Lou Pearlman Goes to Jail

Giulia Rozzi May 21, 2008 | 11:30 pm EST

I always got a sketchy vibe from Lou Pearlman, the man who created the Backstreet Boys and ‘N Sync. But I never knew Pearlman was flat out evil. Pearlman was sentenced Wednesday to 25 years in federal prison after admiting to fooling thousands of investors out of their life savings, amny of which were friends and retirees in their 70s or 80s. Yes, the daddy of boy bands swiddled his friends out of their life savings. Pearlman received the maximum 25 year sentence for scamming roughly $300 million from investors and banks since 80s. Disgusting.

Sadly this isn’t the first time some creep has manipulated elders out of cash. To learn more about financial elder abuse and help prevent it and visit http://www.bewiseonline.org