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June 14, 2007

Lou Pearlman captured in Indonesia

The man behind Backstreet Boys and N'Sync has been caught after running from the law!  Lou Pearlman is accused of stealing tons of money from innocent people, and it looks like the former music mogul fled to Indonesia where he was caught early Thursday morning.

Pearlman is being transported to Guam, the nearest US territory, where he will stand before a judge.

Earlier this week, Pearlman's possessions and those associated with his Trans Continental companies were auctioned off to raise more $200,000.  That's not nearly enough to cover the millions of dollars of debts claimed in bankruptcy by numerous banks and more than 1,000 individual investors.

Can you say "Bye, Bye, Bye?"

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