.

Lou Pearlman Indicted On Five Counts of Fraud

June 28, 2007 12:26 PM ET

After his much-publicized capture in Bali and detainment in Guam, boy band impresario Lou Pearlman was finally indicted by a federal grand jury in Florida yesterday. Pearlman is accused of using fake accounting documents to secure millions of dollars in bank loans. Additionally, Florida investigators claim that Pearlman defrauded at least 1,000 independent investors out of more than $315 million; a handful of banks say he owes them more than $120 million. We're thinking these developments move Pearlman up the list of baddest Svengalis ever.

To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here

prev
Music Main Next

blog comments powered by Disqus
Daily Newsletter

Get the latest RS news in your inbox.

Sign up to receive the Rolling Stone newsletter and special offers from RS and its
marketing partners.

X

We may use your e-mail address to send you the newsletter and offers that may interest you, on behalf of Rolling Stone and its partners. For more information please read our Privacy Policy.

Song Stories

“Karma Chameleon”

Culture Club | 1983

Boy George has said this song was about standing by what you believe in. However, at the time, he was involved in a secret affair with Culture Club drummer Jon Moss. "Now people can understand the songs better," he said. "They were written about my relationship with Jon, and they were also written about being a gay man in a homophobic world." The lines "If I listen to your lies, would you say/I'm a man without conviction/I'm a man who doesn't know how to sell a contradiction," described his life at the time, he said. "I was selling this big lie."

More Song Stories entries »