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.
Full Version: 10 Year Long Ponzi Scheme Busted
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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!!! 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 
LOL @ the nick carter comment..
glad he got busted. 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 |
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