
Lou Pearlman
By managing popular boy bands like the Backstreet Boys and NSYNC, Pearlman made his way up the ladder of fame. But that was all thrown down the toilet when he was sentenced to 25 years in prison for fraudulent behavior. Federal prosecutor Roger Handberg said he did this through “bank fraud money that he needed to use to pay off an investor, he would do. If he had a problem where he had to pay a bank some money, he would use the investor money. All the money was co-mingled– and it was used however it would benefit him.” He ran a long-standing Ponzi scheme that left over $300 million in debt. He pleaded guilty to conspiracy and money laundering. His fate was chosen for him when he died from cardiac arrest eight years later (via ABC News).