How Lou Pearlman used Backstreet Boys, *NSYNC to lure people into massive Ponzi scheme The notorious manager scammed investors out of millions.
Before long, he had the makings of Backstreet Boys.
In this Oct. 15, 1998, file photo, Backstreet Boys are shown performing in Chicago.
“It’s all real to some extent because Backstreet Boys and *NSYNC are successful.
“Something that I think gets overlooked [is] that Backstreet Boys probably wouldn’t be the Backstreet Boys if he hadn’t stolen all this money from the Ponzi scheme,” Abramovitch said.
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