The Man Who Invented The Backstreet Boys And NSync Has Died In Prison
Lou Pearlman, credited for starting the boy-band craze and launching the careers of the Backstreet Boys and ¡®NSync, has died in prison while serving a 25-year sentence for a massive Ponzi scheme.
Lou Pearlman, credited for starting the boy-band craze and launching the careers of the Backstreet Boys and NSync, has died in prison while serving a 25-year sentence for a massive Ponzi scheme.
yahoo.com
The Orlando Sentinel reports that according to a federal inmate database, the 62-year-old Pearlman died Friday.
Love him or hate him, Lou gave many of us our start. It's a shame he let greed get in his way. #RIP #LouPearlman pic.twitter.com/u91HAuflio
¡ª Ashley Parker Angel (@ParkerAngel) August 21, 2016
The cause of death was not immediately known. Pearlman¡¯s $300 million Ponzi scheme through his Trans Continental companies was uncovered in 2006. He was convicted of fraud in 2008.
Reuters
Hundreds of lawsuits were filed in the mogul¡¯s case, including one by the Backstreet Boys
#LouPearlman my old manager died in prison... Rip Lou not the best business guy really at all but he did discover me karma is real
¡ª KiD CaRTer (@aaroncarter) August 21, 2016
NSync singer Lance Bass tweeted on Saturday:
Word is that #LouPearlman has passed away. He might not have been a stand up businessman , but I (cont) https://t.co/nsczUEVOOQ
¡ª Lance Bass (@LanceBass) August 20, 2016