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Artist rendering of Lou Pearlman in court on July 16, 2008.
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LOU PEARLMAN ARRESTED

Prosecutors To Ask That Pearlman Start Paying Restitution Immediately

Tuesday, July 15, 2008

ORLANDO, Fla. -- Federal prosecutors plan to ask a judge to start making convicted conman Lou Pearlman pay back hundreds of millions of dollars in restitution immediately.

Court papers show prosecutors want Pearlman to pay $297 million in losses. They also want him to pay interest accrued from January 1989 through December 2006 which totals $127 million.

A hearing is scheduled for Wednesday. Pearlman pleaded guilty to fraud and was sentenced to 25 years in federal prison.

Copyright 2008 by wftv.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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