Shamed former boy band manager Lou Pearlman has been ordered to repay victims he conned out of $300 million (GBP150 million).
The svengali/promoter behind the likes of Backstreet Boys and 'N Sync is currently serving a 25-year prison sentence after he was convicted of fraud earlier this year (08).
And now he has worked out a restitution package with U.S. federal authorities.
Pearlman has been allowed to manage the few remaining music acts he still represents from behind bars; the money he makes from this will go towards the $300 million he now owes those he cheated.
Reports suggest Pearlman scammed almost $200 million (GBP100 million) from more than 1,000 people in an alleged savings programme con.
Another alleged $70 million (GBP35 million) was invested by people who thought they were buying shares in companies owned by Pearlman that mostly had no assets, according to
Pearlman is currently on remand with the Federal Bureau of Prisons; the authorities will transfer him to an undetermined facility at a later date.