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:
“We have got to stop the nervous Nellies and the Toms from going to the Man’s place. I don’t believe in killing, but a good whipping behind the bushes wouldn’t hurt them.... These bourgeoisie Negroes aren’t helping. It’s the ghetto Negroes who are leading the way.”
—Fannie Lou Hamer (1917–1977)