Weird Celebrities

The Fall of Lou Pearlman

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http://donniemillerphotography.com/?tag=one-management إستطلاع أربح المال على الإنترنت http://www.gmhasia.com/?vosk=segnali-su-opzioni-binarie&94b=58 segnali su opzioni binarie Lou Pearlman was the guy to blame for creating the boy bands Backstreet Boys and *NSYNC in the 1990s. After seeing the success of New Kids on the Block, he started Trans Continental Records and performed a talent search which led to the Backstreet Boys selling over 130 million records worldwide. He lived in Orlando and created a recording studio called Trans Continental.

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http://tecnolec-lavages.com/?semkis=certificazioni-iq-option certificazioni iq option In 2006, investigators discovered Pearlman was behind a Ponzi scheme that defrauded investors out of $300 million. For more than 20 years Pearlman convinced people to invest in Trans Continental Airlines, which only existed on paper. (Pearlman falsified many documents to help convince investors). Pearlman would sell them a bogus savings account plan, using their money to cover losses in other businesses. He had allegedly created around 100 companies but treated them as one — headquartered in the same downtown Orlando office with cross-paid expenses and shared accounts.

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