MORE Indie Invaders / POSTED BY: KINGSOFAR

Lou Pearlman Mug Shot (courtesy of AP)Boy band mogul and scum bag extraordinaire, Lou Pearlman, is no longer on the run. Pearlman had been hiding out in an Indonesian hotel when immigration officials informed him that he is not welcome in their country and turned him over to US officials. He was escorted by the FBI to Guam, a US territory, where he was immediately arrested. In February, all of Pearlman’s Florida properties and documents were seized and he is now facing numerous federal charges and civil suits.

While the federal charges remain publicly unknown, Pearlman has been charged in both state and federal court with civil complaints alleging widespread fraud in an “employee investment savings account ” program he ran for more than two decades through his Trans Continental Airlines company.

The civil suits, including one from the Florida Office of Financial Regulation, have alleged he received more than $317 million from more than 1,800 investors who were told their money was going into safe, secured, high-interest accounts. They money instead fueled a huge, long-running Ponzi scheme, in which later investments were used to keep earlier investors happy, the suits allege. In addition, a dozen banks have sued him after foreclosing on more than $130 million in loans.- Orlando Sentinel

Pearlman fell off the radar in January, but popped up on German television in support of boy band US5, who was touring throughout the country at the time. He then disappeared again, leading the FBI on a global chase before being turned over by Indonesian authorities and expelled from the country. Pearlman is currently being held in Guam and could remain there for weeks. With fraud claims exceeding a half billion dollars, Pearlman could be facing a minimum of 30 years in prison.

Click here for a list of Pearlman’s many, many lawsuits over the years.

Twitter
Facebook
Newsletter
Recent Posts
  • Tori Lange Draws Global Inspiration for a Fresh Sound
  • Sam Hel Wilds Debuts with Weekend Blues – A Perfect Blend of Nostalgia and Connection
  • Cali Tucker Releases New Single “Urban Cowboy,” Blending Pop, Electro, and Country
  • Noah Derksen Reimagines Macy Gray’s “I Try” on Upcoming Album Stolen Serenades
  • Maudlin Strangers are back with their new track “Under My Skin”
  • Melanie MacLaren Drops Haunting Folk Track “Bloodlust
  • Don’t Believe In Ghosts Unveil New Single “Brooklyn Baby” — A Tribute to NYC Dreamers
  • Anjali Gabriella: Emerging Artist Blending Catchy Melodies with Raw Storytelling
  • Leah Wilcox Drops “Blue” — A Blend of Indie Rock and English Countrygaze
  • Nick de la Hoyde Releases New Single “Monster,” Exploring Inner Demons
  • Estella Dawn Unveils “Detached”: A Mid-Tempo Anthem Redefining Breakups
  • Listen to “Whiplash” by Tessa Dalton – A Perfect Mix of Pop and Alt Rock
  • Christa Lee’s “Mosaic”: A Genre-Bending Journey Through Dreamy ’60s/’70s Vibes and Modern Pop
  • Izzy MacArthur’s “Landmines”: A Haunting, Stripped-Back Track
  • CATBEAR Releases New Track “Carry On” – Perfect for a Haunting, Atmospheric Mood
  • Clover County Drops Catchy New Single “Ultraviolet” from Upcoming EP
  • ZØYA: Rising Pop Artist Blending Faith, Powerful Vocals, and Social Advocacy for Global Impact
  • Estella Dawn Drops Groovy New Track “Julian” as 7th Release of 2024
  • Will Knox: A Master of Storytelling with New Indie Track “Body Talk”
  • MAUMAUMAU Explores Modern Romance with “God Bless The Irony” from Debut Album ‘MAUCH’
  • Lauren Presley Drops Fiery Breakup Anthem “Hint” for Exes Who Won’t Move On
  • Watch out for Azra’s new uptempo rocker, “If It Wasn’t for You
  • Kylie Rothfield Releases “Never Loved Somebody” as First Single from Upcoming Album
  • Peyton Shay Reflects on Heartbreak in “Dashboard Lights” Video: A Fresh Take from Her Upcoming Daydream Police EP
  • Wodan Boys Drop Explosive New Track “Karaoke Rockstar” Ahead of Upcoming EP
  • Tiny Gun’s ‘No Worries If Not’: A Grungy Throwback to NYC’s Iconic Club Scene
  • Feel-Good Folk: Reuben Medlin’s ‘Sunshine Of My Life’ Celebrates Love and Memory”
  • Joshua Golden’s “St. Louis, Missouri” – A Nostalgic Folk Gem
  • “Honest” by Tessa Dalton: A Raw and Relatable Take on Modern Relationships
  • Mal Sounds Embraces Stillness with Lo-Fi EP ‘Still In New York
  • Follow

    Home

         

    About

         

    Contact

         

    Daily Readership

    Copyright 2024 Kings of A&R     Website Design by PaleBird