Pearlman died in prison on Friday, where he was serving out a conviction for his involvement in a massive Ponzi scheme in 2009.
Lou Pearlman, former manager of boy bands *NSYNC and the Backstreet Boys, has died, ET can confirmed. He was 62.
The former record producer, who was serving a 25-year sentence in prison, died at the Federal Correctional Institute in Miami, Florida, on Friday.
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Pearlman was convicted in 2008 for his involvement in a massive Ponzi scheme that swindled 1,700 investors out of a half-billion dollars.
Pearlman was also sued by most of his acts -- the Backstreet Boys, *NSYNC, O-Town, LFO, Take 5, Natural and Aaron Carter -- for fraud and misrepresentation. Though, a few of his former clients have taken to Twitter to share their condolences.
“Word is that #LouPearlman has passed away,” Lance Bass tweeted on Saturday. “He might not have been a stand up businessman, but I wouldn’t be doing what I love today wout [sic] his influence. RIP Lou.”
“Mixed emotions right now, but RIP Lou Pearlman,” Chris Kirkpatrick wrote soon after.
O-Town's Erik-Michael Estrada expressed similar sentiments.
“Mixed emotions,” he said.
Aaron Carter also took to Twitter to share his reaction.
"#LouPearlman my old manager died in prison... Rip Lou not the best business guy really at all but he did discover me," he wrote. "Karma is real."
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