Lou Pearlman, who has died at the age of 62, will be remembered for founding boy bands Backstreet Boys and NSYNC – and for a $300 million Ponzi scheme that led to him being jailed for up to 25 years. Pearlman was seen as an aggressive but initially successful manager who built up a business through talent-spotting, tough negotiation and a string of half truths. The empire later collapsed with its acts suing their manager.
Lou Pearlman, who has died at the age of 62, will be remembered for founding boy bands Backstreet Boys and NSYNC – and for a $300 million Ponzi scheme that led to him being jailed for up to 25 years. Pearlman was seen as an aggressive but initially successful manager who built up a business through talent-spotting, tough negotiation and a string of half truths. The empire later collapsed with its acts suing their manager.
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