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EspañolLOU PEARLMAN
A mugshot of Lou Pearlman
'Louis Jay Pearlman' (born June 19 1954, Flushing, Queens, New York, USA). He is an only child, born to Reenie and Hy Pearlman that ran a dry cleaning business. He last resided in Orlando, Florida and was best known as a manager for boy bands like the Backstreet Boys, 'N Sync and US5.
On December 27, 2006, the Florida Office of Financial Regulation (OFR) - after a yearlong investigation - filed a complaint against Pearlman and his companies for a huge savings / investment program fraud, alleging Pearlman has been operating a record-length Ponzi Scheme, using falsified FDIC documents to gain his investors' confidence.[1] June 14, 2007, Pearlman was arrested in Indonesia and turned over to US authorities. Criminal charges were filed by the FBI and June 27, 2007 Pearlman was indicted by a federal grand jury, charging him with three counts of bank fraud, and single counts of mail and wire fraud. [1] More charges are expected to follow, alleging he defrauded investors and banks of close to five hundred million dollars.[2].
| Contents |
| Boy bands |
| Talent scouting scandal |
| Trans Continental Airlines savings program fraud investigation |
| References |
| External links |
Boy bands
Pearlman idolized his famous first cousin Art Garfunkel. Lou played guitar too, but when success as a musician proved elusive, he turned his attention to aviation. After years of occasionally chartering a jet through Trans Continental Airlines, according to Pearlman's biography on his former website, he received a charter request from the pop musical group, New Kids on the Block. After learning that these five young kids had made hundreds of millions of dollars in record, tour and merchandise sales, Louis Pearlman started Trans Continental Records. Allegedly the first band to sign to Trans Continental Records, the Backstreet Boys sold 100 million records worldwide [2][3] , hitting gold and platinum in 45 different countries and repeating their success with the band 'N Sync, which sold over 56 million records globally.[3].
Also Pearlman's involvement in Chippendales dancers predated his boy-group success. ''"I got involved with Chippendales before Backstreet and it's Chippendales and New Kids on the Block that gave me the idea to pursue Backstreet."''[4].
Other boy bands managed by Lou Pearlman are/were O-Town (created for the ABC/MTV reality TV series Making the Band), Lyte Funky Ones (LFO), Take 5, Natural and US5. Further artists on the Trans Continental's label include Aaron Carter, Jordan Knight, C Note, and Smilez & Southstar. Pearlman owned an entertainment complex in Orlando, including a recording studio (Trans Continental Studios).
Ongoing investigations show that previous and other Pearlman enterprises were prefinanced / kept up with funds he defrauded from investors and banks.
All musical acts who have worked with Pearlman have sued Pearlman in Federal Court for misrepresentation and fraud. All cases against Pearlman have either been won by those who have brought law suits against him, or have been quietly settled out of court.
The Backstreet Boys sued Pearlman because they felt their contract, under which Pearlman collected as both manager and producer, was unfair. Fellow boy band
★ NSYNC had similar issues with Pearlman... according to VH1's 100 Most Shocking Rock & Roll Moments, BMG claimed nearly all of the three hundred million dollars
★ NSYNC had made from record and merchandise sales, leaving seven million dollars for the members of the band. Frustrated,
★ NSYNC attempted to leave RCA and sign with competitor Jive Records, a migration which Pearlman hoped to prevent with legal action. Both BMG and Pearlman's lawsuit and the countersuit filed by
★ NSYNC were settled out of court.
Teenage pop star Aaron Carter (then 14) filed a lawsuit in 2002 that accused Pearlman and Trans Continental Records of cheating him out of hundreds of thousands of dollars and of racketeering for a deliberate pattern of criminal activity. The suit was later settled out of court.[5]
''"They find talented kids, sign them, watch them get successful, don't pay them, wait for them to sue and then settle the cases," Yanger said. "It is not an isolated case."''
Looking back at those days, 'NSYNC star Justin Timberlake said 24 September 2006 in an interview with the magazine Rolling Stone: ''"I was being monetarily raped by a Svengali".''[6]
Lou's most published oneliner: "People keep asking me, when is it all over?" he said. "And my answer is, when God stops making little girls, it's over."[7]
Among Lou Pearlman’s latest activities were controversial massive talent scouting (from Options Talent up to Talent Rock),[8] and producing RTL reality TV show "Big in America" in Germany.[9] Boy band US5 appears to have been assembled on that show. It appears US5 management, Berlin-based company Triple M Music [4], may be the only running business that Pearlman is still actively involved in.
Talent scouting scandal
In September 2002 Louis Pearlman purchased the Internet oriented talent scouting company Options Talent, allegedly without being informed by Options Talent CEO Mark Tolner about the criminal pasts of some of that company's officials, Ayman Ahmed El-Difrawi (aka Alec Defrawy / Defrawi) and David Elliott.[10][11]
Since then Options Talent went through several name changes, like Trans Continental Talent TCT, Wilhelmina Scouting Network WSN (now Web Style Network).
The New York State Consumer Protection Board did issue a consumer alert about WSN / TCT due to many consumer complaints.[12] In Florida about 2000 complaints were filed with the Attorney General and the Better Business Bureau. A lawsuit was in preparation by Assistant AG Jacqueline (Jackie) Dowd, as a result of a two years investigation. The case never made it to court. Few month's after Dowd's unexplained replacement by John MacGregor the inquiry was discontinued because in MacGregor's opinion the probe was unable to find "any substantial violations".[13][14]
After WSN's questionable bankruptcy,[15][16] Pearlman started Fashion Rock (now Talent Rock) in September 2003, at that time with Tolner (CEO), Defrawy and several other former WSN staff members still involved.[17][18][19]
In 2004 Pearlman started an aggressive campaign against some websites that contain criticism (facts and opinions) of his methods of conducting talent search. To "attack critics" more than a dozen sites were erected by Fashion Rock CEO Mark Tolner (internethatesites.com a.o.) and by Fashion Rock business model creator Alec Defrawy ("The Bureau of Ethical Internet Commerce" beiconline.com). [20][21] June 2004 Fashion Rock, LLC filed a civil suit for defamation against a number of individuals and companies (the alleged "group of criminals"). No evidence was ever presented by Fashion Rock. Defendants alleged the suit was frivolous, only meant to harass and to hurt them financially. The cases against co-defendants Bill Rosenberger, Les Henderson and Roberto Villasenor were dismissed. Consequently the whole case was closed. No reasons for the dismissal were revealed by the Court. [22][23][24]
Canadian anti-consumer-fraud expert Les Henderson filed a libel suit against Pearlman, Tolner, El-Difrawi and several others. The suit is in progress.[25] Henderson is the author of the book "Under Investigation" about the WSN affair and the questionable way the Florida governor ( attorney general at the time ) Charlie Crist's office handled it.[26][27][28]
Trans Continental Airlines savings program fraud investigation
November 14, 2006, WFTV.com reported Frank Vazquez, vice president of operations for Trans-Continental Companies, took his own life. The article mentioned Florida state investigating a savings program offered by the company. [29]
December 17, 2006, the St. Petersburg Times wrote the program was offering "high yield at no risk", and was presented as a way to participate in a special deal for Trans Continental Airlines employees. Investors were notified by Trans Continental Airlines that it stopped processing withdrawals from its "Employee Investment Savings Account" and the company wrote in a form letter to "anticipate a resolution soon after the first of the year".[30] After getting sued by the state Office of Financial Regulation, the company agreed to halt all sales, while denying the charges.[31][32][33]
27 December 2006 the Florida Office of Financial Regulation filed the 'Complaint' (published February 5), alleging Pearlman has been operating a scheme resembling to a Ponzi, using falsified FDIC documents to lure investors. PDF
IN THE CIRCUIT COURT OF THE NINTH JUDICIAL CIRCUIT
IN AND FOR ORANGE COUNTY, FLORIDA
CIVIL DIVISION
CASE NO.: 48-2006-CA-011136-O
STATE OF FLORIDA, )
OFFICE OF FINANCIAL REGULATION, ) Plaintiff,
vs.
TRANS CONTINENTAL AIRLINES, INC., )
TRANS CONTINENTAL AIRLINES TRAVEL SERVICE, INC., )
TRANS CONTINENTAL ENTERPRISES, LLC )
a/k/a TRANS CONTINENTAL ENTERPRISES LLC, )
LOUIS J. PEARLMAN, )
ROBERT FISCHETTI, )
and )
MICHAEL CRUDELE, ) Defendants,
and,
LOUIS J. PEARLMAN ENTERPRISES, INC., )
TRANS CONTINENTAL RECORDS, INC., )
TC LEASING, LLC, )
TRANS CONTINENTAL TALENT, INC., )
FASHION ROCK, LLC, )
TRANS CONTINENTAL TRAVEL SERVICE, INC., )
F.F. STATION, LLC, )
TRANS COUNTRY MUSIC GROUP, INC., )
TRANS CONTINENTAL STUDIOS, INC., )
TRANS CONTINENTAL AVIATION, INC., )
AEGIS CONSULTING, INC., )
and )
KRISTIN FINGER, ) Relief Defendants
Consequently several banks and (groups of) private investors filed suits against Lou Pearlman for failing payments on loans and investments.[34][35][36][37][38][39]
In their suit (filed 12/28/2006) Integra bank also calls Pearlman a deadbeat Ponzi operator.
''"While Pearlman's public persona is that of a man whose life seems lifted from a Horatio Alger story - a life filled with glamour, glitz and financial success beyond most peoples' dreams - Integra's recent dealings with Pearlman and his first company, TCA, would indicate that this outward mask conceals the fundamental economic instability more common to a Ponzi scheme."''
January 22. The Orange County Sheriff's Office seized Pearlman's 1968 Gulfstream jet and turned it over to the First International Bank & Trust.[40]
''"Two additional loans -- each for $10 million -- were to be used to build an entertainment complex and develop three television shows with MTV, among other endeavors."''
January 27. Some people who worked for Pearlman have been laid off. Office equipment has been removed from Trans Continental headquarters in downtown Orlando.[41]
January 28, 2007 "Pearlman's money woes follow him downtown"[42]
February 1, 2007. Filed in the Circuit Court Orange County Florida: Case 48-2007-CA-001180-O BANK OF AMERICA NA, .vs. FASHION ROCK LLC, ET AL[43]
February 2, 2007: Florida regulators said Pearlman's Trans Continental Savings Program is a massive fraud and the state takes over the company. Most of the at least $95-million which was collected from investors, is gone. Orange County Circuit Judge Renee Roche ordered Pearlman and two of his associates, Robert Fischetti and Michael Crudelle, to bring back to the United States "any assets taken abroad which were derived from illegal transactions". ''"The court ordered receivership froze company assets as the state investigation continues."''[44][45][46]
February 2. Claims have grown to more than $130 million, not including $33 million judges have recently ordered him to pay on previous lawsuits. But according to Pearlman's brilliant theory the claims of Florida state, the banks and the investors are nothing but lies.[47]
''In a November interview with The Associated Press, Pearlman blamed the lawsuits on people trying to cash in on his success. "I know a lot of people come at me, as a deep-pockets theory," he said then. "The more successful you get the more lawsuits you get, unfortunately."''
February 5. Text version of the 'Complaint' by the Florida Office of Financial Regulation (filed 27 December 2006) is published.[48]
February 6. More than $317 million in claims now.
''Receiver Jerry McHale said that just on "my first pass-through" dealing with investors' communications and corporate records of Trans Continental Airlines, he identified $204.5 million in claims from investors who put money into the company's "Employee Investment Savings Accounts" and another $113 million into corporate stock.''[49]
''"Bank records indicate the investors' deposits of approximately $118 million have been utilized to pay earlier investors both dividends and cash withdrawals, as is the case in Ponzi schemes," A. Gregory Melchior, the agency's assistant general counsel in Tampa, wrote in the complaint filed Friday in state Circuit Court in Orlando.''[50]
February 7. The investigators have taken over Pearlman's Trans Continental company website and are now using it to convey information to investors and media. Currently (2/7/07), a full copy of the court order is posted, as is contact information for the investigators. More information is to be posted over the coming weeks.
Press: $317M in investor claims could rival state record for Florida.[51]
February 9. State shuts down Fashion Rock (also known as Talent Rock).[52]
February 10. According to records filed by the Office of Financial Regulation, many of Pearlman's misrepresentations were first brought to the attention of authorities years ago.[53][54]
''A federal investigator suspected as early as 1995 that Lou Pearlman's investor program might not be as secure as the mogul claimed -- and asked Florida officials to investigate. But despite that and other red flags raised in 1999, 2001 and 2004, government authorities did not seek to shut down the Orlando-based investment program until late last year.''
February 11. Investors are left holding the bag for $317-million.[55][56]
February 12. A lot of the missing millions is New York money.[57]
February 15. The Federal authorities served warrant on Pearlman's companies, conducted by various agencies, the state of Florida, FBI, the IRS and the FDIC. Some of Pearlman's attorneys filed a court motion to withdraw from representing him.[58][59][60][61]
''Pearlman's property manager has stayed on to continue paying utility bills and such, but told Eyewitness News he has not been paid for three months. He also said that Pearlman's company intercepted the most recent rent payments from the tenants there and disappeared with that money.''
February 15. Bob Whitby told you so.[62]
''Old news, amigos. We told you three years ago that Pearlman was a corpulent pusbag who would rip off anybody and anything within reach of his scaly appendages. But did you listen? No, you did not.''
February 16. Boy-band guru hasn't been seen, his home is for sale and now he faces a criminal probe.[63]
Due to AP and Reuters catching up, the story is now in print worldwide.[64]
Action site. A victimized couple recently erected website scammedbypearlman.com.[65] The site offers sample letters to mail to elected officials in hopes of raising awareness and obtaining help. It also feature a forum, links, and updated news.
February 21. But When Will They Do Something About That Music?[66]
February 21. Lou Pearlman resigns from Trans Continental Airlines. [67]
''Troubled Orlando entrepreneur Lou Pearlman has resigned from his equally-troubled company Trans Continental Airlines, according to a document filed in U.S. District Court in Orlando. In the court record, which appeared this week in a suit filed by Integra Bank of Indiana, one of Pearlman's attorneys declared that he "is not an officer or director any longer, of Trans Continental Airlines and could not answer on behalf of Trans Continental Airlines."''
February 21. FF Station LLC, Lou Pearlman's company that owns the Church Street Station, filed for Chapter 11 bankruptcy protection.[68]
''Green said the intention of the bankruptcy action is to get FF Station sold off to a new developer as quickly as possible so that the complex and its tenants may get back to normal business as soon as possible.''
February 22. Pearlman and his executives have left, and numerous businesses that were headquartered at his Trans Continental Enterprises downtown have largely been turned over to court-appointed authorities.[69]
''Also Tuesday, Pearlman lost some of his stake in his two big boy bands, 'N Sync and Backstreet Boys. Washington Mutual Bank was awarded a $9.8 million interest in Pearlman's ownership of 'N Sync Productions Inc. and Backstreet Productions Inc. in a judgment entered in Seminole County.''
February 22. Reportedly Pearlman had associations with penny-stock swindlers and earned his first big bucks as a beneficiary of one of the longest-running pump-and-dump schemes of the 1990s.
After he took his air charter company, Airship International, public in 1985, Pearlman became personally and professionally close to Jerome Rosen, a partner at small-cap trading outfit Norbay Securities. Based in Bayside, Queens, and frequently in trouble with regulators, Norbay actively traded Airship stock. This sent Airship's stock price consistently higher, enabling Pearlman to sell hundreds of thousands of shares and warrants at ever-higher prices. However, Airship was reporting little revenue, cash flow or net income. In return for keeping his penny stock liquid, Pearlman allegedly paid Rosen handsome commissions, according to a mutual friend, that reached into "the tens of thousands of dollars" per trade.[70]
February 28. 10 more of Lou Pearlman's companies were put under the control of a court-appointed administrator to protect any remaining assets. The receivership now includes Trans Continental Airlines, Trans Continental Airlines Travel Service and Trans Continental Enterprises, Louis J. Pearlman Enterprises, Trans Continental Records, Trans Continental Talent, Fashion Rock, Trans Continental Travel Service, Trans Country music Group, Trans Continental Studios, Trans Continental Aviation and Aegis Consulting.[71]
March 1, 2007: Four major creditors seek the appointment of a Chapter 11 Trustee for Louis J. Pearlman and Trans Continental Airlines, Inc. by filing involuntary bankruptcies.
March 1. German youth-magazine BRAVO covers Louis Pearlman. See for a translation[72]
March 6. Businessweek compilation. ''Louis Pearlman seemed to have it all...''[73]
March 6. A lawsuit faults Florida governor Charlie Crist. He delayed or interfered with investigations as attorney general, the suit says.[74]
March 9. The lawsuit naming Crist triggered the attention of German national news outlets, a.o. Bild and Der Spiegel.[75][76]
March 11. An "insider" said in German paper EXPRESS, Pearlman is working with the investigators to recoup the money. Allegedly a large part of the disappeared money was found. Pearlman claims his ex-businesspartner, who took care of the investment trusts, has disappeared, so the source said.[77]
March 12. Another major press agency, UPI, spreading the news.[78]
March 13. Associated Press story: More than a dozen North Dakota banks may lose more than $20 million in soured loans. At least two banks already have filed lawsuits.[79]
March 27, 2007: Soneet R. Kapila is appointed Chapter 11 Trustee of the bankruptcy estates of Louis J. Pearlman and Trans Continental Airlines, Inc. in the United States Bankruptcy Court, Middle District of Florida, Orlando Division by Felicia S. Turner, United States Trustee, Region 21. The Bankruptcy Court signed the order on March 30, 2007. [80]
ABC News 16 April 2007[81]
Fox News 17 April 2007[82]
They are auctioning off some of the assets of Pearlmans. You can view the auction here: http://bidspotter.com/forms/event.php?event=4392
Pearlman was arrested in Indonesia June 14, 2007.[83]
Pearlman was indicted by a federal grand jury June 27,
2007.[84] Specifically Pearlamn is charged with three counts of bank fraud, one count of mail fraud and one count of wire fraud. To read the full indictment, click here:[5]
On July 11, 2007 at a bond hearing, the Judge set a September 4, 2007 trial date in Federal Court for Pearlman on bank fraud charges.[85]
Pearlman requested, and was granted, a delay in the start of his trial. Pearlman's trial is now scheduled to begin on March 3, 2008.[86]
References
1. St. Petersburg Times editor Helen Huntley's Money Talk Trans Continental news
2. AP June 14, 2007 "Lou Pearlman Arrested in Indonesia"
3. loupearlman.com biography
4. Chippendales
5. St. Petersburg Times June 25, 2002. ''Lawsuit: Pop star's manager a racketeer''
6. The Sunday Herald Interview Justin Timberlake 24 September 2006 ((c) 2006 Rolling Stone)
7. CNN.com July 24, 2001 ''Boy bands: Is the prom over?''
8. www.newmodels.com Modeling Searches and Conventions, What Are They Good For.
9. "Big in America"
10. Copy of article by Tim Barker, "Scouting network's history troubles Pearlman," Orlando Sentinel, Oct. 5, 2003
11. WAGA TV Atlanta/May 14 2002 Trans Continental Talent: An I-Team Investigation
12. Model Agency Labeled a Scam
13. local10.com: State Ends Probe Into Pearlman's Former Model-Scouting Company
14. tolner.com, PDF document: John MacGregor providing status of the Options Talent investigation
15. Options Talent, Inc. Bankruptcy: John Macgregor's Motion for Change of Venue
16. AMN vs. Fashion Rock, Civil case in which Lou Pearlman was accused of conspiracy and bankruptcy fraud. ''"Plaintiff is informed and believes that defendant Fashion Rock was created . . . for the avoidance of certain liabilities, including liability to plaintiff."''
17. ''Orlando Weekly'': The name game
18. BBB about Web Style Network (including Options Talent Group, Trans Continental Talent, Wilhelmina Scouting Network, Edge Talent. Referring to Fashion Rock)
19. BBB about Fashion Rock LLC
20. ★ class=wikiexternal target=_blank>/http://www.internethatesites.com/ web.archive.org internethatesites.com
21. ★ class=wikiexternal target=_blank>/http://www.beiconline.com web.archive.org beiconline.com
22. ''Orlando Weekly'': Pearlman's jihad
23. Clerk Circuit Court Orange County Florida Search Fashion Rock, Case number 48-2004-CA-004844-O
24.
FR2ndAmmended.pdf
25. Ontario Superior Court of Justice Court File No. C-8937-05 - Henderson vs Pearlman, Tolner, El-Difrawi a.o.
26. "Under Investigation: The Inside Story of the Florida Attorney General's Investigation of Wilhelmina Scouting Network, the Largest Model and Talent Scam in America", 2006, ISBN 0968713335 (paperback)
27. New York Post September 24, 2006 LOUIE WASN'T 'N SYNC / LAWSUIT BACKFIRES "LOU Pearlman picked the wrong guy to sue"
28. The Gainsville Sun (October 3, 2006) Book: Crist tried to "whitewash" probe"
29. wftv.com November 14, 2006 - ''Orlando Businessman, Partner With Lou Pearlman Commits Suicide''
30. St. Petersburg Times
December 17, 2006 - ''High pitches to high yields''
31. St. Petersburg Times
December 21, 2006 - ''Investors' cash gets stuck in plan''
32. Orlando Sentinel
December 22, 2006 - ''Savings plan is under inquiry''
33. St. Petersburg Times
December 28, 2006 - ''Airline to halt savings program''
34. Orlando SentinelThomas Lee, Minneapolis Star-Tribune. Posted January 12, 2007 ''Lou Pearlman faces lawsuit over bank loan''
35.
Integra v Pearlman.pdf
36.
American Bank of St Paul v Lou Pearlman.pdf
37. St. Petersburg Times January 9, 2007 ''Bank sues dealmaker over debt''
38. Orlando Sentinel January 20, 2007 ''Pearlman fights latest loan-default allegations''
39. St. Petersburg Times January 23, 2007 ''Investor sues over savings''
40. Orlando Sentinel January 25, 2007 ''Pearlman's Gulfstream jet is seized by deputies''
41. MSNBC / WESH.COM January 27, 2007 ''Pearlman In Trouble Again?''
42. Orlando Sentinel January 28, 2007 ''Pearlman's money woes follow him downtown''
43. Orlando Sentinel February 2, 2007 ''Pearlman hit with another huge suit''
44. www.wftv.com Februari 2, 2007 ''State Takes Over Lou Pearlman's Embattled Orlando Company''
45. St. Petersburg Times Blog: Money Talk February 2, 2007 ''State: Trans Continental Savings Program a Fraud''
46. Orlando Sentinel February 3, 2007 ''Pearlman to lose control of 3 entities''
47. FOXNews.com February 02, 2007 By Associated Press ''Lawsuits Against Backstreet Boys Impresario Lou Pearlman Reaches 0 Million''
48. Orlando Sentinel February 5, 2007 ''See the 'Complaint' by the Florida Office of Financial Regulation''
49. Orlando Sentinel February 6, 2007 ''Pearlman, companies face 7 million in claims''
50. Orlando Sentinel February 6, 2007 ''Pearlman securities case widens'' (with documents)
51. Orlando Sentinel February 7, 2007 ''Pearlman empire's legal woes add up''
52. St. Petersburg Times Blog: Money Talk February 9, 2007 ''State shuts down Fashion Rock''
53. Orlando Sentinel February 10, 2007 ''Red flags spanned more than a decade''
54. Orlando Sentinel February 10, 2007 ''Timeline of an entertainment mogul''
55. Orlando Sentinel February 11, 2007 ''Will investors need to sell homes to survive?''
56. St. Petersburg Times February 11, 2007 ''Schemers' lies devised to fly under official radar''
57. New York Magazine February 12, 2007 ''Boy-Band Bust, ’N Sync boss makes 7 million go bye bye bye.''
58. Reuters February 15, 2007 ''U.S. agents raid Florida offices of boy band creator''
59. Orlando Sentinel February 15, 2007 ''Authorities serve warrant on Pearlman companies''
60. Gainsville.com February 15, 2007 Associated Press: ''Boy band architect's Orlando offices searched by FBI''
61. wftv.com February 15, 2007 ''Lou Pearlman's Orlando Business Raided By FBI Agents''
62. Orlando Weekly February 15, 2007 ''TOLD YOU SO, PART 2''
63. Orlando Sentinel February 16, 2007 ''Feds raid Pearlman offices, mansion''
64. Google News
65. www.scammedbypearlman.com Action site by Pearlman victims.
66. CBS News February 21, 2007 ''But When Will They Do Something About That Music?''
67. Orlando Sentinel February 21, 2007 ''Lou Pearlman resigns from Trans Continental Airlines''
68. Orlando Sentinel February 21, 2007 ''Pearlman company files for bankruptcy protection''
69. Orlando Sentinel February 22, 2007 ''Pearlman bails out as empire crumbles''
70. New York Post February 22, 2007 ''BOY BAND KINGPIN'S PENNY ROOTS SHOWING''
71. Orlando Sentinel February 28, 2007 ''Pearlman loses control of 10 more businesses''
72. St. Petersburg Times Blog: Money Talk March 7, 2007 ''German magazine and Business Week cover Lou Pearlman''
73. Businessweek.com March 6, 2007 ''The Final Act for a Boy-Band Svengali?''
74. St. Petersburg Times March 6, 2007 ''Lawsuit faults Crist in giant Ponzi scheme''
75. Spiegel Online March 9, 2007 ''KLAGE WEGEN MILLIONENBETRUGS Backstreet-Boy-Entdecker spurlos verschwunden''
76. Bild T-Online March 9, 2007 ''Es geht um 300 Mio. Dollar / US5-Manager Lou Pearlman ein Betrüger?''
77. EXPRESS.de March 11, ''2007 MILLIONEN-BETRUG? Boygroup-Boss Pearlman verschwunden.''
78. United Press International UPI March 12, 2007 ''Ex-boy band manager accused of Ponzi fraud''
79. Encore Digital Weekly Magazine March 13, 2007 Associated Press ''North Dakota Banks Caught Up In Music Promoter Scam''
80. www.pearlmantranscon.com Website of Soneet R. Kapila, Chapter 11 Trustee of the bankruptcy estates of Louis J. Pearlman and Trans Continental Airlines, Inc.
81. ABC News 16 April 2007 Pop Music Manager Goes From Living Large to Living at Large. ''Brains Behind Boy Bands Steals Millions From Seniors in Pyramid Scheme, Now on the Lam''
82. Fox News 17 April 2007 Britney, Justin's Mentor On the Lam
83. Lou Pearlman Taken Into Custody In Indonesia
84. Tampa Bay's WTSP 10 News '' Pearlman indicted on fraud charges''
85. Central Florida 13 News ''Pearlman Trial Date Set for September 4''
86.
WFTV.com News ''Pearlman Trial Scheduled To Start In March Of 2008''
External links
★ Lou Pearlman's website ''(defunct)''
★ Trans Continental Companies. Former Lou Pearlman company website, now the State investigation website.
★ Talent Rock. Former Lou Pearlman company, previously known as Fashion Rock. Assets of Fashion Rock LLC sold by court appointed receceiver, now owned by Camino Ventures.
★ Florida Department of State - Division of Corporations, Search Florida companies (co-)owned by Louis J. Pearlman
★ CBSNews.com: The Idol Maker ORLANDO, Fla., Sept. 6, 2002
★ CBS4 Talent Scouting Agency Investigation
★ www.crimes-of-persuasion.com Trans Continental
★ www.easybackgroundcheck.com Lou Pearlman aka Louis J. Pearlman aka Svengali
★ www.ripoffreport.com Lou Pearlman, Charlie Crist, Alec Defrawy, Mark Tolner, Ed Bell, Jason Hoffman, Cortes Randell
★ MoneyTalk Blog The latest Lou Pearlman news on Helen Huntley's MoneyTalk blog
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