(Reuters) - In an audacious two-decade-long scam, Pearlman enticed individuals and banks to invest millions of dollars in two companies that existed only on paper and won the confidence of investors with strong but fake financial statements created by a fictitious accounting firm, according to his plea agreement.
U.S. Judge G. Kendall Sharp held up a book with letters from Pearlman’s victims, saying they included “his family, his close friends and people in their 70s and 80s who have lost their life savings.”
“So the sympathy factor doesn’t run high with the court,” Sharp said.
If you didn’t think this guy was creepy then, how about now? To refresh your memory, this is the guy that started the two worst groups of all-time, the Backstreet Boys and N*SYNC. Finally this pedo is going to pound-me-in-the-ass prison.
(Dlisted) - Unfortunately, the court refused Lou’s request to serve his entire sentence in juvenile hall. Oh well, you can’t blame a pedo for trying.
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