Lou Pearlman
Louis Jay "Lou" Pearlman (born June 19, 1954) is a former impresario of successful 1990s boy bands such as the Backstreet Boys and *NSYNC. In 2006, it was discovered that Pearlman had perpetrated one of the largest and longest-running Ponzi schemes in American history, leaving more than $300 million in debts. After getting caught on the run, and pleading guilty to conspiracy, money laundering and making false statements during a bankruptcy proceeding, in 2008 Pearlman was convicted and sentenced to up to 25 years in prison.
Read more about Lou Pearlman: Early Life and Career, Suspicions of Insurance Fraud and Pump & Dump, Entertainment Industry Career, The Ponzi Scheme
Famous quotes containing the word lou:
“... some of my people could have been left [in Africa] and are living there. And I can’t understand them and they don’t know me and I don’t know them because all we had was taken away from us. And I became kind of angry; I felt the anger of why this had to happen to us. We were so stripped and robbed of our background, we wind up with nothing.”
—Fannie Lou Hamer (1917–1977)