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.
U.S. District Judge G. Kendall Sharp noted that many victims were Pearlman's relatives, friends and retirees in their 70s or 80s who lost everything.
"The sympathy factor just doesn't run very high with the court," Sharp said.
Actually, I'd have liked to see the sumbitch locked up for "Bye Bye Bye," but we take what we can get.
3 comments:
actually, Karma was a very nice young lady, dear friend of my daughter.
Shelley, on the other hand, my ex-sister-in-law was a bitch ..
I accidently saw a reunion performance of one of those boy bands on Today the other day. Gah, they looked as bad as I do. My eyes, my eyes! (Thank god for mute.)
I liked Jay Leno's take last night. "He got one year for the fraud charges and twenty-four for creating boy bands."
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