Lou Pearlman, the man behind boy bands 'N Sync and the Backstreet Boys, is set to plead guilty to a $300m fraud scheme, prosecutors have said. In a plea agreement, the music mogul has admitted running scams that defrauded investors and major banks for more than 20 years. Mr Pearlman entered a not guilty plea last year, but is scheduled to reverse that in court in Florida on Thursday. [READ MORE]
SOURCE: BBC News
Posts
No comments:
Post a Comment