the father of boy bands on the run (er, maybe walk)

Lou Pearlman, the sleezy, overweight creepy looking father of boy bands (N'Sync and Backstreet Boys) is on the run (probably more of a fast walk) from the Feds.

Have you seen the hilarious skit of him on SNL, played by John Stewart where he creates a Boy Band out of people who he seemed to be left over like "Lobster Arms boy" and "old man." ? Instead of creating an odd squad of tween-loving crooners, he decided to swindle some old people and run off with it to Germany.

Earlier this week it was reported that Lou had swindled some $350 million from investors (mainly elderly) and $150 million from various banks for some pyramid scheme. After he cashed out, he was no where to be found. Read more...

And now he is said to be traced to Germany after trying to wire himself $250,000 dollars.

From the Orlando Sentinel:
Orlando entrepreneur Lou Pearlman may be trying to tap into $250,000 that authorities think was recently transferred from one of his companies to a German bank, according to court documents.

To keep the money out of Pearlman's hands, an administrator for Louis J. Pearlman Enterprises Inc. is asking a bankruptcy judge to freeze the funds.

A source called Friday with a tip about the wire transfer, said Mike Markham, attorney for administrator Jerry McHale.

"We were told the money was on its way to Germany, and we were fearful Mr. Pearlman was going to be waiting for it on the other end," Markham said. He would not disclose who provided the tip.

Pearlman left the country just as his business empire collapsed under lawsuits and criminal probes. He was reportedly in Germany on Feb. 2, but his location since is unknown.

Court documents say the money may be headed to an account that may be controlled by Pearlman or a company he did business with called German Invest- und Finanzberatung. That German company denied holding any money for Pearlman in interviews with a Sentinel reporter earlier this year.

In a related move Wednesday, McHale filed for bankruptcy on behalf of Louis J. Pearlman Enterprises and Trans Continental Studios Inc.
[source: Orlando Sentinel]

Lou giving tips on how to be successful in the boy band business: