Former boy-band impresario/pervy Ponzi scheme masterminder Lou Pearlman has been sentenced to 25 years in prison for fleecing investors and banks out of $300 million over the course of 20 years, with the judge at his sentencing waving a book filled with letters from “his family, his close friends and people in their 70s and 80s who have lost their life savings” who wanted to see Pearlman serve hard time. Pearlman tried to delay his sentencing so he could get back on his feet–and out of bankruptcy–via profits from his latest boy band, the German/English/American US5, and their inevitable conquering of the American market. However, the judge was apparently familiar enough with the music industry’s recent woes to realize that Pearlman was trying to pull yet another fast one with that little bit of posturing. The Timberlakes-in-training that the world will be missing out on, after the jump.
It’s like 2000 never ended, isn’t it?