Explore Lou Pearlman net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Lou Pearlman? Who is Lou Pearlman dating now & how much money does Lou Pearlman have?
Lou Pearlman Biography
Lou Pearlman is one of the most popular and richest Music Producer who was born on June 19, 1954 in Flushing, New York, United States. American music mogul, who was the one behind N’Sync and The Backstreet Boys. He also ran one the most dangerous Ponzi Schemes in America, defrauding people of more than $300,000,000.
He was the first cousin to singer He was the first cousin of singer Art Garfunkel..
Garfunkel’s fame and wealth helped inspire Pearlman’s own interest in the music business. As a teenager he managed a band, but when success in music proved elusive, he turned his attention to aviation. During his first year as a student at Queens College, Pearlman wrote a business plan for a class project based on the idea of a helicopter taxi service in New York City. By the late 1970s, he had launched the business based on his business plan, starting with one helicopter. He persuaded German businessman Theodor Wüllenkemper to train him on blimps and subsequently spent some time at Wüllenkemper’s facilities in West Germany learning about the airships.
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.
He was the sole child of Hy and Reenie Pearlman, Flushing, Queens.
| Name | Lou Pearlman |
| First Name | Lou |
| Last Name | Pearlman |
| Occupation | Music Producer |
| Birthday | June 19 |
| Birth Year | 1954 |
| Place of Birth | Flushing |
| Home Town | New York |
| Birth Country | United States |
| Birth Sign | Gemini |
| Full/Birth Name | |
| Parents | Reenie Pearlman, Hy Pearlman |
| Siblings | Not Available |
| Spouse | Not Known |
| Children(s) | Not Available |
Ethnicity, religion & political views
Many peoples want to know what is Lou Pearlman ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Lou Pearlman's ethnicity is Not Known. We will update Lou Pearlman's religion & political views in this article. Please check the article again after few days.
In September 2002, Pearlman purchased Mark Tolner’s internet-based talent company, Options Talent Group – formerly Emodel and Studio 58, – which would subsequently go through several names including Trans Continental Talent (TCT), Wilhelmina Talent Scouting (WSN), Web Style Network, Fashion Rock, and Talent Rock. Regardless of the name, all incarnations were based on the business model used by Emodel founder Ayman “Alec” Difrawi, himself a convicted con artist, who played a principal role in running Options/TCT/WSN and setting up Fashion Rock. The companies received unfavorable press attention, ranging from questions about their business practices to outright declarations that they were scams. After Hotjobs and Monster.com pulled over a thousand of the company’s job ads from their boards, they were further advertised on the Difrawi-founded “Industry Magazine” website.
Lou Pearlman Net Worth
Lou Pearlman is one of the richest Music Producer from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Lou Pearlman's net worth $300 Million. (Last Update: December 11, 2023)
As a teenager, he managed a band and then became interested in aviation when he started a New York City helicopter taxi company.
He also gave O-Town, LFO and LFO their start.
Louis Jay Pearlman (June 19, 1954 – August 19, 2016) was an American record producer. He was the creator of successful 1990s boy bands such as Backstreet Boys and NSYNC. In 2006, he was accused of running one of the largest and longest-running Ponzi schemes in history, leaving more than $300 million in debts. After being apprehended, he pleaded guilty to conspiracy, money laundering, and making false statements during a bankruptcy proceeding. In 2008, Pearlman was convicted and sentenced to up to 25 years in prison. He died in federal custody in 2016.
| Net Worth | $300 Million |
| Salary | Under Review |
| Source of Income | Music Producer |
| Cars | Not Available |
| House | Living in own house. |
At the age of 14, Aaron Carter filed a lawsuit in 2002 that accused Pearlman and Trans Continental of cheating him out of hundreds of thousands of dollars and of racketeering in a deliberate pattern of criminal activity. This suit was later settled out of court.
By June 2004, Fashion Rock, LLC had filed a civil suit for defamation against some who had criticized Pearlman’s talent businesses. The case was dismissed and closed in 2006. One of the accused, a Canadian consumer-fraud expert Les Henderson, successfully pursued a libel lawsuit against Pearlman, Tolner, El-Difrawi and several others.
Height, Weight & Body Measurements
Lou Pearlman height Not available right now. Lou weight Not Known & body measurements will update soon.
| Height | Unknown |
| Weight | Not Known |
| Body Measurements | Under Review |
| Eye Color | Not Available |
| Hair Color | Not Available |
| Feet/Shoe Size | Not Available |
Pearlman then relocated Airship International to Orlando, Florida in July 1991, where he signed MetLife and SeaWorld as clients for his blimps. Airship International suffered when one of its clients left and three of the aircraft crashed. The company’s stock, which had once been pumped up to $6 a share, dropped to a price of three cents a share, and the company was shut down.
Pearlman and his companies were forced into involuntary bankruptcy in March 2007. Trustees and lenders auctioned off Pearlman’s assets and personal belongings through eBay and a traditional bankruptcy auction. Church Street Station, a historic train station in downtown Orlando which Pearlman had purchased in 2002, was sold at a bankruptcy auction in April 2007 for $34 million. Several of Pearlman’s belongings, including his college degrees, were purchased by The A.V. Club journalist and film critic Nathan Rabin during the eBay auction.
Who is Lou Pearlman Dating?
According to our records, Lou Pearlman is possibily single & has not been previously engaged. As of December 1, 2023, Lou Pearlman’s is not dating anyone.
Relationships Record: We have no records of past relationships for Lou Pearlman. You may help us to build the dating records for Lou Pearlman!In 2006, investigators discovered Pearlman had perpetrated a long-running Ponzi scheme that defrauded investors out of more than $300 million. For more than 20 years, Pearlman had enticed individuals and banks to invest in Trans Continental Airlines Travel Services Inc. and Trans Continental Airlines Inc., both of which existed only on paper. Pearlman used falsified Federal Deposit Insurance Corporation, AIG and Lloyd’s of London documents to win investors’ confidence in his program titled Employee Investment Savings Account, and he used fake financial statements created by the fictitious accounting firm Cohen and Siegel to secure bank loans.
Facts & Trivia
Lou Ranked on the list of most popular Music Producer. Also ranked in the elit list of famous people born in United States. Lou Pearlman celebrates birthday on June 19 of every year.
Following a flight from officials, over the course of which he reportedly had been seen in Israel and Germany, Pearlman was arrested in Indonesia on June 14, 2007 after being spotted by a tourist couple from Germany. He was living in a tourist hotel in Nusa Dua in Bali. Pearlman had been seen in Orlando in late January 2007, in early February in Germany, including an appearance on German television on February 1. Reportedly he was seen in Russia, Belarus, Israel, Spain, Panama, and Brazil. In early February, an attorney in Florida received a letter from Pearlman sent from Bali. Pearlman was then indicted by a federal grand jury on June 27, 2007. Specifically, Pearlman was charged with three counts of bank fraud, one count of mail fraud and one count of wire fraud.
How much did Lou Pearlman steal from NSYNC?
He was ultimately sentenced to 25 years in prison on charges of conspiracy and money laundering, having stolen over $300 million from investors through fictitious businesses with faked financial statements.
What was Lou Pearlman imprisoned for?
Lou Pearlman was convicted of conspiracy, money laundering, and more in 2007. A former businessman in the blimp business, Pearlman began cultivating boy bands in the early ’90s, starting with the Backstreet Boys.
What happened to Lou Pearlman money?
Pearlman used the high profile success of his boy bands to lure investors, many of them retirees, to put their hard earned money into his other businesses, which he said were all housed within his corporation named TransContinental.
When did NSYNC Sue Lou Pearlman?
NSYNC sued Pearlman in 1999 over illicit business practices, suing him and his record company Trans Continental for defrauding the group out of more than 50% of their earnings.
Did the Backstreet Boys Sue Lou Pearlman?
In 1998, Backstreet Boys filed a lawsuit, claiming that they had only received $300,000 since 1993 while Pearlman had made $10 million. Pearlman defended his business practices, saying that he had spent $3 million on Backstreet Boys to launch their careers before the band had been profitable.
You may read full biography about Lou Pearlman from Wikipedia.ncG1vNJzZmiZnKGzornOrqqboaKptaWt2GeaqKVfoby2ec%2BemKuknZa7cA%3D%3D