Pearlman associate sentenced to 3 years


Published: Wednesday, January 5, 2011 at 8:37 p.m.
Last Modified: Wednesday, January 5, 2011 at 8:37 p.m.

ORLANDO, Fla. — Yet another associate of disgraced music mogul Lou Pearlman has been sentenced to prison for playing a role in a scheme that bilked hundreds of millions of dollars out of investors.

Robert Fischetti, a former top aide to Pearlman, was sentenced Wednesday in federal court to three years in prison. He pleaded guilty last June to one count of conspiracy and three counts of failure to file an income-tax return.

Pearlman, founder of the Backstreet Boys and 'N Sync, is serving a 25-year federal prison sentence for orchestrating one of Florida's largest Ponzi schemes.

He pleaded guilty to running a $300 million investment scam in connection with the sale of worthless stock and retirement-account investments in Trans Continental Airlines and Transcontinental Airlines Travel Services.

___

Information from: Orlando Sentinel, http://www.orlandosentinel.com

Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.

▲ Return to Top