How much jail time and fines is Lou Pearlman looking at?

Question

The FBI just caught Lou Pearlman. He's the guy behind the 90s boy bands.
Over the last few years he's been scammed over 1000 investors using the Ponzi scheme. to the tune of $315 million. He's been on the run for the last few months and has ignored numerous subpeonas. My friends and I were just curious. About how mnay years in jail and how large of a fine, asdie from the $315 million is he looking at?
Also the report said that he was charge with 1 count of bank fraud. But he scammed over 1000 people and several banks. Why only 1 charge?

Answer 1

When a prosecutor suspects that he will have trouble getting a jury to convict, he will generally file a single count. When the case is ready for trial, he will go back to the grand jury and prepare a second indictment, again for a single count.

If the jury acquits, he arraigns on the second indictment, and the daisy chain keeps going until the defendant is convicted or ruined....or both.

Answer 2

Lou Pearlman Jail

Answer 3

Lou Pearlman is a well-connected Jew. The bank fraud charge probably means that he made the mistake of victimizing another Jew who had even better connections than he did.

Answer 4

"VENGEANCE IS MINE ",SAYETH THE LORD ( SOURCE; THE HOLY BIBLE)---IT IS NOT FOR ME,AS A CHRISTIAN, TO STAND IN PERSONAL JUDGMENT OF OTHERS---COURTS/PROSECUTORS OFTEN "GO WITH" WHAT CASE THAT THEY FEEL IS THE COMBINATION OF "BEING THE STRONGEST AND EASIEST" CHARGES TO PURSUE---THEY CAN LATER "GET A SECOND BITE OF/AT THE APPLE ( the person in this case,not the EXACT same incident)IF "THINGS GO BADLY"------SORT OF LIKE USING THEIR "AMMO" ( and time & efforts) WISELY, BY PURSUING OTHER INDIVUAL CHARGABLE INCIDENTS-AT A LATER TIME WITHIN THE EXISTING TIME LIMITATIONS OF THE "STATUE OF LIMITATIONS" WHICH EXIST FOR THE OTHER POSSIBLE FUTURE "CHARGEABLES".