Fashion Rock LLC's Lou Pearlman sentenced to 25 years in jail
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http://www.wesh.com/news/16348954/detail.html
Pearlman Sentenced To 25 Years In Scam
POSTED: 8:59 am EDT May 21, 2008
UPDATED: 9:55 am EDT May 21, 2008
ORLANDO, Fla. -- The man who created the Backstreet Boys and 'N Sync was sentenced to 25 years in prison on Wednesday in connection with a decades-long investment scam.
A judge in Orlando stated that he would trim one month from the sentence for each $1 million that Lou Pearlman returns.
Pearlman pleaded guilty in March to two counts of conspiracy, money laundering and using false statements in a bankruptcy proceeding.
Pearlman was most famous for creating "boy bands" that sold millions of records. But prosecutors said he bilked thousands of people out of untold millions in the scam.
Pearlman's attorneys tried twice to get his sentencing delayed. But federal Judge G. Kendall Sharp denied both motions.
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http://www.wesh.com/news/16348954/detail.html
Pearlman Sentenced To 25 Years In Scam
POSTED: 8:59 am EDT May 21, 2008
UPDATED: 9:55 am EDT May 21, 2008
ORLANDO, Fla. -- The man who created the Backstreet Boys and 'N Sync was sentenced to 25 years in prison on Wednesday in connection with a decades-long investment scam.
A judge in Orlando stated that he would trim one month from the sentence for each $1 million that Lou Pearlman returns.
Pearlman pleaded guilty in March to two counts of conspiracy, money laundering and using false statements in a bankruptcy proceeding.
Pearlman was most famous for creating "boy bands" that sold millions of records. But prosecutors said he bilked thousands of people out of untold millions in the scam.
Pearlman's attorneys tried twice to get his sentencing delayed. But federal Judge G. Kendall Sharp denied both motions.
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posted by the_worm06 | 5/21/2008 07:52:00 AM
1 Comments:
"A judge in Orlando stated that he would trim one month from the sentence for each $1 million that Lou Pearlman returns."
Finally! A judge that GET'S it. I'm so sick of judges that just slaps wrists!
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