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Boy Band Czar Cuts a Deal

3/3/2008 10:50 PM PST BY TMZ STAFF

Lou PearlmanLou Pearlman, best known for his work with boy bands like the Backstreet Boys and 'N Sync, struck a plea deal in his federal bank fraud case and will work with prosecutors to help recover millions of dollars he is accused of stealing.

Pearlman allegedly defrauded banks out of more than $100 million and stole another $300 mil from investors. Psssh -- chump change!

He entered a not guilty plea last year, but will change his plea to guilty in a hearing scheduled for Thursday. As for jail time, that's for a judge to decide.

58 COMMENTS

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16.

LC    

Shady fat bastard

2404 days ago
17.

mommyof4    

What the hell are you all taking about? He has never been accused of molestation but stealing from his boy bands. I think he owes them money just as well.

2404 days ago
18.

Carolyn    

Love child of Kermit and Miss Piggy

2404 days ago
19.

Area 51    

Not being 1st will probably cause Ali to phone the suicide hot line.

2404 days ago
20.

Ali    

LOL oh.....that was so funny :)

2404 days ago
21.

whatever    

#18 LMAO! So true.

2404 days ago
22.

whatever    

Hey Ali, have your parents gone to bed so you could sneak back on the computer?

2404 days ago
23.

appltini    

I had an aunt named Brenda....she was looked like a female version of carrot top....Aunt Brenda, Is that you?

2404 days ago
24.

whatever    

Hey Ruggles learn how to use the English language correctly before you post please.

2404 days ago
25.

Area 51    

Is there any question that Ali and ruggles seek out Britney's words for "enlightenment"?

2404 days ago
26.

KBizzle    

homo

2404 days ago
27.

Mamas, don't let your babies grow up to be slut-whores    

Icky, icky, ICKY!

He looks like a big blob of vanilla pudding.

2404 days ago
28.

He's Boring now    

Let the judge take into consideration this guy ran and hid out overseas---that should be an automatic 10 years on top of whatever he wants to give out for the theft charges.

Let somebody, even in a min. security federal farm butt honk this fat slob sorry ass of a man..and not in a pleasurable way either but in a way that says and shows he is now a woman----and I have a feeling this gay slob detests women.

2404 days ago
29.

WWE    

V O T E 4 H I L A R Y

V O T E 4 H I L A R Y

V O T E 4 H I L A R Y

V O T E 4 H I L A R Y

V O T E 4 H I L A R Y

V O T E 4 H I L A R Y

V O T E 4 H I L A R Y

V O T E 4 H I L A R Y

V O T E 4 H I L A R Y

2403 days ago
30.

Carolyn    

MOOOOOron... Ha ha fat jokes never get dull

2403 days ago
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