Lou Pearlman

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Lou Pearlman

Beitrag  blueworld am Mi Sep 03, 2008 12:30 am

Boy band mega mogul Lou Pearlman is saying "bye bye bye" to life as a free man.

Pearlman, who created the Backstreet Boys and 'Nsync, is facing 25 years in prison. The sentence stems from four federal charges: two counts of conspiracy, and one each of money laundering and using false statements in a bankruptcy proceeding.

He was convicted in an Orlando, Florida court. The charges stem from what prosecutors alleged was a decades-long investment scam.

However, he does have the option of reducing his jail time. Judge G Kendall Sharp said that for ever $1 million Pearlman returns to investors, he'll cut the sentence by one month.
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