MIAMI (CBS SF/AP) — Lou Pearlman, credited for starting the boy-band craze and launching the careers of the Backstreet Boys and ”NSYNC, has died in prison while serving a 25-year sentence for a massive Ponzi scheme.
The Orlando Sentinel reports that according to a federal inmate database, the 62-year-old Pearlman died Friday. The cause of death was not immediately known.READ MORE: UPDATE: Cal Fire Crews Reach 80% Containment on Fremont Fire Near Napa-Sonoma County Line
Pearlman’s $300 million Ponzi scheme through his Trans Continental companies was uncovered in 2006. He was convicted of fraud in 2008.
Hundreds of lawsuits were filed in the mogul’s case, including one by the Backstreet Boys.
”NSYNC singer Lance Bass tweeted on Saturday “Word is that #LouPearlman has passed away. He might not have been a stand up businessman, but I wouldn’t be doing what I love today wout his influence. RIP Lou”
Bandmate Justin Timkberlake said on Twitter “I hope he found some peace. God bless and RIP, Lou Pearlman.”
AJ McLean of the Backstreet Boys tweeted “Many emotions at the news of Lou’s passing. Without Lou I wouldn’t have met my four brothers or had the opportunity of a lifetime. RIP.”
While Aaron Carter, brother to Backstreet Boy Nick Carter had this to say about his former manager “#LouPearlman my old manager died in prison… Rip Lou not the best business guy really at all but he did discover me karma is real”
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