About Lou Pearlman
Louis Jay Pearlman (June 19, 1954 – August 19, 2016) was an American music manager and convicted felon. He was the person behind many successful 1990s boy bands, having formed and funded the Backstreet Boys. After their massive success, he then developed NSYNC. In 2006, he was accused of running one of the largest and longest-running Ponzi schemes in United States history, leaving more than $300 million in debts. After attempting to evade capture, Pearlman was apprehended in Bali, Indonesia in June 2007. He pled guilty to conspiracy, money laundering, and making false statements during bankruptcy proceedings. In 2008, Pearlman was convicted and sentenced to 25 years in prison. He died in federal custody in 2016. The two parties sued each other, and seven years later Pearlman was awarded $2.5 million in damages. Lou Pearlman was a first cousin of the musician Art Garfunkel. During his first year as a student at Queens College, Pearlman wrote a business plan for a class project based on the idea of a helicopter taxi service in New York City.
Biography source: Wikipedia. The profile adds birthday-specific historical context from the Celebs Birthday Today editorial database.