The 62 year old former manager died while serving his 25 year prison sentence. He was currently at the Federal Correctional Institute in Texarkana, Texas, on Friday.
YAHOO News says "Pearlman was convicted in 2008 for his involvement in a massive Ponzi scheme that swindled 1,700 investors out of a half-billion dollars.
Pearlman was also sued by most of his acts – the Backstreet Boys, NSync, O-Town, LFO, Take 5, Natural and Aaron Carter – for fraud and misrepresentation."
Regardless of their past ill feelings towards eachother, former employees of Pearlman ie: Justin Timberlake,Lance Bass, Howie D. and Chris Kirkpatrick expressed their condolences via Twitter.
I hope he found some peace. God bless and RIP, Lou Pearlman.— Justin Timberlake (@jtimberlake) August 21, 2016
Word is that #LouPearlman has passed away. He might not have been a stand up businessman , but I (cont) https://t.co/nsczUEVOOQ— Lance Bass (@LanceBass) August 20, 2016
Saddens me to hear the news of Lou's death. Condolences go out to his family. Will always be grateful for the opportunity he gave to us.— Howie D (@howied) August 21, 2016
Erik-Michael Estrada from O-Town took to Twitter to express more feelings of Pearlman's passing.Mixed emotions right now, but RIP Lou Pearlman.— Chris Kirkpatrick (@IamCKirkpatrick) August 21, 2016
mixed emotions— ERIK-MICHAEL ESTRADA (@iamerikestrada) August 20, 2016
Many reasons I'm sad about the news. Primarily because we should be celebrating the man for his musical accomplishments. Instead.. we're not— ERIK-MICHAEL ESTRADA (@iamerikestrada) August 21, 2016
That said - I'm sorry for all the families and lives affected by his choices.— ERIK-MICHAEL ESTRADA (@iamerikestrada) August 21, 2016
Even Baby Carter, Aaron Carter, got in the mix.The unlikeliest band of brothers, but they're mine. Love you guys. #forever #my2ktour… https://t.co/4KHBDzG7aR— ERIK-MICHAEL ESTRADA (@iamerikestrada) August 21, 2016
#LouPearlman my old manager died in prison... Rip Lou not the best business guy really at all but he did discover me karma is real— KiD CaRTer (@aaroncarter) August 21, 2016