The highly controversial man behind the boy band sensations of the ’90s, as well as one of the longest running Ponzi schemes in history, has died.
Lou Pearlman was a record producer who gave birth to the Backstreet Boys and managed *NSYNC, O-Town, LFO, Take 5, and US5. US5 was the only band he managed that didn’t sue him.
The Backstreet Boys sued Pearlman twice, once in 1997 and again in 2005.
When he died, he was serving a 25-year prison sentence after being convicted in 2008 of a bunch of illegal business practices. He duped investors in his company, Trans Continental Airlines, out of a total of $317 million. When he was caught, Pearlman was hiding in Indonesia and was spotted by a German tourist who alerted the FBI.
This guy was shady as hell and when his former clients took to Twitter to react to his death, none were exactly overcome with sadness:
Especially Aaron Carter: