FBI, IRS Raid Lou Pearlman’s Orlando Offices

Dozens of agents from the FBI and the Internal Revenue Service swarmed the Orlando offices of music mogul Lou Pearlman on Thursday. They arrived at the Trans Continental headquarters on Church Street with search warrants, WESH 2 News reported. Pearlman, who used to manage *NSYNC and the Backstreet Boys and currently manages US5 and Streetwize, has $160 million in bank and creditor debts and may owe more than $300 million to investors in a savings program that investigators have called fraudulent. Read more.