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
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“Peoples need a victory so bad. We’ve been working here since ‘62 and we haven’t got nothing, except a helluva lot of heartaches.”
—Fannie Lou Hamer (1917–1977)