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Backstreet Guy Nailed for $400 Mil in Back Cash

7/15/2008 9:01 AM PDT BY TMZ STAFF

Even if he gets out of prison someday, convicted con man and former boy band guru Lou Pearlman will be paying for his shady schemes for a real long time.

According to papers filed late last week, Feds want Pearlman to fork over $400 mil of money he stole from investors. Almost $200 million came from a retirement fund he swindled, and over $100 mil from a fake air carrier that he created. Lou was sentenced to 25 years in prison after pleading guilty to conspiracy, fraud, and money-laundering charges.

Pearlman's lawyer says he shouldn't have to pay interest on the money.

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