Lou Pearlman Faces Fraud Charges, Held Without Bond
July 11, 2007 at 5:27 PM (PT)
REUTERS reports that boy-band mogul LOU PEARLMAN, who launched 'N SYNC and BACKSTREET BOYS, refused today (7/11) to enter a plea to charges including bank fraud involving more than $100 million, mail fraud and wire fraud (NET NEWS 6/14).
"In order to not waive any jurisdictional issues that may arise, I will stand mute, Mr. PEARLMAN will stand mute as to the indictment," his lawyer, FLETCHER PEACOCK, told the judge during an arraignment in U.S. District Court in ORLANDO.
The judge entered a not-guilty plea for PEARLMAN and ordered that he continue to be represented at no cost by a public defender. PEARLMAN was ordered held without bond pending a future hearing.
PEARLMAN, who faces 130 years in prison and a $3 million fine if convicted of all charges in the federal indictment, left the U.S. in JANUARY and was caught in INDONESIA using the alias "A. INCOGNITO JOHNSON."