Lou Pearlman, American music producer and fraudster (d. 2016)
Louis Jay Pearlman (June 19, 1954 – August 19, 2016) was an American record producer. He was the person behind many successful 1990s boy bands, having formed and funded the Backstreet Boys. After their massive success, he then developed NSYNC. In 2006, he was accused of running one of the largest and longest-running Ponzi schemes in US history, leaving more than $300 million in debts. After being apprehended, he pled guilty to conspiracy, money laundering, and making false statements during a bankruptcy proceeding. In 2008, Pearlman was convicted and sentenced to 25 years in prison. He died in federal custody in 2016.
1954Jun, 19
Lou Pearlman
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Events on 1954
- 13Feb
NCAA Division I
Frank Selvy becomes the only NCAA Division I basketball player ever to score 100 points in a single game. - 28Feb
NTSC
The first color television sets using the NTSC standard are offered for sale to the general public. - 1Apr
United States Air Force Academy
United States President Dwight D. Eisenhower authorizes the creation of the United States Air Force Academy in Colorado. - 25Apr
Bell Labs
The first practical solar cell is publicly demonstrated by Bell Telephone Laboratories. - 18Jun
1954 Guatemalan coup d'état
Carlos Castillo Armas leads an invasion force across the Guatemalan border, setting in motion the 1954 Guatemalan coup d'état