How Much Did Lou Pearlman Steal From Backstreet Boys? The Shocking Truth

The Backstreet Boys and ‘N Sync sued Lou Pearlman for misrepresenting their contracts and defrauding them. The Backstreet Boys claimed that Pearlman only paid them $300,000 for their work, while he made $10 million.

Pearlman’s business practices were incredibly complex. He set up a system of shell corporations and intricate accounting practices to conceal his financial dealings. This made it difficult to track where the money actually went. The Backstreet Boys argued that Pearlman created a fake “business expense” to inflate his profits, and then he pocketed the money. This complex scheme made it difficult for the band to prove how much they were owed. Pearlman’s actions led to a massive lawsuit that cost the Backstreet Boys a lot of time and money. Ultimately, they managed to extricate themselves from the contract and receive a significant sum of money. The Backstreet Boys, despite the ordeal, continued their successful musical career.