Lou Pearlman, manager of ‘NSYNC and the Backstreet Boys, has died. He was 62. Lance Bass tweeted, “He might not have been a stand-up businessman, but I wouldn’t be doing what I love today without his influence. RIP Lou.”
Pearlman died while in prison serving a 25-year sentence for masterminding one of the biggest Ponzi schemes in U.S. history.
Pearlman faced a slew of lawsuit by members of the 2 famous groups, claiming he screwed them out of their cash by collecting money for both producing and managing.
Pearlman got in a heap of legal trouble in 2008 … he was convicted of swindling 1,700 people out of half-a-billion bucks.
Cause of death is unknown.
Our thoughts and prayers go out to Pearlman’s family and friends at this difficult time.
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