  Pearlman in cuffs after leaving court hearing in Orlando on July 11. |
Lou Pearlman Owes Fraud Victims Nearly Half A Billion Dollars
Saturday, July 12, 2008 – updated: 6:40 pm EDT July 12, 2008
ORLANDO, Fla. -- Federal prosecutors have filed court documents showing confessed con-man Lou Pearlman owes $425-millon to his victims.Prosecutors want a judge to force him to start paying immediately. They also want the judge to make Pearlman pay interest on the debt, which is an unprecedented request.Pearlman pleaded guilty to fraud earlier this year and was sentenced to 25 years in federal prison. He owes the millions to individual investors and to banks all over the country.The former boy-band mogul has claimed he is bankrupt and a court-appointed trustee has been pouring over his assets, trying to liquidate them to begin paying the massive debt Pearlman owes.
Previous Stories:
- May 28, 2008: Boy Band Members Visit Manager Lou Pearlman In Jail
- May 20, 2008: Pearlman To Face The Music Wednesday With Scheduled Sentencing
- May 17, 2008: Pearlman Wants Sentence Delayed
- April 8, 2008: Lou Pearlman's Attorneys Request Delay In Sentencing
- March 13, 2008: Bankruptcy Court Decides Not To Sell Lou Pearlman's Mansion
- March 6, 2008: Accused Con-Man Lou Pearlman To Help Investigators Recover Money
- March 4, 2008: Polygraph May Decide What Kind Of Punishment Lou Pearlman Gets
- March 3, 2008: Lou Pearlman Changes Mind, Expected To Plead Guilty
- February 10, 2008: Buyers Tour Pearlman Home Before It Goes To Auction
- January 9, 2008: Accused Con Man Pearlman's $7 Million Home Going To Auction
- October 15, 2007: Mystery Pearlman Documents Could Reveal Hidden Assets
- October 5, 2007: Pearlman Home Back On Market After Sale Falls Through
- October 4, 2007: Former Pearlman Assistant Claims Accused Con-Man Touched Him Inappropriately
- October 3, 2007: Article Alleges Lou Pearlman Molested Boy Band Members
- August 29, 2007: Lou Pearlman's Windermere Mansion May Have A Buyer
- August 22, 2007: Pearlman Trial Scheduled To Start In March Of 2008
- August 17, 2007: Lou Pearlman Requests, Receives Indefinite Delay On Trial
- August 9, 2007: More Pearlman Items To Be Auctioned Off This Month
- August 8, 2007: Lou Pearlman Visited In Jail By Timeshare Mogul
- July 24, 2007: Pearlman Moved Out Of Medical Unit, Into Main Jail Facility
- July 11, 2007: Lou Pearlman May Have Been Plotting Move To Panama
- July 10, 2007: Pearlman To Return To Florida To Face Federal Judge
- July 9, 2007: Lou Pearlman Expected In Orlando Court This Week
- July 6, 2007: Criminal Complaint Filed In Germany Against Lou Pearlman
- June 27, 2007: Federal Grand Jury Indicts Accused Con Man Lou Pearlman
- June 13, 2007: Pearlman Auction Customers Frustrated In Attempt To Get Items
- May 2, 2007: Lou Pearlman To Have Honorary Deputy's Badge Revoked
- April 30, 2007: Pearlman Investors Told They Won't Get All Their Money Back
- April 20, 2007: Judge Orders Freeze On Pearlman's $250,000
- March 9, 2007: Pearlman Defends Himself For First Since Allegations
- March 6, 2007: Lawsuit Says Crist Cleared Pearlman Despite Evidence
- February 27, 2007: $40 Million Offer Made On Pearlman's Church Street Property
- February 26, 2007: Orlando Developer Makes Offer To Buy Lou Pearlman's Property
- February 23, 2007: Class Action Lawsuit Filed Against Lou Pearlman
- February 22, 2007: Pearlman Has Three Months To Pay Back Investors
- February 2, 2007: State Takes Over Lou Pearlman's Embattled Orlando Company
- January 26, 2007: Lou Pearlman Under Investigation By State
- November 14, 2006: Orlando Businessman, Partner With Lou Pearlman Commits Suicide
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