Backstreet Guy Nailed for $400 Mil in Back Cash
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.
Filed under: Celebrity Justice
Boy band man Lou Pearlman -- the guy who made the Backstreet Boys and 'NSYNC famous -- just got 25 years in the big house for money laundering and conspiracy, among other shady s**t.
