Lou Pearlman and the 20 year Old Ponzi Scheme

“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

One Response

  1. 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.

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