Music Manager Owes $300 Million

While this post is a bit off the beaten path from my usual music business blogs, I thought it was interesting nonetheless and wanted to share it with you.

According to Travis Reed, Associate Press Writer--

The creator of super boy band groups the Backstreet Boys and 'N Sync swindled a staggering $300 million from banks and investors in a decade-long scam. Lou Pearlman is currently serving 25 years for his crime and will have to repay the money. Click here for the full report.

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