Lou Pearlman

Who is Lou Pearlman?

Louis Jay "Lou" Pearlman is an American impresario of successful 1990s boy bands such as the Backstreet Boys and 'N Sync. 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, he pleaded 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.