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Lou Pearlman was the successful impresario behind some of the biggest bands in the 1990s. He was responsible for both the Backstreet Boys and 'N Sync. Turns out, he was also the Backstreet Boy. Well, technically at least.
Pearlman was technically the sixth member of the Backstreet Boys so that he could get paid as a member. He was triple dipping in the BSB venture: As a manager, producer and band member. The 5 members filed a suit when they found out that they had only received $300,000 for their work when Pearlman had made millions.
'NSync, Aaron Carter, LFO, Take 5, Aaron Carter, Natural US5, Smilez and Southstar and others were also represented by him. They all sued him. Pearlman was eventually convicted of perpetrating one of the largest and longest-runnning Ponzi schemes. He was convicted in 2008 and sentenced to up to 25 years in prison.
