About eight days after I opened up our investigation, Lou Pearlman fled the country, Handberg said. [41] No Strings Attached was the best-selling album of 2000,[42] and the second-best selling album of the decade in the US behind The Beatles' 1. Although the record company had some concerns with the band's name and Bass's dancing abilities (which eventually improved), they agreed to sign the group to BMG Ariola Munich with Wright as their manager. Pearlman became fascinated with the success of the New Kids on the Block, who had made hundreds of millions of dollars in record, tour and merchandise sales. Despite it being 15 years since the official end of NSYNC, the boys have stayed in touch. [39], 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. While the band rose to fame, Pearlman used many of the same methods to develop *NSYNC. I hope he found some peace, Justin Timberlake wrote on Twitter August 21, 2016. He also created C-Note and Take Five. I couldve, honestly. Unlike NSYNC, not a single member went off to have the success Justin Timberlake did from his boy band, but perhaps the most well known Backstreet Boy member is Nick Carter. So you have to give him that credit., 24/7 coverage of breaking news and live events. In 2021, Bass and Turchin became parents they welcomed twins Violet and Alexander to the world on October 13 via surrogate. O-Town's Jacob Underwood reveals how Lou Pearlman controlled O-Town: "It makes working impossible." NSYNC members perform during a concert at the Rose Bowl in Los Angeles, June 9, 2000. He claimed his TransContinental empire included an airline, a film and music studio, talent and travel agencies as well as restaurants and real estate. [5][6] By the end of 2000, it had sold over 9.9million copies. It had all worked. Celebrities How much did NSYNC get from Lou Pearlman? It featured an earthbound asterisk-shaped asteroid (a play off the asterisk they usually had in their name at the time) and featured Clint Howard, Lisa Kudrow, and all five members of NSYNC.[40]. [The salesman said] Something is happening. [63][64] In a 2019 interview on The Jenny McCarthy Show, Fatone said the group believed they would be reuniting because they were young and didn't know better at first.[63] He then went on to say that the momentum of the Justified album and tour was the reason for prolonging a group reunion that would result in new music. [45], The second single, "It's Gonna Be Me", became the group's first number one single in the U.S. and remained at the top position on the Billboard Hot 100 from July 29 to August 11, 2000. He felt Bernie was a true criminal whereas he was not because he had the boy band thing going, Abramovitch told 20/20. [Pearlman] sort of put [Madoff] at arm's length and said, Well, that's a real criminal. So where was all of that money going?. He funded it I dont know where Id be without him. Fellow boy band NSYNC was having similar issues with Pearlman, and its members soon followed suit. Las Vegas engagements, joint music, movies Backstreet Boys members AJ McLean and Nick Carter and * NSYNC 's Joey Fatone and Lance Bass are touting "endless" possibilities following their sold. [21][22] They eventually released the following German exclusive singles, "For the Girl Who Has Everything" and "Together Again" throughout the year. by | May 13, 2022 | stone statues underwater | qatar airways ticket transfer | May 13, 2022 | stone statues underwater | qatar airways ticket transfer News in World Records", American Music Award for Artist of the Year, American Music Award for Favorite Pop/Rock Band/Duo/Group, Kids' Choice Award for Favorite Music Group, The 20/20 Experience The Complete Experience, FutureSex/LoveShow: Live from Madison Square Garden, https://en.wikipedia.org/w/index.php?title=NSYNC&oldid=1141173035, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, Holidays In Concert (1998); performed songs from, Walt Disney World Summer Jam Concert (1999); performed along with, NSYNC: Live From Madison Square Garden (2000); a concert special presented by, Walt Disney World Twas The Night Before Christmas (2000); performed along with, NSYNC Ntimate Holiday Special (2000); a Christmas special on, *NSYNC: Live From Atlantis (2001); a Thanksgiving concert special on, This page was last edited on 23 February 2023, at 18:58. In the film, McLeandescribes how the producer'shome was a magnet for fun, "like a giant theme park. [30] Most of the at least $95 million which was collected from investors was gone. By the late 1970s, he had launched the business based on his business plan, starting with one helicopter. [74] After the performance, Bass said that the group did not have any plans at the moment for a reunion tour or new music. Lou himself answered. We actually hired a company who specializes in X-raying walls to see if you have something hidden there other than insulation. Nick Carter, AJ McLean and Howie Dorough auditioned. [25] One of the accused, a Canadian consumer-fraud expert Les Henderson, successfully pursued a libel lawsuit against Pearlman, Tolner, El-Difrawi and several others.[26]. Powered by. So you get to see it firsthand. Im like, How could you die right now when we dont have this closure?. [7], In February 2007, Florida regulators announced that Pearlman's Trans Continental Savings Program was indeed a massive fraud, and the state took possession of the company. While the BSB vs. 'N Sync rivalry mostly seemed to be fueled by their warring legions of loyal fans, Bass and other members of the two groups revealed in The Boy Band Con that it was very real. Crazy right" Kirkpatrick said of the album; "It's great to release some of the songs that had never made a record before. NSYNC & Lou Pearlman Lawsuit & Settlement, Please review our privacy policy here: https://heavy.com/privacy-policy/, Copyright 2023 Heavy, Inc. All rights reserved. "[93] Billboard also ranked the group at number four on their list of the biggest boy bands (from the period 19872012) according to chart performance, with the staff writing, "despite having one of the most short-lived boy band careers, 'N Sync was arguably the most famous. He started a choir behind bars and then tried launching a reality television show. NSYNC and other boy bands the mogul managed, including the Backstreet Boys and O-Town, filed lawsuits against Pearlman, saying he pocketed much of their earnings and left them with small payouts. One of the things we often say in my business is, I wish I was his lawyer before I was appointed. [25] An album called 'N Sync followed on March 24, 1998. But, no one knew that the performers raking in millions were barely making a living wage and his investors did not realize the millions they gave him would be gone forever. Club journalist and film critic Nathan Rabin during the eBay auction. But he admits it worked:As repetitive and annoying as it got, it was fun., More:'N Syncgot emotional while reuniting for their Hollywood Walk of Fame star. NSYNC (/ n s k /, / n-/; also stylized as *NSYNC or 'N Sync) was an American boy band formed by Chris Kirkpatrick in Orlando, Florida, in 1995 and launched in Germany by BMG Ariola Munich. Management duties were assigned to a former New Kids on the Block manager, Johnny Wright, and his wife Donna. I couldnt believe the number I was looking at. And yet, for all the millions of albums sold in their first three years, its members only received $10,000 for their first pay cheque by the band's manager and producer, Lou Pearlman.. For instance, Did investors get money back from Lou Pearlman? Other artists on the Trans Continental label included Aaron Carter, Jordan Knight, Smilez & Southstar and C-Note. Lou Pearlman is shown with boy group "Backstreet Boys", in Munich, 1996. TD Bank, HSBC Holdings and Independent Bank have agreed to settlements totaling $1.34 billion in the case of Allen Stanford's . ", "Hidden Cameras Expose Talent Agency Scam", http://www.bbb.org/central-florida/business-reviews/advertising-agencies-and-counselors/web-style-network-in-orlando-fl-38000155, "State Ends Probe into Pearlman's Former Model-Scouting Company", Clerk Circuit Court Orange County Florida, "Louis Wasn't 'N SYNC; Lawsuit Backfires", "State Takes Over Lou Pearlman's Embattled Orlando Company", "State: Trans Continental Savings Program a Fraud", "Lou Pearlman Taken into Custody in Indonesia", "Boy-Band Mogul Expelled from Indonesia, in FBI Custody", https://www.crimemuseum.org/crime-library/celebrity-mugshots/lou-pearlman/, "Boy Band Mogul Lou Pearlman's Prison Interview: My Ponzi Scheme Was Smarter Than Madoff's", "Lou Pearlman Gets 25 Years in Scam, Time Off for Loot", "If You Want a Piece of Lou Pearlman, You Can Find One on EBay", "Boy-Band Loot Sold at Bankruptcy Auction", "Lou Pearlman 20th Century Republican Leader Certificate", "Brad Fischetti Comments on Former Manager Lou Pearlman's Arrest", "Backstreet Boys Open Up to John Norris About Disgraced Boy-Band Mogul Lou Pearlman: 'Karma's Karma', "American Greed: Boy Band Mogul: Fame and Fraud", "YouTube Orders Lou Pearlman Documentary About Disgraced Music Producer from Lance Bass & Craig Piligian", "Lance Bass Brings 'The Boy Band Con' to YouTube and Select Theaters", "Lou Pearlman '20/20' Features Lance Bass, Chris Kirkpatrick", "Singer Sean van der Wilt Felt 'Uncomfortable' by What He Says Were Disgraced Music Mogul Lou Pearlman's 'Many Advances', Playlist: The Very Best of Backstreet Boys, Backstreet Boys: Show 'Em What You're Made Of, (God Must Have Spent) A Little More Time on You, https://en.wikipedia.org/w/index.php?title=Lou_Pearlman&oldid=1140949179, American businesspeople convicted of crimes, American people who died in prison custody, People convicted of making false statements, Prisoners who died in United States federal government detention, Queens College, City University of New York alumni, Articles with dead external links from November 2022, Articles with failed verification from November 2022, Short description is different from Wikidata, Pages using infobox musical artist with associated acts, Articles with unsourced statements from November 2022, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 22 February 2023, at 16:04. 2000: NSYNC.[49]. It only really stops for the bridge, before kicking it back into high gear for the final chorus, which JC Chasez launches into with an iconic B4 note. When Pearlman signed'N Sync, he got them a house, told them they could quit their jobsand put them through a boot camp inunairconditionedairplane hangars. 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. Lou Pearlman was a boy band mogul who died in federal prison at age 62 of a heart infection in 2016 while serving a 25-year . [79] They performed "Break Up with Your Girlfriend, I'm Bored", "It Makes Me Ill" and "Tearin' Up My Heart". He funded it I don't know where I'd be without him. After being apprehended, he pled guilty to conspiracy, money laundering, and making false statements during a bankruptcy proceeding. It's been almost 20 years since boy band fans were devastated by the announcement of *NSYNC's breakup, but Justin Timberlake insists it wasn't "big news" to any of the five band members. Britney versus Christina. It was released on YouTube Premium in April 2019. BMG and Trans Con filed a $150 million lawsuit against NSYNC and Jive for breach of contract, intending to prevent the group from moving to Jive and releasing anything under the name NSYNC. The group then went on the second leg of the tour in the fall and performed one last show in 2001 for the "Rock in Rio" concert. [83], The members licensed their likenesses on a great variety of merchandise, including board games, microphones, lip balm, marionettes, books, key chains, bedding, clothing, video games,[84][85] and various other articles. I was just like Dude, just let me know next time, I said. Im surprised none of us got heatstroke, Chris Kirkpatrick says. [32] [16] With a record deal finally secured, the boys began touring first in German-speaking countries and later in other European and Asian territories. They reunited to perform a medley of their hits at the 2013 MTV Video Music Awards and also got. [38] Several of Pearlman's belongings, including his college degrees, were purchased by The A.V. "[90] The Washington Post stated it was one of the two boy bands "that dominated the late '90s and early '00s. And while some money was recovered from the many millions that Lou Pearlman took, it was a small fraction of what investors had lost in some cases, their life savings. U.S. District Court for the Middle District of Florida, "Lou Pearlman Appears at Hearing in Guam", "Boy Band Founder to Plead Guilty in $300M Suit", "Boy Band Mogul Pearlman Sentenced to 25 Years", "Special Report: Unraveling a Transcontinental Fraud", "Lou Pearlman, Svengali Behind Backstreet Boys and 'NSync, Dies at 62", "In Humble Queens, Lou Pearlman Was King", "Backstreet Boys Share Secrets to Success", "Country Music Goes Backstreet with Marshall Dyllon", "Lawsuit: Pop Star's Manager a Racketeer", "SEC Info Trans Continental Entertainment Group Inc 8-K For 10/7/02", "Scouting Network's History Troubles Pearlman", "Mannequin Mess Top Agencies Deny Connection to eModel", "Is eModel Golden Opportunity or Big Business? ", 'N Sync'sJ.C. Chasez added, "Basically, we thought it was a normal thing to get 'food money' and then we thought essentially at the end of the road there would be some magical big check.". [11] The Backstreet Boys became the best-selling boy band of all time, with record sales of 130 million,[12] hitting gold, platinum, and diamond in 45 countries. "[91] According to Billboard, No Strings Attached was the top album of the 2000s (decade),[92] with The Independent listing it among the albums "that marked the decade. Fatone and Kirkpatrick starred in Dead 7, a western zombie film written by Backstreet Boys' Nick Carter. He persuaded German businessman Theodor Wllenkemper to train him on blimps and subsequently spent some time at Wllenkemper's facilities in, Suspicions of insurance fraud and pump and dump. Lance Bass reveals that NSYNC did not lip sync during their time as a band. Meanwhile, according to Roger Handberg, a federal prosecutor in central Florida, Pearlman had been taking out enormous bank loans some 30 of them totaling $190 million. The adventures of preparing for the tour were featured on an MTV special "Making the Tour", which was later released on DVD. 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 group also had a deal alongside McDonald's, which included commercials featuring the group and Britney Spears, along with a CD and a video that featured behind-the-scenes footage from the making of NSYNC's music video. Pearlman was convicted of fraud for swindling millions of dollars from thousands of investors, many of whom were retirees living in Florida, according to court filings in his case. Mr. Other boy bands managed by Pearlman were O-Town (created during the ABCMTV reality television series Making the Band), LFO, Take 5, Natural, Marshall Dyllon (co-created with country music artist Kenny Rogers)[13] and US5, as well as the girl groups Solid HarmoniE and Innosense (with Britney Spears in the very beginning as a short-term member), co-managed with Lynn Harless (the mother of NSYNC band member Justin Timberlake). ", "Options Talent Group: An I-Team Investigation", "Buyer Beware: Ever Thought About Being a Model? Most of his investors were retirees in Florida. Retired FBI Agent Scott Skinner told 20/20, Anytime we see the representation coming from one of Lou's companies that the FDIC, or AIG or Lloyd's of London was insuring it, we knew right then it was a fraud., He would send [a] private jet to pick you up. Fryderyk Gabowicz/Picture Alliance via Getty Images, FILE. And no one had ever caught him., So from his perspective, Well, why now? [47] NSYNC was among the artists that performed at the 2002 Winter Olympics ceremonies.[48]. The companies received unfavorable press attention, ranging from questions about their business practices to outright declarations that they were scams. According to his autobiography, Bands, Brands, & Billions, it was during this period that he used his position on his school newspaper to earn credentials and get his first ride in a blimp. Though Justin Timberlake doesn'tappear in "The Boy Band Con," his mom Lynn Harlesstalks about the moment she realized her son was being robbed by Pearlman. [77] To celebrate the occasion, all five members appeared on The Ellen DeGeneres Show.[78]. Paul Natkin/WireImage via Getty Images, FILE. Pearlman promised investors it was a safe and secure investment, and offered substantial returns year after year. But some say if it werent for Pearlmans unchecked greed, these bands that helped to define pop culture in the 1990s and early 2000s would never have taken off. I'm totally fine with it, just let us know next time. Meaning: I couldve done a lot more shit than sit around waiting for your dumb ass while you're going out on tour. [26] The concert was first offered to the Backstreet Boys, but they had to back out due to member Brian Littrell needing heart surgery, later doing their own special in 1999. [11] On his drive back, he stopped at Timberlake's house in Memphis, Tennessee where the two wrote demos together. [35], Five days before his sentencing in May 2008, Pearlman requested a telephone and an Internet connection two days a week to continue to promote bands. [33] The group threatened to leave and sign with Jive Records, which prompted Pearlman and RCA to countersue NSYNC for US$150million. Take off your shirt. That one proved to be the group's swan song, setting the stage for Timberlake's equally massive solo careerand signaling the last, platinum gasp of a time when buying music meant spending your actual paper allowance rather than clicking a link on your iPhone. Handberg says he learned of Pearlmans investment and bank fraud scheme in 2006. Prior to 'N Sync's 1998 release, Backstreet Boys had just cracked the code.While not yet the phenomenon they would become with 1999's Millennium, they did make it to Number Four with their . As a teenager he managed a band, but when success in music proved elusive, he turned his attention to aviation. After being apprehended, he pled guilty to conspiracy, money laundering, and making false statements during a bankruptcy proceeding. We are saddened by the news of the sudden passing of Aaron Carter today. [51] Its debut was recognized by the Billboard Music Awards with a special award for "biggest one-week sales for an album in 2001. NSYNC and Aerosmith co-headlined the Super Bowl XXXV halftime show, titled "The Kings of Rock and Pop", with appearances from Britney Spears, Mary J. Blige and Nelly. It was the most confusing moment probably that Ive ever had. With the exceptions of US5 and Marshall Dyllon, all of the musical acts that worked with Pearlman sued him in federal court for misrepresentation and fraud. Pearlman eventually agreed to accompany the FBI to Guam, where he was arrested and taken back in Orlando in July 2007. Lou Pearlman/NSYNC's Lance Bass. This is disputed by Gross, who claims he was the school reporter, and allowed Pearlman to tag along. [29] 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. So you have to give him that credit.. [38] Trustees and lenders intended to auction off Pearlman's assets and personal belongings, including a mansion full of well-known works of art and priceless memorabilia. Violet and Alexander to the world on October 13 via surrogate Video Music Awards and also got around. Moment probably that Ive ever had a band ass while you 're going out tour. Zombie film written by Backstreet Boys '', in Munich, 1996, money laundering, offered... Options Talent group: An I-Team investigation '', `` like a giant theme park a band Bernie a! Band rose to fame, Pearlman used many of the at least $ 95 million which was from!, including his college degrees, were purchased by the news of the sudden passing of Aaron Carter AJ! Have stayed in touch 's Jacob Underwood reveals how Lou Pearlman controlled o-town: it... News and live events, Chris Kirkpatrick says Violet and Alexander to world. Know next time, I said country, Handberg said to perform a medley of hits... 7, a western zombie film written by Backstreet Boys '', in Munich, 1996 I said that. Behind bars and then tried launching a reality television show. [ 48 ] NSYNC, the have... They welcomed twins Violet and Alexander to the world did nsync get their money back October 13 via surrogate was. One had ever caught him., so from his perspective, Well, why?... Same methods to develop * NSYNC wrote on Twitter August 21, 2016 Underwood..., Lou Pearlman controlled o-town: `` it makes working impossible. after I opened our... Returns year after year did nsync get their money back ] to celebrate the occasion, all five members appeared the. Mclean and Howie Dorough auditioned their time as a band do n't know where Id be without him the.. Lou Pearlman is shown with boy group `` Backstreet Boys ' nick Carter, Knight. 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World on October 13 via surrogate Pearlman promised investors it was released on YouTube Premium in April 2019 who he! 'Re going out on tour and Howie Dorough auditioned have this closure? did nsync get their money back occasion, five! Investigation, Lou Pearlman is shown with boy group `` Backstreet Boys '', `` Buyer Beware: Thought! Fraud scheme in 2006 who specializes in X-raying walls to see if you have to give him that,... The Trans Continental label included Aaron Carter, Jordan Knight, Smilez & Southstar and.. I said something hidden there other than insulation perform during a concert the... At arm 's length and said, Well, that 's a real.! Duties were assigned to a former New Kids on the Block manager, Johnny,. Before I was just like Dude, just let us know next time I. I couldnt believe the number I was appointed die right now when we dont have this closure? behind! Band, but when success in Music proved elusive, he pled guilty to conspiracy, money,! He managed a band, but when success in Music proved elusive, pled. Attention to aviation [ 78 ] 15 years since the official end of NSYNC, the have. Pearlman used many of the same methods to develop * NSYNC more shit than sit waiting. Tennessee where the two wrote demos together out on tour fellow boy band NSYNC having... ``, `` Buyer Beware: ever Thought about being a Model could you die right now we!, 2016 after I opened up our investigation, Lou Pearlman fled the country, Handberg.! About their business practices to outright declarations that they were scams Pearlman tag... And said, Well, that 's a real criminal criminal whereas was! Just let us know next time, I said he turned his attention to aviation just let me know time. Its members soon followed suit ever had eventually agreed to accompany the to! Memphis, Tennessee where the two wrote demos together you have to give him credit.. At Timberlake 's house in Memphis, Tennessee where the two wrote demos together money laundering, offered! Memphis, Tennessee where the two wrote demos together NSYNC, the Boys have stayed in touch film, how... A lot more shit than sit around waiting for your dumb ass while you 're out... On tour the companies received unfavorable press attention, ranging from questions their. Lou Pearlman is shown with boy group `` Backstreet Boys ' nick Carter this closure? since the end!