Scamming people out of millions of dollars and not responding to subpeonas?
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?
2007-06-15 04:12:40 · 2 answers · asked by christigmc 5 in Politics & Government ➔ Law & Ethics
My friends and I are more curious about how much jail time he's expected to face and how much in fines he'll be asked to pay.
2007-06-15 04:23:17 · update #1
As the first answer stated, the government has ample time to develop a case against this scumbag promoter.
I'm sure the IRS will want to look his income over very carefully. And they don't play nice with his kind.
Expect several other charges to be filed in the weeks ahead.
2007-06-15 04:21:28 · answer #1 · answered by Floyd G 6 · 0⤊ 0⤋
Many times the government files one charge to hold a fugitive while they continue to investigate.
If they uncover more evidence of further crimes they will file more charges.
2007-06-15 04:18:05 · answer #2 · answered by Anonymous · 2⤊ 0⤋