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Lou Pearlman Has Been Found and Arrested in Indonesia!
Written by Lou Pearlman Writer   
Wednesday, 13 June 2007

Boy-band mogul Lou Pearlman, most known for discovering The Backstreet Boys and N’Sync as well as owning TransCon Studios in Orlando was FINALLY arrested in an Indonesian hotel early Thursday, turned over to U.S. law enforcement officials and flown to Guam to appear before a judge there, authorities said.

“We expect that he will be returned to Florida,” said Steve Cole, a spokesman for the U.S. Attorney’s Office in Tampa.

Pearlman allegedly defrauded about 1,000 investors of more than $315 million by selling for years a bogus savings account plan, then using their money to cover his losses in other businesses.

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Federal Complaint: Boy Band Mogul Lou Pearlman Used Fake Accountants for Loans
Written by Administrator   
Friday, 15 June 2007
Friday, June 15, 2007

 

HAGATNA, Guam —  Federal authorities allege the creator of the Backstreet Boys and *NSYNC defrauded a bank by securing nearly $20 million in personal and business loans with fake documents from a nonexistent accounting firm.

Lou Pearlman, who had been in hiding for several months, was found in Indonesia and expelled from the country Thursday. He was handed over to the FBI, who took him to the U.S. territory of Guam to appear before a federal judge on a bank fraud charge. Pearlman was held over Friday for another hearing next week.

In a criminal complaint filed in March and unsealed after Pearlman's arrest, an FBI investigator said the boy-band mogul used an accounting firm named Cohen & Siegel to prepare documents for lenders and investors. Authorities said the firm appears to be nonexistent, and was created by Pearlman or his associates.

Similar allegations have been raised in a lawsuit and a lengthy state complaint accusing Pearlman of operating a long-running, multimillion-dollar scam.

Integra Bank officials told investigators they relied on Cohen & Siegel documents as a "clean opinion" in approving and monitoring four loans: two in 2004 for $19 million to Pearlman's Trans Continental Airlines and two in 2006 to Pearlman totaling just under $1 million.

Investigators didn't find any licensed, state-registered accountants for the firm.

Federal authorities also allege Pearlman promised lenders payments from a large account in German Savings, an entity that also appears to be nonexistent. Banks told federal authorities the payments never arrived.

Besides boy bands and airplane charters, Pearlman was also involved in talent scouting, restaurant and other ventures.

He stopped paying bank loans months before he allegedly went into hiding, and lost control of several companies in February when a judge appointed a receiver to take over.

Pearlman faces several lawsuits from individual investors and two involuntary bankruptcy proceedings. He hadn't responded to court subpoenas and doesn't have an attorney in the bankruptcy cases.

The state receiver says it appears Pearlman has defrauded more than 1,000 investors out of more than $315 million in a long-running Ponzi scheme. Banks are also hounding Pearlman and his many companies for more than $120 million, according to bankruptcy court documents.

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The new King of Pop Leaves Pearlman Behind
Written by Lou Pearlman Writer   
Monday, 27 August 2007

Sandra Sperounes, The Edmonton Journal

Published: Monday, August 27

EDMONTON - Who knew one of America's cheesiest boy bands would produce one of the most respected, sought-after pop stars of our times?

In five short years, Justin Timberlake has segued from 'N Sync puppet -- Bye Bye Bye, Lou Pearlman! -- to pop visionary, with a little help from producer Timbaland.

His second album of 21st-century pop, funk, dance and hip-hop, FutureSex/LoveSounds, was one of the top-selling discs of 2006. Released last September, it racked up U.S. sales of 2.4 million copies in less than four months.

Timberlake went on to win two Grammys -- including best rap/sung collaboration for his squelchy sci-fi ballad, My Love, with rapper T.I. -- and the honours keep pouring in.

He's nominated for seven MTV Video Music Awards and he could also add an Emmy to his collection in the coming weeks.

Remember his touching little Christmas tune, Dick in a Box? The Saturday Night Live music video -- a raunchy R&B satire complete with gold chains, Color Me Badd suits and slimy facial hair -- is up for the Emmy for outstanding original music and lyrics.

Awards are fine and all, but the true sign of JT's power is the number of artists lining up to work with him -- from '80s popsters to country stars such as Reba McEntire.

Some of his "customers" include Nelly Furtado, Black Eyed Peas, rapper Lil Wayne and Canadian comedian Mike Myers, who will star with JT in a new comedy, The Love Guru.

Even the most egotistical man in hip-hop, Kanye West, is in awe of the former Mouseketeer.

"He's the only other person that gets an across-the-board response and respect level -- black radio, white radio," West tells XXL magazine.

"If Justin hadn't come out and killed the game, I can't say that my album, singles and videos would be on the same level that they're on. We push each other. I look at me and Justin like Prince and Michael Jackson in their day."

About the only artists who don't want the Timberlake touch are Janet Jackson -- think Super Bowl 2004 -- and his former girlfriend, Britney Spears.

He wrote a song for the out-of-control singer, but Spears reportedly ditched plans to record the tune, according to the New York Post's Page Six gossip column.

Wow, Spears really does need help.

Here's a list of some of the artists who weren't afraid of enlisting JT's talents over the last few months:

MADONNA

- Timberlake and Timbaland recently co-wrote and co-produced 10 tunes with the '80s pop icon. She remains mum on the subject, but Timbaland spilled the beans to MTV.com.

"She's great ..." he said. "She's got a hot album. Her album is up there with Justin's album."

50 CENT

- Timberlake guests on the gangsta rapper's swirly funk-hop single, Ayo Technology.

Not only did 50 Cent speed up his rapping style to suit Timberlake's chorus, he also flew across the U.S. -- three times! -- to work with Mr. SexyBack.

"We started this record in Miami," Fiddy told MTV.com

"I flew to Miami from Los Angeles, (where) I was working with Dr. Dre and Eminem in the studio. We failed to complete it the first night 'cause Justin and Timbaland were both on tour. We recorded the first version, the intro to the song, and then I flew back to L.A., caught up with them in Houston. So when I got to Houston we got back to the studio and it was like 1-2-3. Justin had it clear in his head. There was no paper: He just went and delivered his vocals and changed octaves all over the place. It came out great - you can't ask for better."

Ayo Technology, and the rest of 50 Cent's new album, Curtis, drops Sept. 11.

Talib Kweli

- The New York rapper enlisted Timberlake to co-write and guest on The Nature. It's the last track on his new album, Ear Drum, now in stores.

"I had been recording at Record Plant in Los Angeles, and kept running into Justin Timberlake," Kweli told SOHH.com.

"I learned a lot watching him preparing his record. ... Justin works hard at beefing up his sound so it hits your ear right, and that's what I was focused on for my record."

Macy Gray

 - JT co-wrote and produced Okay, from the loopy singer's latest album, Big.

"He's very focused, very determined, very much a master of his craft," she told the Orlando Sentinel.

"Justin knows how to put a song together. I liked him, and we definitely clicked."

Duran Duran

- JT and Timbaland co-wrote Nite Runner (or Night Runner, depending on the website) for the aging wild boys.

The track, which will appear on DD's Red Carpet Massacre, is now streaming on Entertainment Weekly's website.

There's still no confirmed release date for the disc.

Reba McEntire

- Timberlake and the country legend sing The Only Promise That Remains on her forthcoming album, Reba Duets. He also co-wrote and co-produced the Celtic-flavoured song.

"I told Justin I was very nervous about hearing the song," McEntire revealed on her website.

"I didn't know if it was going to be Sexy Back II or what! ... It was really a lot of fun getting to know him. We went to supper after recording, and just hung out. He's very down-to-earth."

Reba Duets will be released Sept. 18.

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