This music mogul who gave the world Backstreet Boys and 'NSYNC also swindled investors into funding a fake airline. Name that defrauder.
Answer Lou Pearlman
Music mogul Lou Pearlman – who helped form Backstreet Boys, 'NSYNC, and O-Town – proved that music does indeed make the people come together...to sue Pearlman for misrepresentation. Most of these acts ended up taking Pearlman to court for both that and fraud. Also uncovered was Pearlman's Ponzi scheme, for which he created an airline and service company out of thin air, bilking $300 million from investors. He fled to Indonesia but was later caught and convicted of money laundering and conspiracy, earning 25 years behind bars.
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