Lou Pearlman & Richie Stringini
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Originally uploaded by retnablog
Francine Daveta / Retna
According to Eonline.com:
"The boy-band mastermind was sentenced Wednesday in Orlando to 25 years in federal prison for bilking investors and banks out of nearly $300 million by selling worthless stock in a bogus company and falsifying numerous financial statements.
Senior U.S. District Judge G. Kendall Sharp told Pearlman he'll shave a month off his sentence for every $1 million he recovers."
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