10 Year Long Ponzi Scheme Busted - MoneyMakerGroup Forum

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10 Year Long Ponzi Scheme Busted, Defendant to pay $300 Million

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Uncle Awesome View Member Profile	Jul 16 2008, 03:03 PM Post #1
MMG Member Group: Admin Posts: 376 Joined: 8-March 07 From: Washington Member No.: 97,520	Lou Pearlman ordered to pay $300 million to Ponzi scheme victims Lou Pearlman, the airplan entrepreneur turned boy band promoter turned modeling agency con-artist, has been ordered to repay $300 million to investors he bilked in a decade-long Ponzi scheme. It's been a stunning downfall for Pearlman, who is now serving a 25-year prison sentence. He was the Svengali behind the Backstreet Boys and *NSYNC, but was later sued by both bands, and accused of inappropriate sexual conduct by several former band members, most notably Nick Carter. Interesting trivia item: Mr. Pearlman is the first cousin of Art Garfunkel. Take a look at this funny video from Saturday Night Live, parodying Mr. Pearlman. -------------------- -Become an MMG Supporter - Get exclusive access to MMG plus much more -MMG's Charity Thread - Help us Help

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snowdog20 View Member Profile	Jul 19 2008, 07:57 AM Post #2
MMG Member Group: Member Posts: 33 Joined: 28-May 08 Member No.: 143,210	QUOTE (Uncle Awesome @ Jul 16 2008, 03:03 PM) Lou Pearlman ordered to pay $300 million to Ponzi scheme victims Lou Pearlman, the airplan entrepreneur turned boy band promoter turned modeling agency con-artist, has been ordered to repay $300 million to investors he bilked in a decade-long Ponzi scheme. It's been a stunning downfall for Pearlman, who is now serving a 25-year prison sentence. He was the Svengali behind the Backstreet Boys and *NSYNC, but was later sued by both bands, and accused of inappropriate sexual conduct by several former band members, most notably Nick Carter. Interesting trivia item: Mr. Pearlman is the first cousin of Art Garfunkel. Take a look at this funny video from Saturday Night Live, parodying Mr. Pearlman. I guess it's easy come, easy go for the tubby a$$hole!!! -------------------- Attention Forex Traders, Pipboxer! #1 Expert Advisor http://pipboxersite.com 154% in 12 1/2 months on a live account.

Lesbian View Member Profile	Jul 19 2008, 05:02 PM Post #3
MMG Member Group: Member Posts: 1,770 Joined: 19-November 06 From: Chloe's Arms Member No.: 81,117	QUOTE (Uncle Awesome @ Jul 16 2008, 03:03 PM) Lou Pearlman ordered to pay $300 million to Ponzi scheme victims Lou Pearlman, the airplan entrepreneur turned boy band promoter turned modeling agency con-artist, has been ordered to repay $300 million to investors he bilked in a decade-long Ponzi scheme. It's been a stunning downfall for Pearlman, who is now serving a 25-year prison sentence. He was the Svengali behind the Backstreet Boys and NSYNC, but was later sued by both bands, and accused of inappropriate sexual conduct by several former band members, most notably Nick Carter. Interesting trivia item: Mr. Pearlman is the first cousin of Art Garfunkel. Take a look at this funny video from Saturday Night Live, parodying Mr. Pearlman. hihi uncle awesome where is the video u say????? cn we hv a look???? thsk -------------------- marissa yasmine mahmud loves chloe josephine cho always and forever*

brendonjones View Member Profile	Jul 19 2008, 07:06 PM Post #4
MMG Member Group: Member Posts: 27 Joined: 18-July 08 Member No.: 146,304	LOL @ the nick carter comment.. glad he got busted.

bizzmarket View Member Profile	Jul 20 2008, 03:28 AM Post #5
New MoneyMaker Group: Member Posts: 19 Joined: 16-July 08 Member No.: 146,128	QUOTE (Uncle Awesome @ Jul 16 2008, 03:03 PM) Lou Pearlman ordered to pay $300 million to Ponzi scheme victims Lou Pearlman, the airplan entrepreneur turned boy band promoter turned modeling agency con-artist, has been ordered to repay $300 million to investors he bilked in a decade-long Ponzi scheme. It's been a stunning downfall for Pearlman, who is now serving a 25-year prison sentence. He was the Svengali behind the Backstreet Boys and *NSYNC, but was later sued by both bands, and accused of inappropriate sexual conduct by several former band members, most notably Nick Carter. Interesting trivia item: Mr. Pearlman is the first cousin of Art Garfunkel. Take a look at this funny video from Saturday Night Live, parodying Mr. Pearlman. good -------------------- BizzCiti GadgetReviewPanel - Receive a Pink Sony Cybershot - NO SCRUB P.S. APSense - Get Paid While Promoting Your Business!