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Lou Pearlman
Louis Jay Pearlman (June 19, 1954 – August 19, 2016) was an American music manager and scam artist. He was the person behind many successful 1990s boy bands, having formed and funded the Backstreet Boys. After their massive success, he then developed NSYNC. In 2006, he was accused of running one of the largest and longest-running Ponzi schemes in United States history, leaving more than $300 million in debts. After attempting to evade capture, Pearlman was apprehended in Bali, Indonesia in June 2007. He pled guilty to Conspiracy (criminal), conspiracy, money laundering, and making false statements during bankruptcy proceedings. In 2008, Pearlman was convicted and sentenced to 25 years in prison. He died in federal custody in 2016. Early life Lou Pearlman was born and raised in Queens, New York (state), New York, the only child of American Jews, Jewish parents Hy Pearlman, who ran a dry cleaning business, and Reenie Pearlman, a school lunchroom aide. He was a Cousin, first cous ...
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Time (magazine)
''Time'' (stylized in all caps as ''TIME'') is an American news magazine based in New York City. It was published Weekly newspaper, weekly for nearly a century. Starting in March 2020, it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been owned by Salesforce founder Marc Benioff, who acquired it from Meredith Corporation. Benioff currently publishes the magazine through the company Time USA, LLC. History 20th century ''Time'' has been based in New York City since its first issue published on March 3, 1923 ...
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Take 5 (band)
Take 5 was an American boy band from Orlando, Florida consisting of brothers Ryan and Jeff "Clay" Goodell, Tilky Jones, Stevie Sculthorpe, and Tim "TJ" Christofore. The band formed in 1997 and broke up in 2001. Take 5 was one of the many groups whose formulation and promotion were due to the machinations of promoter Lou Pearlman, and all of the members had prior experience in the entertainment industries. Take 5at Allmusic Members *Ryan Goodell : Full Name: Ryan Christopher Goodell : Birthdate: June 29, 1980 : Hometown: Minneapolis, Minnesota * Tilky Jones : Full Name: Tilky Montgomery Jones : Birthdate: June 24, 1981 : Hometown: Charleston, South Carolina *Stevie Sculthorpe : Full Name: Stephen James Sculthorpe : Birthdate: January 11, 1983 : Hometown: Miami, Florida *Tim "TJ" Christofore : Full Name: Timothy Joseph Christofore : Birthdate: February 29, 1984 : Hometown: Minneapolis, Minnesota *Jeff "Clay" Goodell : Full Name: Jeffrey Clayton Goodell : Birthdate: April 28, ...
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Tampa Bay Times
The ''Tampa Bay Times'', called the ''St. Petersburg Times'' until 2011, is an American newspaper published in St. Petersburg, Florida, United States. It is published by the Times Publishing Company, which is owned by The Poynter Institute for Media Studies, a nonprofit journalism school directly adjacent to the University of South Florida St. Petersburg campus. It has won fourteen Pulitzer Prizes since 1964, and in 2009, won two in a single year for the first time in its history, one of which was for its PolitiFact project. History The newspaper traces its origin to the ''West Hillsborough Times'', a weekly newspaper established in Dunedin, Florida, on the Pinellas Peninsula in 1884. At the time, neither St. Petersburg nor Pinellas County existed; the peninsula was part of Hillsborough County. The paper was published weekly in the back of a pharmacy and had a circulation of 480. It subsequently changed ownership six times in seventeen years. In December 1884, it wa ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ...
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Indonesia
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian Ocean, Indian and Pacific Ocean, Pacific oceans. Comprising over List of islands of Indonesia, 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guinea, Indonesia is the world's largest archipelagic state and the List of countries and dependencies by area, 14th-largest country by area, at . With over 280 million people, Indonesia is the world's List of countries and dependencies by population, fourth-most-populous country and the most populous Islam by country, Muslim-majority country. Java, the world's List of islands by population, most populous island, is home to more than half of the country's population. Indonesia operates as a Presidential system, presidential republic with an elected People's Consultative Assembly, legislature and consists of Provinces of Indonesia, 38 provinces, nine of which have Autonomous administrative divisi ...
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Bali
Bali (English:; Balinese language, Balinese: ) is a Provinces of Indonesia, province of Indonesia and the westernmost of the Lesser Sunda Islands. East of Java and west of Lombok, the province includes the island of Bali and a few smaller offshore islands, notably Nusa Penida, Nusa Lembongan, and Nusa Ceningan to the southeast. The provincial capital, Denpasar, is the List of Indonesian cities by population, most populous city in the Lesser Sunda Islands and the second-largest, after Makassar, in Eastern Indonesia. Denpasar metropolitan area is the extended metropolitan area around Denpasar. The upland town of Ubud in Greater Denpasar is considered Bali's cultural centre. The province is Indonesia's main tourist destination, with a significant rise in Tourism in Bali, tourism since the 1980s, and becoming an Indonesian area of overtourism. Tourism-related business makes up 80% of the Bali economy. Bali is the only Hinduism in Indonesia, Hindu-majority province in Indonesia, ...
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Ponzi Scheme
A Ponzi scheme (, ) is a form of fraud that lures investors and pays Profit (accounting), profits to earlier investors with Funding, funds from more recent investors. Named after Italians, Italian confidence artist Charles Ponzi, this type of scheme misleads investors by either falsely suggesting that profits are derived from legitimate business activities (whereas the business activities are non-existent), or by exaggerating the extent and profitability of the legitimate business activities, leveraging new investments to fabricate or supplement these profits. A Ponzi scheme can maintain the illusion of a sustainable business as long as investors continue to contribute new funds, and as long as most of the investors do not demand full repayment or lose faith in the non-existent assets they are purported to own. Some of the first recorded incidents to meet the modern definition of the Ponzi scheme were carried out from 1869 to 1872 by Adele Spitzeder in German Empire, Germany and ...
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Boy Band
A boy band is a vocal group consisting of young male singers, usually in their Teenage, teenage years or in their twenties at the time of formation. Generally, boy bands perform love songs marketed towards girls and young women. Many boy bands dance as well as sing, usually giving highly choreographed performances. List of South Korean idol groups, South Korean boy bands usually also have designated rappers. Most boy band members do not play musical instruments, either in recording sessions or on stage. They are similar in concept to their counterparts known as girl groups. Some boy bands are formed on their own, but most are created by talent managers or record producers who hold auditions. The popularity of boy bands has peaked three times: first in the 1960s to '70s, with e.g. the Jackson 5 and the Osmonds; the second time during the late 1980s, the 1990s and the 2000s, when acts such as New Kids on the Block, Take That, Backstreet Boys, Boyzone, NSYNC, Five (group), Five, W ...
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Innosense
Innosense was an American girl group that were active from 1997 to 2003. History 1997–1999: Formation and "Wherever You Are" The band was managed by Lou Pearlman and Janet Lynn Harless (mother of Justin Timberlake). The original members were Danay Ferrer, Mandy Ashford, Nikki DeLoach, Veronica Finn, and Amanda Latona. The group was formed in 1997. Their name was suggested by Pearlman and Harless. The band decided to misspell the name so they would not sound like "innocent little four-year-olds." Their inspirations were bands such as NSYNC and the Backstreet Boys. Ashford was a member of the Attache show choir, along with high-school friend Lance Bass, with whom she also shared a vocal coach. Bass recommended Ashford to Pearlman, and she was selected to join the band. Britney Spears was initially a member of Innosense; however, she departed the group to pursue a career as a solo artist. In 1998, Innosense released the single "Wherever You Are". A video for the song was rele ...
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