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Boy Band Mogul/American Greed

Wednesday, 28 Jan 2009 | 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 CNBCâ??s Erin Burnett explains, he's not just taking money from musicians, but from investors and innocent retirees as well.