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Boy Band Mogul/American Greed

Wed 28 Jan 09 | 12:00 AM ET
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Boy Band Mogul/American Greed

Wed 28 Jan 09 | 12:00 AM ET
Lou Pearlman, known for managing hit boy bands like NSYNC and the Backstreet Boys is also known for something else - masterminding a half a billion ponzi scheme . As CNBC’s Erin Burnett explains, he's not just taking money from musicians, but from investors and innocent retirees as well.
 
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