More pop litigation, and Lou Pearlman, the creator of Backstreet Boys and *Nsync, who is facing charges of defrauding over a thousand people through an elaborate pyramid scheme, was formally indicted by a federal jury yesterday, this time on charges that he defrauded a bank of $20 million by securing loans using paperwork from a fake accounting firm.
As previously reported, the former boy band mogul and MTV star recently spent some time on the run from the FBI after his latest business venture started to unravel and banks to whom he owed money began to launch bankruptcy proceedings against him.
Pearlman was arrested in Indonesia earlier this month, and was transferred into US custody and flown to the US controlled Pacific island of Guam. He was subsequently flown to LA where he was formally indicted with the federal charges. He is now expected to be taken to Florida where he faces the pyramid scheme charges.
All of which is a brilliant new MTV show in the making, I reckon.