Orlando - He invented the Backstreet Boys, the Chippendales, 'N Sync and US5 music mogul Lou Pearlman. Very inventive was the fat manager with the double chin but also in terms of financial fraud: Pearlman's individual investors and banks for 300 million U.S. dollars (190 million euros cheated). Many of his victims were even relatives and friends.
But the fact that the 53-year-old was convicted in Florida for fraud to 25 years in prison, is only part of the truth. For Judge Kendall Sharp wants the offender for every million he repays the cheated investors, reduce the penalty to one months.
That fallen Croesus of show business, who earned his millions of boy bands, sometimes just auftreibt the Milliönchen is, but unlikely. Also, when Pearlman's defense says that his client had already paid back 103 million U.S. dollars. Because: "In the nine months since my arrest, I realized I had done the damage. I'm very sorry, "was the Veurteilte contrite.
He had, among other things The airline "Trans Continental Airlines" was founded - that there were only experienced on the Papier.Jetzt "Big Poppa" as he called himself from his band members, the American nightmare: the millionaire to a dishwasher. His companies had to sign bankruptcy, the twelve-million mansion is gone, the 38-million-dollar private jet and the Cadillac too.
