It’s tearing up my heart… that Lou Pearlman, the sexy hunk of man meat who created ‘N Sync, the Backstreet Boys, and the New Kids on the Block has been sentenced to 25 torturous years in prison for stealing more than $300 million from a variety of investors, including his friends, family, business associates, and the elderly. He even bilked Justin Timberlake out of some well-deserved cash. And Chris Kirkpatrick. And we know he needs every dollar he can get.

Legendary music mogul Lou Pearlman, who created the boy bands Backstreet Boys and ‘N Sync, was sentenced Wednesday to 25 years in prison for stealing more than $300 million from investors. But Federal Judge G. Kendall Sharp, in Orlando, Fla., said he would reduce the jail time by one month for every $1 million Pearlman returned to the investors.

Pearlman bilked thousands of people out of millions of dollars in an investment scam that went on for decades, authorities said. His victims included “his family, his close friends and people in their 70s and 80s who have lost their life savings,” according to Sharp.

Pearlman pleaded guilty in March to two counts of conspiracy, money laundering and using false statements in a bankruptcy proceeding. Pearlman, 53, had sought to delay the sentencing so he could launch his latest musical creation, the European pop band US5, in the United States and Asia.

During his music career, he also managed the bands LFO, Take 5 and O-Town. Both Backstreet Boys and ‘N Sync previously filed suits against Pearlman because they believed they were not receiving a fair share of the bands’ profits. Those suits were settled out of court.

[From People]

Because what better reason to postpone sending a criminal to prison than launching a new boy band? Sure, sometimes people get a little grace period for some traumatic surgery or the death of a family member. But what could possibly be more important than launching the next LFO?

Ordinarily I would say that getting to buy yourself a month less of prison isn’t fair. I think a lot of celebrities would have gratefully ponied up $1 million to spend 30 days less in the slammer. That means that if Pearlman somehow returned all the money he stole, he wouldn’t serve a single day. But considering some of his previously reported predilections, something tells me Lou will make his time in prison work for him.

Two creepy child star managers are having their day in court this week. First up, Lou Pearlman, the scumbag Miami businessman who managed both N’Sync and the Backstreet Boys. Pearlman was arrested last year in a federal bank fraud case, and changed his plea on those charges to guilty yesterday.

Lou Pearlman, best known for his work with boy bands like the Backstreet Boys and ‘N Sync, struck a plea deal in his federal bank fraud case and will work with prosecutors to help recover millions of dollars he is accused of stealing.

Pearlman allegedly defrauded banks out of more than $100 million and stole another $300 mil from investors. Psssh — chump change!

He entered a not guilty plea last year, but will change his plea to guilty in a hearing scheduled for Thursday. As for jail time, that’s for a judge to decide.

[From TMZ]

While Pearlman was incarcerated, rumors began circulating that the boy band manager had a nasty habit of putting the moves on his young male singers. Page Six reported last year that Pearlman’s favorite victim was Backstreet Boys’ Nick Carter.

Phoenix Stone, an early member of the Backstreet Boys, tells Vanity Fair Pearlman was “definitely inappropriate” with Nick Carter. Nick’s mom, Jane Carter, wouldn’t get into specifics, but said, “Certain things happened and it almost destroyed our family. I tried to warn everyone. I tried to warn all the mothers . . . I tried to expose him for what he was years ago.”

[From Page Six]

That’s just awful. No word yet on whether any of these rumors will ever translate into criminal charges.

One case that has indeed become a matter of the court is the recent conviction of Josh Werkman, manager of Dylan and Cole Sprouse, stars of the Disney Channel’s hit show, “The Suite Life of Zack and Cody.” Werkman pled guilty to one count of molestation as well as the sale of alcoholic beverages to a minor. While the Sprouse twins were not involved in the case, it should be pointed out that the child who was molested by Werkman was a 16-year-old boy. Shudder.

Child star manager Josh Werkman has pleaded no contest to misdemeanor child molestation and misdemeanor sale of alcoholic beverage to a minor.

Werkman entered his plea in on Friday in Ventura County Superior Court. He will be sentenced on April 2.

Werkman manages Cole and Dylan Sprouse, the twin stars of the Disney Channel’s “The Suite Life of Zack and Cody.” The twins were NOT involved in the case.

Werkman is also CEO of Merimark Entertainment and served as producer on the Sprouse twins’ two most recent movies.

Calls to Merimark for comment were not immediately returned. Reps for the Disney Channel had no comment.

Law enforcement tells us Werkman was initially arrested for felony sexual battery by restraint. Sources tell TMZ the alleged victim is a 16-year-old male.

Werkman’s lawyer, Steve Cron, says “Josh admitted he annoyed an individual who is a minor and provided that person with alcohol on the day in question. He acknowledged that he used bad judgment on that occasion and that is why he pleaded no contest to the two charges.”

UPDATE: TMZ spoke with the prosecutor in the case, Rameen Minoui, who tells us that Werkman must register as a sex offender, and could face up to one year in jail.

[From TMZ]

“Bad judgment”??? That’s the new way to explain molesting a child? You’ve got to be kidding me.

These stories are not only despicable, they should serve as a cautionary tale for parents thinking of getting their kids into show business: there are a lot of sick people in Hollywood and they’ll take advantage of anyone if there’s money to be gained– even a child.

Lou Pearlman has been in a Florida jail since June after he was finally arrested for a ponzi scheme in which he took hundreds of millions of dollars from investors and just moved it around without investing it, taking at least $150 million for himself. He was on the run from the law for eight months on that charge, having been seen in June Indonesia by German tourists, who tipped off authorities.

He’s best known for starting the careers of several successful boy bands, including NSYNC, The Backstreet Boys, Take 5, and LFO. Pearlman screwed all the musical acts he represented out of significant shared of income, using legal tactics and methods to take 75% of revenue off the top, and insure he received an ongoing percentage of merchandise and tour revenue. Every musical act he’s worked with except one has sued him.

Pearlman also started a talent search agency that bilked people out of millions. It was the subject of multiple lawsuits and was eventually closed by the state of Florida.

Not only is Pearlman an accomplished con artist, he’s said to be a pedophile too. There’s an upcoming story in Vanity Fair, covered by Page Six today, that details alleged incidents of molestation of the young boys Pearlman worked with:

“I would absolutely say the guy was a sexual predator. All the talent knew what Lou’s game was,” Steve Mooney, an aspiring singer who was Pearlman’s assistant, told VF’s Bryan Burrough. “Some guys joked about it. I remember [one singer] asking me, ‘Have you let Lou [fellate] you yet?’ ”

Mooney said he once asked Pearlman, who was known as “Big Poppa,” what it would take for him to get into a band. “I’ll never forget this as long as I live. He leaned back in his chair, in his white terry cloth robe and white underwear, and spread his legs,” Mooney told Burrough. “And then he said, and these were his exact words, ‘You’re a smart boy. Figure it out.’ ” Mooney added that a singer groped by Pearlman told him, “Look, if a guy wants to massage me, and I’m getting a million dollars for it, you just go along with it. It’s the price you got to pay.”

Phoenix Stone, an early member of the Backstreet Boys, tells Vanity Fair Pearlman was “definitely inappropriate” with Nick Carter. Nick’s mom, Jane Carter, wouldn’t get into specifics, but said, “Certain things happened and it almost destroyed our family. I tried to warn everyone. I tried to warn all the mothers . . . I tried to expose him for what he was years ago.”

Tim Christofore, a member of Take 5, recalls that during a sleepover at Pearlman’s house, the music czar swan-dived onto his and another boy’s bed and wrestled with them wearing only in a towel, which came off. “We were like, ‘Ooh, Lou, that’s gross.’ What did I know? I was 13,” Christofore told Vanity Fair.

Rich Cronin, lead singer of LFO, recalled Pearlman told him of an “ancient massage technique that if I massage you and we bond in a certain way, it will strengthen your aura.”

[From NYPost.com]

And as I was researching this story, I came across a statement by Justin Timberlake in a 2006 interview with Rolling Stone. Timberlake got his start in the business in the band NSYNC, managed by Pearlman. He said “Looking back at those days… I was being monetarily raped by a Svengali.” [From Wikipedia]

This guy should go away for the rest of his life. It turns my stomach to think of someone taking advantage of young boys like that. The only way he could be a lower form of human is if he was a serial killer, but he’s not too far from that level.