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Business Miscellaneous in Business . 3 months ago
Louis Jay Pearlman (June 19, 1954 – August 19, 2016) was an American record producer. He was the person behind many successful 1990s boy bands, having formed and funded the Backstreet Boys. After their massive success, he then developed NSYNC. In 2006, he was accused of running one of the largest and longest-running Ponzi schemes in US history, leaving more than $300 million in debts. After being apprehended, he pled guilty to conspiracy, money laundering, and making false statements during a bankruptcy proceeding. In 2008, Pearlman was convicted and sentenced to 25 years in prison. He died in federal custody in 2016.
Posted on 30 Sep 2024, this text provides information on Business related to Miscellaneous in Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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