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Lou Pearlman Pleads Guilty

Lou Pearlman, who is often called the "father of boy bands," could face up to 25 years in prison and a $1 million fine for charges of conspiracy, money laundering and making false statements during a bankruptcy proceeding, according to the Associated Press. Pearlman, who essentially created the Backstreet Boys and 'NSync, pleaded guilty Mar. 6 to the federal charges that were the result of a lengthy probe alleging he bilked investors and banks out of more than $300 million. / Read more

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Lou Pearlman Pleads Guilty

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