‘N Cognito

Blender magazine adds a very interesting footnote to the Lou Pearlman story. In the 90’s, Pearlman created boy bands like ‘N Sync and the Backstreet Boys. Fast-forward a decade and federal authorities say he was busy defrauding banks, including a couple in North Dakota, out of hundreds (yes, hundreds) of millions of dollars in an elaborate pyramid scheme.

After five months on the lam, he was finally arrested at an Indonesian resort where he was registered under the name "A. Incognito Johnson."

2 Responses

  1. greenglass4

    Great reporting Terry ! But how many millions did Alerus aka 1st National Bank lose in this deal ? $30 or 40 million ? And was there a connection when First National Bank went to being a private bank, instead of a public one. I had 3 business accounts there, now it very hard to get info from them. greenglass4.

  2. the gadfly

    Terry, please start asking (and answering) a few tough questions! Alerus needs to Fess up about this mess. Dig deeper into father’s rights, as well!

Comments are closed.