Lou Pearlman, credited for starting the boy-band craze and launching the careers of the Backstreet Boys and NSync, has died in prison while serving a 25-year sentence for a massive Ponzi scheme.
yahoo.com
The Orlando Sentinel reports that according to a federal inmate database, the 62-year-old Pearlman died Friday.
The cause of death was not immediately known. Pearlman¡¯s $300 million Ponzi scheme through his Trans Continental companies was uncovered in 2006. He was convicted of fraud in 2008.
Reuters
Hundreds of lawsuits were filed in the mogul¡¯s case, including one by the Backstreet Boys
NSync singer Lance Bass tweeted on Saturday: