Lou Pearlman died while behind bars Friday at age 62.
NEW YORK DAILY NEWS
Saturday, August 20, 2016, 10:03 PM
Disgraced boy band producer Lou Pearlman died Friday while serving 25 years in prison for orchestrating a $ 300 million Ponzi scheme.
Pearlman, the music mogul behind popular pop sensations ‘N Sync and Backstreet Boys, died while behind bars at age 62, according to WFTV-TV.
The Queens native founded Trans Continental Records out of Orlando, Fla., which fostered other pop artists such as the male pop group O-Town.
Lou Pearlman poses with ‘N Sync singers Joey Fatone, Chris Kirkpatrick, JC Chasez, Lance Bass and Justin Timberlake in 1996.
Former ‘N Sync member Lance Bass paid tribute to Pearlman in a brief Twitter post after learning of the producer’s death.
“He might not have been a standup businessman, but I wouldn’t be doing what I love today (without) his influence. RIP Lou,” Bass wrote.
Music mogul Lou Pearlman was arrested in 2007 for orchestrating a Ponzi scheme.
Pearlman was nabbed on a single bank fraud charge while in Indonesia, where local authorities deemed the portly music producer “an undesirable visitor.”
He was sentenced to 25 years in federal prison in 2008 after pleading guilty to conspiracy and money laundering charges related to a fraud scheme that targeted several elderly victims — including friends and relatives.