie Madoff'

(Newser) - 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,... More »

Boy-Band Promoter to Repay $300M

Court assesses damages of boy band promoter's ponzi scheme

(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, at a minimum, in restitution... More »

Boy-Band Brain Gets 25 Years for Fraud

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

(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... More »

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