*NSYNC, Backstreet Boys Creator Lou Pearlman Dies In Prison

Lou Pearlman, credited for starting the boy-band craze and launching the careers of the Backstreet Boys and *NSYNC, has died in prison while serving a 25-year sentence for a massive Ponzi scheme.

The Orlando Sentinel reports that according to a federal inmate database, the 62-year-old Pearlman died Friday. The cause of death was not immediately known.

Pearlman’s $300 million Ponzi scheme through his Trans Continental companies was uncovered in 2006. He was convicted of fraud in 2008.

Lou Pearlman

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Hundreds of lawsuits were filed in the mogul’s case, including one by the Backstreet Boys.

*NSYNC singer Lance Bass tweeted on Saturday “Word is that #LouPearlman has passed away. He might not have been a stand up businessman, but I wouldn’t be doing what I love today wout his influence. RIP Lou”

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