Chapter
The Rise and Fall of the Con-Man Airline CEO
44:33 - 50:00 (05:26)
The story of Lou Pearlman, the man who created boy bands like NSYNC and Backstreet Boys, who was also running a massive Ponzi scheme and using small model planes to convince people of his airline's legitimacy. Eventually, his investors caught on and in 2006, Lou's con-game came crashing down.
Clips
Lou Pearlman created a fake airline company by using small model airplanes and bogus investments to convince people of its legitimacy, while he was borrowing money from banks and stealing money from bands.
44:33 - 50:00 (05:26)
Con Artist
Summary
Lou Pearlman created a fake airline company by using small model airplanes and bogus investments to convince people of its legitimacy, while he was borrowing money from banks and stealing money from bands. FBI agents finally caught Lou Pearlman in Bali, Indonesia, in 2007 after investors realized they were never seeing any money in return.