Dirty Pop: The Boy Band Scam
Summary
unsporting popping : The Boy Band Scamis an vivid three - part documentary film about Lou Pearlman , who created several iconic male child banding , including Backstreet Boys and * NSYNC . The documentary point how the Backstreet Boys and * NSYNC rose to fame . However , Dirty Pop : The Boy Band Scamalso explainswhat come about to Lou Pearlmanandthe accusations that he scammed his bands and innumerable investorswith his ship’s company , Trans Continental Airlines . The malicious gossip , which come to a hilt in 2006 , was so big thatDisney even created a parodyof the scenario in their showGravity Falls .
Despite Lou Pearlman ’s Ponzi schema , he changed the boy banding world forever . However , Lou Pearlman also bruise up with millions of one dollar bill from his investor , let in tight family and Friend . He is a controversial figure , particularly among the members of the boy band he created . Some of them sense they owe Pearlman their success , despite the controversies . cheating Pop : The Boy Band Scamis a documentary with many shameful revealsabout Pearlman and his Ponzi strategy - so much so that the serial belongs amongNetflix ’s proficient documentaries .
10Lou Pearlman Used Backstreet Boys And *NSYNC To Acquire Investors
Lou Pushed His Bands To Sing For Various Corporations
The documentary explain that Lou Pearlman oftenused his bands to entice people and corporations to empower in Trans Continental Airlines . Pearlman struck wad with his investors , compel his lot to perform for all kinds of the great unwashed , including powerful figure such as the CEO of the Bank of America . Lou Pearlman went to uttermost lengths to ensure he would gain from his investor , even to the hurt of his boy bands . Lou Pearlman ’s agreement with various companies also helped him avoid pay for matter ; he often received reduced valuation or free pot by using his bands .
9Lou Pearlman Overworked The Backstreet Boys And *NSYNC
Lou Circumvented Child Labor Laws And Paid His Bands Very Little
Lou Pearlman is said to haveoverworked his boy bands , especially the Backstreet Boys and * NSYNC , his first two melodious undertaking . At the time , the extremity of Backstreet Boys and * NSYNC were underage teenager , so he got away with underpaying and overworking them at the same time . He also parry child Labour Party jurisprudence . When the Backstreet Boys were trying to make it big , they spent two years in Germany , away from home , working long hours to ensure their success . Any money they made went to Pearlman and Trans Continental Airlines . Pearlman pocket 43 % of the lucre they made .
These eventsoccurred prior to Pearlman signing with Bertelsmann Music Group , which for certain changed his fiscal circumstances . However , it did not weigh - the pecuniary resource for both Backstreet Boys and * NSYNC bewilder so risky that both boy bands eventually bribe him out , but not without a hefty Mary Leontyne Price of $ 64 million , partly because he acquired an splendid Department of Defense attorney for this case . Pearlman create these bands and helped put them on the function , but he did not pay them fairly .
8The Blimp Crashes Were Staged To Acquire Insurance Money
Lou Pearlman Initiated Insurance Fraud With The Blimps
Before Trans Continental Airlines , Lou Pearlman had another caller , Airship International Ltd. , which farm several blimps . Pearlman struck business deals with potbelly , allow companies to apply his blimps . One of the way Pearlman kept his Ponzi scheme running for so long was by transitioning from Airship International to Trans Continental . Pearlmanstaged a series of blimp crashes that result in him making a mountain of moneyoff the insurance troupe . He committed insurance imposter when Airship International set out going downhill to make a suitable profit and transition to his next project — Trans Continental Airlines .
7Lou Pearlman Managed To Get The Boy Band Natural On A Plane The Day After 9/11
Lou Pearlman Had Connections All The Way Up To The President Of The United States
When the September 11 , 2001 , attacks occurred , the banding Natural was in New York City for business . Once the Twin Towers crashed , Pearlman immediately squall them back to Orlando , Florida . However , all planes in the United States were grounded for an indefinite period of fourth dimension . There were even air space in other commonwealth that were grounded because of the severity of the site . Lou Pearlman was notorious for his various connection — from Bank of America to casual eating house down the street . The band member of Natural tried severalise him they would not be able-bodied to fly any metre shortly .
However , his connections were so substantial thathe called President George W. Bush to request special permissionto let the members of Natural to fly . Not only did President Bush grant special permission , but he also sent particular carpenter’s plane to pick them up in New York . Lou Pearlman was so hefty that he could go around strict internal jurisprudence for his personal welfare . Pearlman quite literally defy the attacks on September 11 , 2001 — not even something as dangerous as that could fend in his way .
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6Lou Pearlman’s Deal With Bertelsmann Music Group Did Not Pay Well
Lou Made It Appear As If He Was Making Money That He Was Not
Lou Pearlman had a endowment for making it seem like he had a pile more money than he actually did . When he bless with BMG , he got the short remnant of the stick becausemost of the money Backstreet Boys and * NSYNC made go to Bertelsmann Music Group . Pearlman did not have the money he claimed he did , but the deal also involved his comportment as the " 6th band appendage , " allowing him to pull a fast one on investor into believing he was make a monumental profit off music sale .
Many people even believed he was cheating Backstreet Boys and * NSYNC , but once he signed with Bertelsmann Music Group , he was not — he did not make the money his bands make from record gross revenue . Before Pearlman signal with BMG , he used the money he meet from the insurance policy over the sausage balloon gate-crash to fund his bands , and once he signed with BMG , the record company made most of the money , not Pearlman himself . Pearlman ’s Lie were how he steal moneyfrom so many multitude ; it had nothing to do with his actual earnings .
5Lou Pearlman Falsified Documents
Lou Fabricated Bank Statements And Companies While Pretending To Be Someone Else
Another reasonableness why Pearlman got away with scamming his investors for so long was becausehe was an expert at falsifying document . When he was younger , he make imitation gadget driver permits , but his hobby became quite serious as he get old . When he induct his Ponzi scheme , he get down to falsify all sort of document , including bank statements , forge signatures , and companies . However , his promise to investor were not signed by banks — they were signed by Trans Continental Airlines . Pearlman forged account companies to sustain his scheming .
However , the real Harry Milner was numb for quite some time , and even when he was alive , his connection to Lou was abbreviated and undistinguished .
He name his accounting troupe Cohen & Siegel after two notorious mobsters . Pearlman even feign to be Harry Milner , the " president " of Trans Continental Airlines . However , the real Harry Milner was deadened for quite some meter , and even when he was alive , his connection to Pearlman was brief and unimportant . Pearlmansuccessfully wangle documents and forged paper until his arrestin Indonesia . He even fix a $ 1 million loan from the Bank of America while the FBI actively and publicly prosecute him .
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4Frankie Vazquez Committed Suicide Because Of Pearlman’s Fraud
Lou Pearlman’s Long-Time Friend And Employee Could Not Bear His Scheming
In 2004 , Frankie Vazquez Jr. ,Lou Pearlman ’s long - clip penny-pinching acquaintance and employee , confide suicide . In the week lead up to his death , his peer began to detect Frankie ’s strange behavior . He appeared frazzle and confused and was often disheveled in populace . He lose a lot of exercising weight very suddenly , and his behavior seemed craze and delirious . Right before he conk , Frankie and Pearlman had a big engagement , and curtly after , Frankie commit suicide . Frankie learn the truth about the schemes , and he could not handle it .
He tried getting back the money his mother had invested , to no help . Frankie saw a Ponzi schema spiraling out of control , and he was totally helpless to stop it . He could not live with bang that the party he worked for and the booster he supported steal meg of dollars . Furthermore , Pearlman seemed completely unfazed when Frankie died , almost like he did not care . However , when the FBI began closing in on him , he trouble himself with Frankie ’s death , securely believing that someone had mutilate Frankie when that was just but not the casing .
3Only 10 Million Dollars Have Been Recovered Of The 500 Million Stolen
Only 2 Percent Has Been Recovered From The Longest Running Ponzi Scheme In American History
At the end of Netflix ’s documentaryDirty Pop : The Boy Band Scheme , a abbreviated note appears , explaining that once the FBI had seize Lou Pearlman ’s account , they , along with fiscal newsman , key out that he stole $ 500 million . However , FBI agent were only able to recover $ 10 million of it , which is only 2 percent of the money he stole from his investors . Pearlman ’s Ponzi scheme is alsothe longest - run Ponzi schema in American account , hold out well over 20 years .
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2Lou Pearlman’s Travels With Michael Johnson Was A Coverup For Being A Fugitive
The FBI Wanted Lou While Michael Believed They Were Traveling For Business
In 2005 , Michael Johnson , a member of Pearlman ’s former band Natural , went into business with Pearlman , hoping to get into the industry by signing some alternative striation and starting his own television projects . At this point , Lou Pearlman was no longer his boss or manager — they were business partners . However , when FBI agentive role began close in on Lou Pearlman , he escape the United States with Michael and start traveling around the world . However , Michael Johnson had no idea that the FBI was investigating Lou Pearlman . Michael was under the impression that he and Pearlman were traveling for business - related reasons .
Michael was so excited about the next chapter of his life that he did not clear Lou was on the running play as a fugitive .
Johnson was so excited about the next chapter of his lifetime that he did not realize Pearlman was on the run as a fugitive . The two ended up in Bali , Indonesia , and at that point , the FBI had already herald they were looking to contain Pearlman . Pearlman completely relied on Michael Johnson for his exemption — so much so thatanything Pearlman did while they were overseas was in Johnson ’s name , something else that Michael did not eff about . Pearlman had to cover his tracks , considering he was still successfully falsifying papers and encounter money from investors and bank loan .
*Lou Pearlman, the mastermind behind some of the biggest boy bands of the ’90s, rises to fame by creating groups like the Backstreet Boys, NSYNC, and O-Town. The docuseries delves into his exploitation of these bands, revealing the darker side of his legacy, including accusations of fraud and manipulation.
1Trans Continental Airlines Was Not Real
Trans Continental Airlines Was Never A Real Airline And Never Had Any Planes
Lou Pearlman ’s company , Trans Continental Airlines , was altogether falsified . Dirty Pop : The Boy Band Scamexplains how Pearlman acquire investor by encourage Trans Continental Airlines as a companionship with 50 plane that corp and moneyed people always lease . However , none of that in reality happened . He did not use the money he steal from investors for Trans Continental Airlines — he used the money to bring forward his bands and his own career . Lou Pearlman ’s original caller , Airship International Ltd. , create blimps ; otherwise , he never owned any planes or flying vehicles . It was just one big scam .
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Lou Pearlman , the mastermind behind some of the big boy bands of the ' 90s , rises to fame by create mathematical group like the Backstreet Boys , * NSYNC , and O - Town . The docuseries delves into his exploitation of these band , revealing the benighted side of his legacy , including accusations of fraudulence and handling .
