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Boy band creator sentenced to 25 years in prison | BrokenControllers.com
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 Boy band creator sentenced to 25 years in prison
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Saniya26
Level 19: Smoke Out
Posts: 986Timestamp: Wed May 21, 08 7:10 PM
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| Post URL: Boy band creator sentenced to 25 years in prison
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| Quote: | ORLANDO, Fla. - Lou Pearlman, the man who created the Backstreet Boys and 'N Sync, was sentenced Wednesday to 25 years in federal prison for engineering a decades-long scam that bilked thousands of investors out of their life savings.
It was the maximum sentence the boy band mogul could receive for allegedly swindling some $300 million from investors and banks since the early 1980s.
He pleaded guilty in March to two counts of conspiracy and single counts of money laundering and presenting a false claim in bankruptcy court. |
Source:Yahoo entertainment]
Tags: Lou-Pearlman,N'SYNC,Backstreet-boys,Prison
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