Lou Pearlman - former king of crap, now king of fraud
Posted on 06.28.07 by Jason Thompson @ 3:44 pm

Attaboy, Louie! We always knew you were slimy underneath it all. Former boy band Svengali Lou Pearlman has been indicted on three counts of bank fraud, and one count each of mail and wire fraud. Allegedly Pearlman defrauded 1000 or so investors out of $315 million. Not only that, but various banks are claiming he owes them around $120 million. It’s a great day for Lou, and an even greater day for those of us who never liked the boy band schlock he was seducing the media with for way too long.

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