Louis Jay Pearlman (June 19, 1954 – August 19, 2016) was an American record producer. He was the creator of successful 1990s boy bands such as Backstreet Boys and NSYNC. In 2006, he was accused of running one of the largest and longest-running Ponzi schemes in US history, leaving more than $300 million in debts. After being apprehended, he pled guilty to conspiracy, money laundering, and making false statements during a bankruptcy proceeding. In 2008, Pearlman was convicted and sentenced to 25 years in prison.[3][4] He died in federal custody in 2016.