Updated at 8:51 a.m., Monday, June 25, 2007
Music mogul back in U.S. to face bank fraud charges
Associated Press
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Lou Pearlman, 53, was flown to Los Angeles, the U.S. Marshal's Office said. He had been detained in the U.S. territory of Guam after being expelled by Indonesian authorities earlier this month.
He was charged with one count of bank fraud in a criminal complaint filed in March and unsealed after his arrest.
Pearlman is accused of fraudulently securing about $20 million in loans for himself and his companies using bogus financial documents from a fake accounting firm.
He also faces a number of civil complaints, and his assets have been liquidated in two bankruptcy cases.
Pearlman is most famous for forming '90s boy bands, but was also involved in airplane charter, real estate, model scouting and restaurant ventures.
