Backstreet Boys, 'N Sync creator jailed for 25 years

ORLANDO, Florida - Boy band mogul Lou Pearlman, who launched Backstreet Boys and 'N Sync, has been sentenced to 25 years in prison for swindling investors and major US banks out of more than $300 million.But US District Judge G. Kendall Sharp gave Pearlman the chance to cut his prison time by offering a one-month reprieve for every $1 million in cash he helps a bankruptcy trustee recover for his victims.Theoretically, Pearlman could cancel his entire 300-month sentence by repaying the $300 million debt.His lawyer, Fletcher Peacock, said in a written plea that 25 years amounted to a "sentence to death in prison" for the 53-year-old impresario who lived a jet-set life of mansions and luxury cars before the fraud scheme collapsed.In an audacious two-decade scam, Pearlman admitted in his plea agreement to enticing individuals and banks to invest millions of dollars in two companies which existed only on paper - Transcontinental Airlines Travel Services Inc and Transcontinental Airlines Inc.




He won investors' confidence with fake financial statements created by a fictitious accounting firm.During sentencing, Sharp held up a book with letters from Pearlman's victims, saying they included "his family, his close friends and people in their 70s and 80s who have lost their life savings.""So the sympathy factor doesn't run high with the court," the judge said.Pearlman pleaded guilty in March to four counts: two of conspiracy involving bank and investor fraud, one of money laundering and one of making false claims in a bankruptcy.Sharp noted Pearlman's cooperation with the trustee to date had resulted only in the seizure of his mansion, cars including a Rolls Royce and other assets. Those recovered assets will not count toward the incentive plan to cut his sentence.'Negligent' banksSharp scheduled a hearing for the third week in July to determine the exact amount of restitution owed to victims, which is still being calculated.He called the banks "negligent" for lending millions of dollars to fake companies without asking the obvious question: "Why there weren't any Transcontinental planes flying around?"The judge said he was concerned about small investors like Juanita Reynolds of St. Petersburg Beach, Florida, who cried while telling of her nearly 90-year-old husband's reaction to the swindle."Tears ran down his face and he said he'd lost all his self-confidence and he died seven months later," she said.Other victims expressed anger at state regulators who ignored red flags about the scheme and at their need to work through what was supposed to be their retirement years.When Pearlman comes out of prison, "he should be turned over to us," said investor James Taylor.Pearlman unsuccessfully sought a delay in his sentencing to allow time to launch his latest creation, European pop band US 5, in the United States and Asia.In court documents, he argued he was developing US 5 at the time of his arrest and said the bankruptcy trustee for his companies agreed he had potential to earn "significant profits" on the band that could be used to pay restitution.Outside the court, trustee Soneet Kapila said he had hired a music business consultant to help him evaluate the US 5 prospects and that he would be meeting with Pearlman to hear "whatever ideas he may have to utilize.""I think the only fair thing to say is we need to explore that potential," Kapila said.- REUTERS

Kylie back with Oliver Martinez?

Kylie back with Oliver Martinez?

Pop isaac Bashevis Singer Kylie Minogue has reunited with former young man Olivier Martinez afterward a year apart, according to reports published in several UK papers.
The couple hold been seen strolling arm-in-arm in the streets of Paris, where Martinez, 42, lives, sparking the reports.Minogue, 39, was besides photographed going his apartment to take his dog Sheba for a walk.
"Kiley has taken him back - with a fresh set of rules," a booster of Minogue's told the Daily Mail.
"Ollie has agreed to try for a baby. That was always the stumbling block in their relationship. They have both been i for a year and Kiley has realised she has ne'er had anyone that has matched up to him."
Minogue arrived in Paris last Sunday for the NRJ Music Awards and spent the following years with Martinez.
"She has always described him as the sexual love of her life," a member of Martinez's kin told The Sun.
"World Health Organization knows what power materialize? We would sure enough wish to see them back together."




Centrinity

Sub 6

   
Artist: Sub 6

   Genre(s): 
Trance: Psychedelic
   

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Discography:


   
 B-Trance On Radio BU 99FM 05-0

   Year: 2003   
Tracks: 1

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Lemon Jelly

   
Artist: Lemon Jelly

   Genre(s): 
Electronic
   

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Discography:


   
 Somerset House Mix

   Year: 2004   
Tracks: 1


   
 Lost Horizons

   Year: 2002   
Tracks: 8

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The twosome Lemon Jelly's chilled forbidden grooves and breaks are produced by Nick Franglen and Fred Deakin. Deakin is a DJ and apparel designer whose example tap has been highlighted in the culture cartridge the Face. Franglen has produced with the talents of Primal Screaming, Björk, and even the Spice Girls. Their start full-length, LemonJelly.KY, was a compendium of ternary limited variant U.K. EPs that the duo released over two age. Their official full length debut, Doomed Horizons, arrived in the come of 2002 and delivered a turbo-paced smorgasbord of styles. The title for the band's third base full-length, 2005's '64-'95, came from the age from which the album's samples were generated.





Johnny Clarke