News & Rants From The Devil

By Stan The Devil

Music mogul Lou Pearlman was caught in a hotel in Indonesia after a German tourist tipped officials that he had spotted him at the Westin Resort at Nusa Dua, Bali.  The Indonesian police interviewed Pearlman and decided he was not welcome in their country based on information given to them by the FBI. Pearlman was flown to Guam, the nearest U.S. outpost and was placed under arrest. He will remain there and then he will be flown to Orlando, Florida.

Lou Pearlman will be turning 53 on Tuesday. He disappeared from Orlando in January where he is being sued and questioned about hi business. His hearing started right after 12:30am Orlando time, which is mid afternoon in Guam. Pearlman requested to be represented by a taxpayer-funded lawyer.

Pearlman was asked Friday to disclose his personal financial information to show whether the government should provide his lawyer. He refused since that could be used as evidence against him.

The fraud case against Pearlman alleges that he used fictitious accounting firm, inflates financial statements, nonexistent IRS and false claims to secure $19 million in loans from Integra Bank of Indiana in 2004. He also faces claims from investors, banks and lawyers trying to get more then $130 million in loan to Pearlman. He has also collected $317 million from investors in a savings program he offered.

Lou Pearlman created boy bands like The Backstreet Boys and N’Sync.

Lou Pearlman was taken to jail

My thoughts:
I’m sure this guy has the money to pay for his own attorney. He is probably hiding a lot of money somewhere else under another name. This guy is very smart so they really have to do their research.

Bands Brands and Billions	Fraud 101	CD Backstreet Boys	CD N’Sync

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