ex music mogul Lou Pearlman died in prison at age 62.
Pearlman l Anzó the careers of the Backstreet Boys, the boy band selling of all time, and N Sync, among others.
he was imprisoned in 2008 after being sentenced to 25 years in prison for his involvement in a massive fraud by US $ 300m known as a Ponzi scheme.
Lance Bass, singer N Sync, tweeted that Pearlman was not the best businessman, but I would not be where he was without his influence.
the cause of death has not yet been revealed .
Pearlman was inspired by the success of New Kids on the Block and formed his own record label, which in 1993 selected five unknown to the Backstreet Boys.
the band came to sell 130 million records.
N Sync were also a big hit, selling more than 55 million.
Pearlman later managed other boy bands like LFO, Take 5, natural and . O-Town, and Innosense female, who initially had Britney Spears
Lance Bass tweeted: “it is said that #LouPearlman has died. He may not have been a man right business, but I would not be doing what I love today without his influence. Lou Rest in peace … “
Ashley Parker Angel, O-Town, wrote: “Love him or hate him, Lou gave many of us our start. It’s a shame he let greed in their way. “
Pearlman defrauded family, friends, investors and banks luring them to put money into two fake companies for 20 years.
prosecutors counted at least 250 individual victims who lost a total of US $ 200 million plus 10 financial institutions that lost US $ 100 million.
the judge in the trial said the victims include “family, close friends and people aged 70 to 80 who have lost their savings of a lifetime”.
“So the sympathy factor is high on the court, “said the judge
in a statement, Pearlman said.” Since my arrest, I realized the damage that has been done, really sorry and I apologize for what happened “.
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