Boy band mega mogul Lou Pearlman is saying "bye bye bye" to life as a free man.
Pearlman, who created the Backstreet Boys and 'Nsync, is facing 25 years in prison. The sentence stems from four federal charges: two counts of conspiracy, and one each of money laundering and using false statements in a bankruptcy proceeding.
He was convicted in an Orlando, Florida court. The charges stem from what prosecutors alleged was a decades-long investment scam.
However, he does have the option of reducing his jail time. Judge G Kendall Sharp said that for every $1 million Pearlman returns to investors, he'll cut the sentence by one month.
Lou Perlman attends the 6th Annual T.J. Martell 'Family' Day' Indoor Carnival Benefit at Cipriani's Fifth Avenue March 6, 2005 in New York City. Photo credit Evan Agostini/Getty Images.