Lou Pearlman, the disgraced impresario behind the Backstreet Boys and 'NSYNC who was serving out a 25-year prison term after being convicted of running a half-billion-dollar Ponzi scheme in 2008, died Friday night, multiple sources confirm to Billboard. He was 62.
On the back of those boy bands’ success, Pearlman turned his Trans Continental businesses into a sprawling empire in the 1990s. But it was all built on fraud, and he was ultimately sued by every act he represented except one.
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