ORLANDO, Fla. AP – Lou Pearlman and federal authorities have finally agreed on how much the former boy band promoter swindled from banks and investors in a decades-long scam: a staggering $300 million.
That’s how much creator of the Backstreet Boys and ‘N Sync will have to repay, at a minimum, for restitution on the fraud conviction for which he’s serving a 25-year prison sentence.