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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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31.

Area 51    

It's kind of hunorous to see how desperate these Hillary supporters are. Obama closes the deal Tuesday.

2426 days ago
32.

Carolyn    

Oh BTW McCain is gonna win... sorry

2426 days ago
33.

wow!    

He looks like a gremlin!!! ACK!!!!!

2426 days ago
34.

JOSH    

36TH BITCHES!

2426 days ago
35.

Nancy Ivan    

That has to be Gummi Bear in about 25 years. The similarities are SPOOKY!

2426 days ago
36.

Lisa    

I don't think this song is good, though I like her song very much. Many friends I met on a site called meetingwealthy think so too. These freidns are all successful men. We usually talk together.

2426 days ago
37.

Stan    

DON'T VOTE 4 HITLERY!!!!!!

DON'T VOTE 4 HITLERY!!!!!!

DON'T VOTE 4 HITLERY!!!!!!

DON'T VOTE 4 HITLERY!!!!!!

DON'T VOTE 4 HITLERY!!!!!!

DON'T VOTE 4 HITLERY!!!!!!

DON'T VOTE 4 HITLERY!!!!!!

DON'T VOTE 4 HITLERY!!!!!!

2426 days ago
38.

WowYoureSoVain    

Wow, TMZ. You are so vain. Did you know people are dying in Darfur? People are dying from disease around the world. Innocent lives are taken away. And all you can focus your attention on is what two words Britney Spears or some celebrity muttered? You disgust me. I know you probably get a ton of a hate mail. But everyone a part of TMZ, the paparazzi the people on TMZ on FOX (oh yeah, FOX is such an amazin channel) should do more productive things in your lives and make a difference. How about having a post about world wide crisis ONCE in a while (like global warming). I know this is a celebrity site, but with the amount of views you get, please, try to make a little difference.

2426 days ago
39.

Joey Butterfingers    

I'm pretty sure there are plenty of other news outlets that will give you the hard stuff. If you're looking for something deeper, go to the New York Times. Don't bring my guilty pleasure in TMZ down by knocking them for bringing us celebrity crap. And, don't condescend. Acting like you're intellectually, socially, and morally superior on a gossip site is pretty sad.

2426 days ago
40.

SNOWBABY    

HE LOOKS LIKE A PERVERT!!! I WOULDN'T LET MY BOY AROUND HIM FOR NOTHING!!

2426 days ago
41.

wow!    

WOW,TMZ? we hit a nerve!!!! Oh wow! WHO CARES! ....... night all & tmz? keep up the good work! And HOW dare TMZ take away from lives from another counrty when they are based in the USA? LOL some people are so stupid!

2426 days ago
42.

Dottie654    

#11 FIBiker.......................damn....you beat me to it!!! I was just going to say he looks like Gummi Bear.

2426 days ago
43.

lied about daniel's results?    


OBAMA - WILLIAM (BILL) AYERS CONNECTION?????

BILL AYERS IS THE MAN MENTIONED IN JOHAH GOLDBERG'S BESTSELLER. MR. AYERS SENT BOMBS TO THE PENTAGON IN THE 70'S AND BRAGGED AS LATE AS 2001 THAT HE REGRETTED NOT HAVING DONE MORE TO HARM FEDERAL OFFICES, INCLUDING A POLICE HEADQUARTERS. HE GOT AWAY ON A TECHNICALITY, HOWEVER OBAMA AND BILL AYERS LIVE IN THE SAME NEIGHBORHOOD AND REMAINE FRIENDS.

RECENTLY, OBAMA'S CAMPAIGN MANAGER WILL ONLY SAY THAT THEY "ARE FRIENDS."
THIS IS NEWS THE PUBLIC SHOULD BE PRIVY TO, SO WHY ISNT TMZ COVERING IT?



2426 days ago
44.

Iskur    

He looks just like Karl Rove.

2426 days ago
45.

Iskur    

Why do some people feel the need to call him a pedo when he has done nothing to warrant that? Just because he's made millions from "boy bands" does not mean he's gay or a pedo. You people are just mindless haters.

2426 days ago
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