Pearlman handed over to FBI
Indonesian authorities expel boy-band mogul
More Articles:
Most Viewed:
Anderson working on 'Master'(5545 views)Sundance unveils competition lineup(5398 views)Comcast, GE unveil NBC U deal(3325 views)NBR's best: 'Up in the Air'(3253 views)Sundance unveils complete lineup(2946 views)Johnny Depp eyes Pancho Villa role(1900 views) |
Pearlman was arrested on one felony count of bank fraud and appeared before a judge in Guam. He faces several lawsuits and two involuntary bankruptcy proceedings in Florida, where he built an empire by creating the Backstreet Boys and 'N Sync and guiding their careers.
Pearlman is accused of defrauding about 1,000 investors of more than $315 million in a bogus savings-account plan scheme. Banks are asking for more than $120 million from Pearlman, according to bankruptcy court documents. Federal charges were filed in a criminal complaint March 2.
Federal and state authorities raided Pearlman's home and offices in February, and the bulk of his possessions were auctioned off earlier this week. His house is listed for $8.5 million.
Indonesian authorities, working off an FBI tip, deemed him an "undesirable visitor" and tossed him out of the country. Pearlman was apprehended at a hotel on the island of Bali.
(The Associated Press contributed to this report.)
