And, man, was it hot during those Florida summers. Lou Pearlman: Net Worth: $300 Million: Date Of Birth: June 19, 1954: Died: August 19, 2016: Place Of Birth: Flushing, New York City, New York, United States: Profession: Record producer, Businessperson, Confidence artist, Impresario, Entrepreneur, Film Producer, Actor: Nationality: American: Parents: Hy Pearlman, Reenie Pearlman: IMDB: Movies He was also the mastermind behind a $300 million ponzi scheme and bank fraud. He reportedly died from heart issues. A tearful Aaron Carter, who also worked with Pearlman, vociferously defends the music producer throughout the documentary. Later, he adds tearfully, “It hurts to see people continuously attack him.". Pearlman ran a 20 year long ponzi scheme which enticed investors to invest in his Trans Continental Savings Program. [30] "[22], By June 2004, Fashion Rock, LLC had filed a civil suit for defamation against some who had criticized Pearlman's talent businesses. "It feels like, ‘Oh, maybe this is part of having a mentor of a band who wants to make sure you’re in good shape.’ Because that’s what he would always say: ‘You gotta be able to sell teen magazines. Disgraced boy band mogul Lou Pearlman died in prison on Friday (August 19), sources told Billboard last night. Pearlman was born Louis Jay Pearlman on June 19, 1954 in Flushing, New York. He was a first cousin of the musician Art Garfunkel. [40] In an interview conducted by the Orlando Sentinel, former *NSYNC member Lance Bass, when asked about the allegations, stated that Pearlman never had behaved inappropriately with them. Pearlman had been seen in Orlando in late January 2007, in early February in Germany, including an appearance on German television on February 1. © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC. 'N Sync and the Backstreet Boys were among many who sued Pearlman, claiming he kept a grossly disproportionate amount of money earned from their music. However, he suffered a stroke in 2010 while incarcerated. Take off your shirt. All cases against Pearlman either have been won by those who have brought lawsuits against him or have been settled out of court. ", 'N Sync got emotional while reuniting for their Hollywood Walk of Fame star, Your California Privacy Rights/Privacy Policy. The band's dissatisfaction began when member Brian Littrell hired a lawyer to determine why the group had received only $300,000 for all of their work while Pearlman and his record label had made millions. Pearlman's home at Mitchell Gardens Apartments was located across from Flushing Airport, where he and childhood friend Alan Gross would watch blimps take off and land. … [46][47], Suspicions of insurance fraud and pump and dump, "Model Agency Labeled A Scam" PageSix, New York Post, October 20, 2003. In 2006, investigators discovered Pearlman had perpetrated a long-running Ponzi scheme that defrauded investors out of more than $300 million. He’s credited with launching such boy bands as the Backstreet Males and N Sync and may be the initial cousin of folk singer Artwork Garfunkel (of the previous group Simon & Garfunkel). Pearlman was sentenced to 25 years in prison on May 21, 2008.

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