
Lou Perlman, founder of such artistic stalwarts as Backstreet Boys and ‘N Sync, was may be facing 25 years in prison for bilking dozens of people out of money through savings schemes, to the tune of over $200 million.
After a hearing in a Florida court:
Find money — millions of dollars — to help out the little guys and the retirees financially and emotionally devastated by his investment schemes.
Senior U.S. District Judge G. Kendall Sharp sent that message loud and clear Wednesday in Orlando, offering to reduce Pearlman’s sentence by one month for every million dollars he recovers. Sharp called it “the keys to your jail cell.”
No word yet on if he must compensate for subjecting the civilized world to formulaic pop songs.
this has been going on for years and still is going on…all have not been caught yet…an artist has to pay a price for fame and glory…and profits little…shame…make more money in major leauge sports…shame…
those million dollars each aren’t going to save him the rape in prison. If I am correct, I thought I remember him being a slight pedo as well…
can anybody confirm this?
Actually rubes, my stupid little lolcaption is misleading. His scams were bogus financial deals and had little/nothing to do with the music part of his career.
I thought he was going to prison for exposing us to Backstreet Boys.
The good news: He won’t have to scam five young boys with musical talent to have sex anymore.
The bad news: He won’t be having sex with cute little white boys.
the judge said that he would take a month off of his sentence for every million paid back.
Sentence him for life, locking him in a room made of speakers blaring Backstreet Boy albums.
wait, why is Philip Seymour Hoffman going to prison?