“Lou Pearlman, the gregarious mastermind behind boy bands such as ‘N Sync and the Backstreet Boys, is now admitting his role in a different kind of choreography: a Ponzi scheme.” This is an interesting story of a scam(ponzi) that lasted well over 20 years until it finally came tumbling down.
Read the full story on Fox: http://www.foxnews.com/story/0,2933,335102,00.html
Filed under: Interesting News | Tagged: Lou Pearlman, Ponzi |
Wait up.
A 20 year Ponzi scheme !!
How on earth did he manage to pull that off, even “conning” legitimate banks who are normally risk averse and do serious due diligence.
This is a most interesting post.