"Bye-Bye" Lou

Florida- Sentencing was announced today by a Florida Federal Court (Judge G. Kendall Sharp) in the trial of the former manager of Backstreet Boys and *NSYNC- Lou Perlman

The sentencing dealt with four federal charges brought against Mr. Perlman – two counts of conspiracy, money laundering and using false statements.

Perlman was found and arrested by U.S. authorities while on the run in Indonesia. After extradition, Mr. Perlman pleaded guilty in March to defrauding banks out of $120 million (US) and stole a further $305-320 million (US) from over 1,000 investors.

Judge Sharp sentenced Mr. Perlman to 25 years in Prison. Judge Sharp, however, did leave room for some reconciliation: For every $1 million (US) Lou Perlman returns to investors, he receives a 1 month reduction in his sentence.

Let's see here's the math. 25 years x 12 months = 300 months. I'm no mathematician, but that's darn near $300 million to get out. Imagine if he has it. Can one really buy themselves out of prison? Probably, it's the music business.