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July 16th, 2008

Creator Of Backstreet Boys And 'N Sync Ordered To Repay Investment Fraud Victims

Jan Westmark - Celebrity News Service

Orlando, FL (CNS) - Lou Pearlman, who created the popular boy bands the Backstreet Boys and 'N Sync, is being ordered to repay victims for his decade-long investment frauds. The amount he would need to repay borders around $300 million.

On Wednesday, a federal judge in Orlando asked lawyers to draw up the order for his approval.

Pearlman is serving a 25-year sentence on federal fraud charges. It is unclear whether the creator of the famous boy bands will be able to raise that amount of money while he is behind bars.

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