Lou Pearlman, who was the mastermind for creating the ever popular boy bands such as Backstreet Boys and ’N Sync, was sentenced to 25 years in federal prison! Why? It is 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.
What a mess. MORE
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