Former Backstreet Boys-*NSYNC manager sentencing scheduled
Lou Pearlman’s fate to be decided today
Former Backstreet Boys- *NSYNC manager Lou Pearlman will be sentenced today in Florida on four federal charges.
Pearlman pleaded guilty in March to defrauding banks out of $120 million and stole a further $315 million from over 1,000 investors.
The former music mogul agreed to help in the recovery of assets, which include $4 million owed to his former clients the Backstreet Boys.
Pearlman faces $1 million in fines and 25 years in prison for conspiracy, money laundering and using false statements.
He once managed Justin Timberlake’s former band *NSYNC, and fled the US after his long-term fraudulent activities were exposed. He was arrested in Indonesia last year.
--By our New York staff.
Find out more about NME.
Pearlman pleaded guilty in March to defrauding banks out of $120 million and stole a further $315 million from over 1,000 investors.
The former music mogul agreed to help in the recovery of assets, which include $4 million owed to his former clients the Backstreet Boys.
Pearlman faces $1 million in fines and 25 years in prison for conspiracy, money laundering and using false statements.
He once managed Justin Timberlake’s former band *NSYNC, and fled the US after his long-term fraudulent activities were exposed. He was arrested in Indonesia last year.
--By our New York staff.
Find out more about NME.
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