Why is that guy who created NSYNC and Backstreet Boys going to prison for 25 yea!
Question: Why is that guy who created NSYNC and Backstreet Boys going to prison for 25 years!?
I just heard about that!. Does anyone know why!?Www@Enter-QA@Com
Answers:
He scamed about $300 million dollars out from his investors and then scamed more $650,000 dollars from some elders tricking them to invest in a trust fund!. He also lied in some documents when he filled for Bankruptcy a few years ago!.
But he is going to jail for the $300 million!.Www@Enter-QA@Com
But he is going to jail for the $300 million!.Www@Enter-QA@Com
lou pearlman is the creator of nsync, backstreet boys and the chippendales!. he has to go 25 years to prison for financial frauds ( 100 millions of dollars)!. he has cheated small investors!.!. I can't translate the wohle article because I'm german and my english isn't very well :DWww@Enter-QA@Com
for engineering a decades-long scam that bilked thousands of investors out of their life savings!.
It was the maximum sentence the boy band mogul could receive for allegedly swindling some $300 million from investors and banks since the early 1980s!.
He pleaded guilty in March to two counts of conspiracy and single counts of money laundering and presenting a false claim in bankruptcy court!.
U!.S!. District Judge G!. Kendall Sharp noted that many victims were Pearlman's relatives, friends and retirees in their 70s or 80s who lost everything!.Www@Enter-QA@Com
It was the maximum sentence the boy band mogul could receive for allegedly swindling some $300 million from investors and banks since the early 1980s!.
He pleaded guilty in March to two counts of conspiracy and single counts of money laundering and presenting a false claim in bankruptcy court!.
U!.S!. District Judge G!. Kendall Sharp noted that many victims were Pearlman's relatives, friends and retirees in their 70s or 80s who lost everything!.Www@Enter-QA@Com
His names lou pearlman and he ran a Ponzi scheme!. Read more at wikipedia (http://en!.wikipedia!.org/wiki/Lou_Pearlma!.!.!.Www@Enter-QA@Com
it's for engineering a decades-long scam that bilked thousands of investors out of their life savingsWww@Enter-QA@Com
something about financial fraudWww@Enter-QA@Com
BECAUSE HE WAS PLOTTING WITH THE EVIL CATS TO TAKE OVER THE WORLD!.Www@Enter-QA@Com