By: David McCall Lou Pearlman

About Lou Pearlman was born June 9th 1954. He made 1990’s bands successful. He was discovered of running the most longest ponzi scheme in American history in 2006. He was already a rich man before the schemes.

What made him become a con? Lou Pearlman become a con because of his greediness for money. He was obsessed with having money.

Cons/and or frauds He pleaded guilty of conspiracy, money laundering, and making false statements during bankruptcy.

How did he get away with it? He would Make false statements by saying he was working with someone to get an investor to invest in his business or what ever it was he wanted to do.

How he got caught The prosecutors filed the bank fraud papers after they the banks realized that he wasn’t bringing in the millions he got from them. Investors realized they were not getting any profit from them he was keeping it all.

What the victims should have done. The investors and the Banks should had made sure that they could have kept a good eye on him. They should have done like a background check on him also.

Jail He was caught in 2006 and took to jail. They didn’t order his 25 year sentence untill 2008. They got him in Indonesia in a resort having a good time.

Money owed He owes money to investors and to banks. He owes 317 million dollars to 1800 investors and 160 million dollars or more to banks.

Job He done He was investing in a lot of things. The main thing that he done was a music producer. He made the backstreet boys some more.

Family He was the only kid out of his parents. He was a jewish kid.

Work Cited https://www.google.com/ http://www.cnbc.com/id/100000082 http://www.sptimes.com/2007/06/15/Business /Lou_Pearlman_arrested.shtml