Lou Pearlman, the man behind boy bands Backstreet Boys and ‘N SYnc, was handed a maximum 25 year sentence in federal prison for cheating investors out of thousands of dollars.

Since the 1980s, Pearlman has scammed $300 million from investors, who were mostly his friends and relatives-SAY WHAT- in their 70s and 80s.

To be fair, U.S. District Judge G. Kendall, who presided over the case, said he would reduce Pearlman’s sentence one month for every $1 million that was paid back to investors.

• Wesley Snipes Sentenced to 3 years in the Pokey
• BREAKING: Cops Aquitted in Bell Shooting//Crowd Reacts
• Britney and K-Fed patch things up, Beyonce’s shot gun wedding
• Al Sharpton Arrested Protesting Sean Bell Shooting
• Dems To Sue McCain Over Public Financing

Filed under: TheMag