Pearlman Must Put Up Or Shut Up
Popsquire loves a good update! In this March post, you learned that the former Backstreet Boys manager, Lou Pearlman, reached a plea deal in his federal bank fraud case. He was accused of defrauding banks and investors — including family, friends, and BBS — out of more than $300 million.
Today, according to E!online, the judge sentenced Pearlman to 25 years in federal prison. But, get this — the judge told Pearlman that his sentence can be reduced by one month for every $1 million he recovers. Translation: Pearlman can skip 300 months in prison if he can come up with the entire $300 million!
Talk about creative sentencing! Let’s hope he can give some of it back, because people have “Bills, Bills, Bills” to pay.
