Boy Band Creator Goes Bye, Bye, Bye to Jail
Posted on May 21st, 2008 by GenesisEditor under NewsLou Pearlman, the man who created and unleashed the Backstreet Boys and ‘N Sync upon an unsuspecting society, has been sentenced to 25 years in prison on federal charges.
The rotund music exec plead guilty in March to two counts of conspiracy, money laundering and using false statements in a bankruptcy proceeding and a Florida Judge sentenced him to the prison time, but agreed to reduce the sentence by a month for every $1,000,000 he returned to the investors he stole money from in a decades-long investment scam.
What does this have to do with the adult business? Nothing really. But it was funny to us, so there you go.
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May 21st, 2008 at 12:04 pm
Only 1 month off for every million dollars returned…Thats 300 Million dollars to stay out of prison…..if there is that much left, I might be inclined to give up half to cut my sentence…But that last 150 Million will be waiting for me gaining interest while I’m locked up!!! THats all I have to say…
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