Lou Pearlman, the brains behind NSync and the Backstreet Boys, has lost two homes, as bankruptcy and charges on a $20million fraud catch up with him.
According to the Associated Press:
Florida investigators separately allege that he defrauded more than 1,000 individual investors out of more than $315 million. Several banks say he collectively owes them more than $120 million, according to bankruptcy court documents.
Mind you, all of this is small beer compared with the fraud of inflicting Backstreet Boys upon a world who thought they were getting a pop group.