music · 21 May 2008 · 16 years ago
Lou Pearlman, the music mogul who created the Backstreet Boys and 'N Sync, was sentenced to 25 years in federal prison over a decades-long scam that swindled thousands of investors out of their life savings. Many victims were Pearlman's relatives, friends and retirees in their 70s or 80s who lost everything.
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