Lou Pearlman - the disgraced former music industry mogul who died in 2016 - was a controversial character to say the least. He was a major figure in the popular music industry for many years and created many iconic groups such as NSYNC and the Backstreet Boys. (1)
Pearlman’s rise in the music industry was meteoric until January 2007 when he fled the United States after the discovery in 2006 that he was bankrupt and had committed fraud and laundered money since the mid-1980s. (2)
He did this by running two shell companies – Transcontinental Airlines Travel Services Inc. and Transcontinental Airlines Inc.– in which he would convince individuals and companies to invest money that he would then use to fund his lavish lifestyle. (3)
In total Pearlman is believed to have laundered over $300 million through these two legal entities. (4)
This not only impacted companies who could lose a chunk of change without too much ado, but also elderly people who had invested their life savings at Pearlman’s behest on the strength of the fraudulent accounting statements he produced.
To quote Phil Helsel writing at NBC:
‘One woman said she lost half her retirement savings and was living on Social Security. A widow described her 87-year-oldhusband breaking down in tears after learning they'd been scammed, according to court transcripts.’ (5)
Harrowing accounts such as these are just the tip of the iceberg. Pearlman used his position as the manager of the hit pop group Backstreet Boys to pay himself tens of millions of dollars from the group’s profits. All while paying each member of the group itself some $12,000 a year (i.e., sweatshop level wages) at the height of their success between 1993 and 1997. (6)
It also turns out that Pearlman was a completely unscrupulous fraudster from the very beginning of his career.
To quote Steven Hyden:
‘When Pearlman grew up, he founded a company, Airship Enterprises Ltd., in 1980. His fleet consisted of a substandard blimp that crashed into a garbage dump less than a mile into its inaugural flight. An insurance settlement later awarded him $2.5million, after which Pearlman rebuilt his budding empire via a Wolf of Wall Street–like “penny stocks” scheme that made him flush with cash and foreshadowed far more lucrative (and ultimately much more destructive) scams on the horizon.’ (7)
He also claimed that he wasn’t at all like Bernie Madoff, (8) because he was going to pay off all of the people that he scammed by creating more successful boy bands from behind the bars of his prison cell. (9)
Oddly enough: nobody took him up on the offer.
How strange!
In spite of his vile con-artist type behaviour: Pearlman had an even darker side to him.
He was also a homosexual predator with a predilection for young non-jewish boys.
Lance Bass, a member of NSYNC - for example - has revealed that Pearlman touched him inappropriately on at least one occasion (10) and that he wasn’t the only member of the boy band who suffered from Pearlman’s sordid attentions. (11)
To quote Bryan Burroughs at Vanity Fair:
‘Some, especially the teenagers, shrugged and giggled when he showed them pornographic movies or jumped naked onto their beds in the morning to wrestle and play. Others, it appears, didn't get off so easily. These were the young singers seen emerging from his bedroom late at night, buttoning their pants, sheepish looks on their faces. Some deny anything improper ever happened. But the parents of at least one, a member of the Backstreet Boys, complained. And for any number of young men who sought to join the world's greatest boy bands, Big Poppa's attentions were an open secret, the price some paid for fame.
"Some guys joked about it; I remember [one singer] asking me, 'Have you let Lou blow you yet?'" says Steve Mooney, an aspiring singer who served as Pearlman's assistant and lived in his home for two years. "I would absolutely say the guy was a sexual predator. All the talent knew what Lou's game was. If they say no, they're lying to you."
To a number of his former band members, Pearlman seemed so enamored of his male singers that it called into question his motivations for entering the music business in the first place.
"Honestly, I don't think Lou ever thought we would become stars," says Rich Cronin, lead singer of the Pearlman boy band Lyte Funky Ones (LFO).
"I just think he wanted cute guys around him; this was all an excuse. And then lightning crazily struck and an empire was created. It was all dumb luck. I think his motives for getting into music were very different."’ (12)
In other words: Pearlman’s homosexual predation was not a small thing, but something everybody knew about and was afraid to disclose due to fear of retribution from the powerful music industry mogul.
All in all, Pearlman was a homosexual predator, a fraud and a jew.
The world is better off without him, but we should never forget how Pearlman and his kind stole the life savings of old ladies and sexually abused young boys without even a peep from those around him who knew exactly what he was up to.
References
(1) http://www.foxnews.com/entertainment/2016/08/21/nsync-backstreet-boys-creator-lou-pearlman-dies-in-prison.html
(2) http://en.israel-today.ru/died-in-prison-lou-pearlman-creator-of-the-groups-backstreet-boys-and-nsync.html
(3) http://www.nbcnews.com/pop-culture/music/lou-pearlman-disgraced-creator-nsync-backstreet-boys-dies-n635336?cid=sm_fb
(4) http://www.vanityfair.com/news/2007/11/pearlman200711
(5) http://www.nbcnews.com/pop-culture/music/lou-pearlman-disgraced-creator-nsync-backstreet-boys-dies-n635336?cid=sm_fb
(6) http://www.billboard.com/articles/news/5885250/lou-pearlman-prison-interview-boy-bands-ponzi-scheme; http://grantland.com/hollywood-prospectus/the-return-of-boy-band-impresario-lou-pearlman-an-all-time-music-industry-swindler/
(7) http://grantland.com/hollywood-prospectus/the-return-of-boy-band-impresario-lou-pearlman-an-all-time-music-industry-swindler/
(8) http://www.billboard.com/articles/news/5885250/lou-pearlman-prison-interview-boy-bands-ponzi-scheme
(9) http://grantland.com/hollywood-prospectus/the-return-of-boy-band-impresario-lou-pearlman-an-all-time-music-industry-swindler/
(10) http://defamer.gawker.com/lance-bass-says-pedophile-inappropriately-touched-n-s-1735233946; http://www.dailymail.co.uk/tvshowbiz/article-3264010/It-happened-Former-boy-band-star-Lance-Bass-revealed-inappropriately-touched-teenager-NSync.html
(11) http://www.dailystar.co.uk/showbiz/468883/NSYNC-boys-abused-by-music-industry-paedophile
(12) http://www.vanityfair.com/news/2007/11/pearlman200711