Lou Pearlman's
personal items auctioned off

Jailed pop music guru Lou Pearlman was ordered to repay his debts by selling off many of his personal items and memorabilia from his musical act-crafting endeavors.

Pearlman, who was responsible for the creation of 'N Sync, the Backstreet Boys, and the ABC TV show that spawned O-Town, allegedly conned nearly 1,800 investors of $317 million, according to Business Week. He filed for bankruptcy in February after the Florida Office of Financial Regulation discovered a scheme through his company, Trans Continental Airlines--a charter airline--to sell high-interest investments.

Radar reports that a slew of items from his home were auctioned off Saturday. The total outcome of revenue was not readily available, but a collection from his office was sold, netting $225,000 in June.

This weekend's block included an actual-size R2D2, a Cadillac Escalade-style golf cart, weapons, and an autographed Super Bowl XXXIII ball. (The Advocate)