Saturday, August 20, 2016

Boy band mogul Lou Pearlman dies at 62 while serving time for fraud

LOS ANGELES (Reuters) - Lou Pearlman, a former music mogul who launched the careers of boy bands the Backstreet Boys and NSYNC, died on Friday at age 62 while serving a 25-year prison sentence for swindling investors and banks out of more than $300 million, the Federal Bureau of Prisons said on its web site.

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