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Finally! Some justice....

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RandomKoolzip Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-21-08 04:31 PM
Original message
Finally! Some justice....
http://omg.yahoo.com/boy-band-creator-sentenced-to-25-years-in-prison/news/9263?nc

ORLANDO, Fla. - Lou Pearlman, the man who created the Backstreet Boys and 'N Sync, was sentenced Wednesday to 25 years in federal prison for engineering a decades-long scam that bilked thousands of investors out of their life savings.

It was the maximum sentence the boy band mogul could receive for allegedly swindling some $300 million from investors and banks since the early 1980s.

He pleaded guilty in March to two counts of conspiracy and single counts of money laundering and presenting a false claim in bankruptcy court.

U.S. District Judge G. Kendall Sharp noted that many victims were Pearlman's relatives, friends and retirees in their 70s or 80s who lost everything.

"The sympathy factor just doesn't run very high with the court," Sharp said.


Yeah, well....this guy just can't serve enough time as far as I'm concerned. I would categorize the American culture as one of Pearlman's "victims."

Okay, it's a small victory, but shit.
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rsmith6621 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-21-08 04:34 PM
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1. They Forgot about O-Town
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blondeatlast Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-21-08 05:17 PM
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2. "...many victims were Pearlman's relatives, friends and retirees in their 70s or 80s who lost
everything." That's some "special" kind of shameless.

It's about damn time the white collar criminals got what they deserved.

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