High Quality Content by WIKIPEDIA articles! Louis Jay "Lou" Pearlman (born June 19, 1954) is a former talent manager and impresario of 1990s boy bands the Backstreet Boys and *NSYNC, and was convicted in 2008 of conspiracy and money laundering. Both bands had been enormously successful, and Pearlman had always led a lavish lifestyle, but in 2006 it was discovered that Pearlman had perpetrated one of the largest and longest-running Ponzi schemes in American history, leaving more than $300 million in debts. After getting caught on the run, and pleading guilty to conspiracy, money laundering, and making false statements during a bankruptcy proceeding, Pearlman is now serving (up to) 25 years in a US federal prison.

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