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Trustee waiting on Lou Pearlman's help finding assets

Is Lou Pearlman living up to his plea bargain deal? Bankruptcy trustee Soneet Kapila says he's waiting to see if Pearlman will assist in identifying and recovering assets for the benefit of the banks and investors from whom he confessed to stealing more than $300-million. The former music producer behind *NSYNC and the Backstreet Boys faces up to 25 years in prison but could get a lesser sentence based on his cooperation with Kapila and prosecutors. Sentencing is set for May 21.

Trustee waiting on Lou Pearlman's help finding assets 03/21/08 [Last modified: Friday, March 21, 2008 6:22pm]
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