Louis Jayaka Pearlman House

Louis Jayaka Pearlman was born in Flushing, Queens, New York. Aviation was the Pearlman family's primary business. Lou Pearlman would go on to operate Trans Continental Airlines, a/k/a Planet Airways, and call Orlando, Florida home. Lou Pearlman's ultimate claim to fame, however, would be as the force behind pop music powerhouses The Backstreet Boys and 'N Sync. On December 27, 2006, the Florida Office of Financial Regulation filed a complaint against Lou Pearlman and his Trans Continental Airlines for large-scale investment program fraud. The complaint alleges Pearlman has been operating a Ponzi scheme - using falsified FDIC documents to gain his investors' confidence. Several banks have filed suit against Pearlman for allegedly not paying debts and numerous investors have also filed suit alleging fraud.

Authorities served search warrants regarding the case, on Pearlman's Orlando, Florida mansion, however, he was not present. It has been discovered that Pearlman made real estate purchases just prior to the official court action, including a condominium purchase in the gated community of Belle Harbor, in Clearwater Beach, Florida. Records show Pearlman purchased an upper-floor condo for just over $1.4 million in October of 2006. The condo offers three bedrooms, three bathrooms, and just over 2,000 square feet. The Belle Harbor community offers a boat slip, community pool, dock, fitness facility, and security. Clearwater Beach is located within the Tampa/St. Petersburg metropolitan area. Belle Harbor community - Clearwater Beach, Florida Just a few months prior to the high-rise condo purchase, Pearlman was real estate shopping in Los Angeles. He ultimately settled on a three bedroom, two bathroom, 1,893 square foot home on Sweetzer Avenue in West Hollywood for $1,150,000 (pictured below).

Louis Jay "Lou" Pearlman (born June 19, 1954) is a former impresario of the successful 1990s boy bands such as The Backstreet Boys,*NSYNC, Take 5 , O-Town and US5 . In 2006 it was discovered that Pearlman had perpetrated one of the largest and longest-running Ponzi schemes in American history, leaving more than $300 million in debts. After getting caught on the run, and pleading guilty to conspiracy,money laundering and making false statements during a bankruptcy proceeding, in 2008 Pearlman was convicted and sentenced to (up to) 25 years.^[3][4][5][6]