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.

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.