Last Smile before going to Prison!

Posted by dingdans

May 22, 2008

Creepy piece of trash, Lou Pearlman, was sentenced to 25 years in the chokey today for cheating investors and banks out of more than $300 million. Lou, the asshole who launched the Backstreet Boys and N’Sync, tried to delay his sentencing to allow time to launch his latest pop group, US 5. His attempt was unsuccessful. Lou pleaded guilty to the charges last March.

Reuters reports:

In an audacious two-decade-long scam, Pearlman enticed individuals and banks to invest millions of dollars in two companies that existed only on paper and won the confidence of investors with strong but fake financial statements created by a fictitious accounting firm, according to his plea agreement.U.S. Judge G. Kendall Sharp held up a book with letters from Pearlman’s victims, saying they included “his family, his close friends and people in their 70s and 80s who have lost their life savings.”

“So the sympathy factor doesn’t run high with the court,” Sharp said.

Unfortunately, the court refused Lou’s request to serve his entire sentence in juvenile hall. Oh well, you can’t blame a pedo for trying.

Source: dlisted.com

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