Pop Mogul Sentenced to 25 Years in Federal Prison
Remember Lou Pearlman? You know, the pop star mogul who created ‘N Sync and the Backstreet Boys, the guy who was indicted last year on three counts of bank fraud, one count of mail fraud, with another count of wire fraud thrown in for good measure?
The man allegedly swindled some $300 million from investors, including $28.5 from St. Paul-based American Bank. (For the full account, peep Peter S. Scholtes’s detailed story from last year here.)
This morning in Orlando, the doughy gent was sentenced to a quarter century in federal prison. “I’m truly sorry to those I victimized,” he reportedly told the judge. “I’m sorry to those I victimized. I’m working hard to recover whatever money I can. I’m truly sorry. I apologize for what happened.”
Pearlman was also charged with two counts of spawning shitty bands, though those charges were later dismissed.
Channel 2 WESH out of Orlando has the story.
Get the Music Newsletter
Keep your thumb on the local music scene each week with music news, trends, artist interviews and concert listings. We'll also send you special ticket offers and music deals.
More Music News
- Phish and Keith Urban are coming: Big news for two very different fanbases
- Flashlight Vinyl: New record store brings vinyl paradise to northeast Minneapolis
- How Minneapolis' awful Super Bowl XXVI halftime show changed the game
- Minneapolis indie-rock faves Fog reunite, announce first album in nine years