Lou Pearlman: The Legal Fallout from One of the Biggest Ponzi Schemes
Lou Pearlman’s Ponzi scheme collapsed in 2006, and he received a 25-year federal prison sentence in 2008. The fallout included SEC enforcement, criminal forfeiture, bankruptcy proceedings, and investor lawsuits seeking recovery. This article covers the major legal actions, liability theories, and restitution and recovery efforts after the fraud. Lou Pearlman was a name once associated […]
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