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)













