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WWW.MY-SUBS.NET
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{n8}Louis, this is your Uncle Jack
and your Aunt Rose's son, Art Garfunkel,
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{n8}and I'm talking to you
through my camera in this hotel room
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{n8}to make a little tape
for your 50th birthday
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{n8}because our Garfunkel family
has always loved you
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{n8}and I especially, Louis.
So happy birthday, Lou.
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{n8}All right, everybody knows
it's Saturday night, right?
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{n8}All right, it's time to party.
Here we go! Whoo!
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{n8}Hands up in the air.
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{n8}I know you're eating,
but come on, it's time to clap.
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Every year,
Lou had a lavish birthday party.
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{n8}His 50th was unbelievable.
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{n8}There were powerful politicians.
There were music people.
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Hold on, everybody.
Hulk Hogan's got him in a headlock.
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They wanted the glitz and glamour
that Lou brought.
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He created musicians
who became extremely famous,
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and everybody wanted a piece.
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Hello, everybody.
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My name is Howie D
from the Backstreet Boys,
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and, uh, I just wanted to come out
and say a couple of words to Lou,
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who, uh, as I know, is, uh, Big Poppa.
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I remember feeling a little weird
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because I kept on going
to the Trans Continental parties.
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The guys didn't really agree with me.
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But I was like, "This is Lou.
This is the guy that gave us our dream."
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You've been a great inspiration,
my mentor in life.
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And God bless you.
Happy 50th birthday, buddy.
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Lou was a very, very smart man.
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And he had enough stories,
enough knowledge, enough energy to himself
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that you would believe whatever he said.
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Betrayal is such a hard word.
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For many, many years, I didn't see it.
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Enjoy the party.
Thank you for coming. Thank you.
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What do you think about
the hysteria of boy bands?
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That there are so many girls screaming?
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People tell me, you know,
that boy bands are over.
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And I know boy bands are not over
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because boy bands are over
when God stops making little girls.
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Until then, it's working.
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You ever heard him say that?
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Have I ever heard him say that?
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Too many times to count.
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But at that time, the world was changing.
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The pop world was changing.
Music was changing.
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And everyone was pretty much,
like, over boy bands.
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Didn't realize Chris Kirkpatrick
rhymed with "get your ass kicked."
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♪ Anybody who's talking this and that ♪
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♪ Chris Kirkpatrick
You can get your ass kicked... ♪
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Like, we have Eminem. We have Kid Rock.
Diddy. No more boy bands, please.
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Izzy, you're crazy.
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Even though people had moved on,
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in 2005, Lou made a television show
in Europe called Big in America.
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{n8}♪ Big in America ♪
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{n8}♪ This is a chance to become a star ♪
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I played the role of a tour manager
for a few episodes.
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The following two days you'll be
shooting the video at Universal Studios.
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Following that, you're going to New York
for press, live radio, PR meetings.
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The day after that
you're performing live for 2,000 people.
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Two weeks.
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The premise of the show was
that this band was big in America.
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♪ There is so much a man can tell you
So much he can say ♪
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♪ You remain my power,
My pleasure, my pain ♪
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♪ Baby ♪
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Turns out they'd never even played a show
or sold a record or anything in America.
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♪ Baby, I compare you to
A kiss from a rose on the gray ♪
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But, hey, it worked for him.
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- Thank you.
- Thank you.
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All right.
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He titled himself
as the Big Poppa of Natural.
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Mm-hmm.
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Is he the Big Poppa of you?
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Yeah. I mean,
he's... he's definitely a father figure.
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He's an inspiration
because no matter what,
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he figures out a way
to make everything work.
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Mike.
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I was like...
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How you feel?
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Once my band broke up,
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Lou and I were gonna
start a business together.
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I wanted to sign some alternative bands
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and start this, like,
TV business with him.
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At this point, he was no longer
my manager. We were partners.
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But it was also, on the personal level,
very mentor-protégé.
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Outside of all the glitz and glamour
and the huge houses
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and the Rolls-Royces and everything,
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he was an insecure kid
whose nickname was "fat boy"
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and would get picked on all the time.
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He found his alternate reality
in this world, in the pop music world.
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My business associates often give me
a hard time for being too nice
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in negotiations and deal-making.
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But at the end of the day,
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{n8}I'd rather have
the people I do business with
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feel like they've been treated fairly.
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Remember that what
you are really trying to build
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is a life that you can look back on
and feel good about.
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What'd you think of Lou's book?
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Br...
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Brands, Bands...
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And Billions.
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Brands...
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The first time
that I ever heard about Lou Pearlman
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was when I got a call from a reader.
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"What do you know about this Lou Pearlman
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and Trans Continental Airlines,
this investment?"
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They said that it was
some kind of FDIC-insured investment,
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and it was going to have this nice yield
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00:06:07,909 --> 00:06:12,330
which was higher than the highest yields
people could get anywhere.
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And then some of them are like,
"Oh, look."
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00:06:15,083 --> 00:06:17,919
"It's got extra insurance
from Lloyd's of London."
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It also was being called
an Employee Investment Savings Account,
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but Lou said that everyone in the world
could buy into it.
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So, something was not right.
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Soon after I started writing about it,
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that caused this whole flood of people
asking for their money back.
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After the litigation and stuff
with the Backstreet Boys,
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Pearlman just went on with his life.
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But you know,
the son of a bitch owes me money.
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And by the way, even today,
16 million dollars will get my attention.
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He'd paid us a million and a half,
but then it stopped and there was no more.
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Then he tried to have a check sent to me
from a bank in Munich.
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I called my friend in Munich,
and he checked it out.
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The address was a vacant lot.
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You can reasonably assume here
that I was pissed,
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and I would devote my time
and my energies to square that.
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By 2006, it was starting to get
a little bit rough,
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and people were calling for their money.
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All Ponzi schemes grow
to a certain point,
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and if you don't bring in new investors
to cover the old investors,
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you'll have trouble.
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That's when
the first signs of trouble come.
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They'd tell friends and family,
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"Hey, this investment I told you about
is being looked into."
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And once those people started to request
their money, it just snowballed.
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Nobody wanted to talk
to the shareholders,
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and I was the only one that was
continuing to answer the phones.
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They'd call up furious and fuming,
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and some even came
actually up to the office.
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Investors started coming into
all of the different entities
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looking to get money,
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to where there would be,
like, scenes being made.
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"Where's my money?"
"How can I get my money?"
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People were stealing things
from the studio and the mansion,
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trying to get whatever they could.
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At that time, there were
different investors coming around,
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and I'm not gonna say "shady,"
but I might say "shady."
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Just didn't seem like these people were
people that you'd wanna be involved with
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unless you needed
something really desperate.
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00:08:43,856 --> 00:08:47,193
I started seeing a lot of cars
parked out front of the house.
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Cars I had never seen.
I lived there for seven years.
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Gated, people are waiting,
following people in.
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You know, and I grew up with guns,
like, something just was like,
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you need to have the gun in... in your room.
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Before that, I knew that he had
an investment savings account.
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It got high yields,
and he would never let me do it.
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"No, no, no.
You don't want to do that. No, no, no."
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And I don't know, like,
what eventually made him change his mind
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and say, "Okay."
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But I had a lot of my own money,
over 100,000 dollars, invested in this.
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I am curious to know
if you invested.
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00:09:26,232 --> 00:09:27,900
I'd rather not talk about it.
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Yeah, so...
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- Understood.
- Yeah.
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A lot of people lost money,
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Um, Frankie's mom being one of them.
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Frankie would still be alive today.
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We'd all be much better off today if...
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if Lou didn't do any of this.
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00:09:58,222 --> 00:10:00,474
It was sad, the whole situation.
168
00:10:00,558 --> 00:10:05,521
Um, I think Frankie took, uh,
the bad way out if he did commit suicide.
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00:10:07,148 --> 00:10:10,318
Do you believe
that Frankie's death was a suicide?
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00:10:12,903 --> 00:10:14,864
I believe that it was.
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Lou did not believe that it was.
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00:10:18,326 --> 00:10:22,038
What he told me,
probably two months after the fact,
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was that Frankie was murdered.
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And I go, "Who did this?"
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"Well, I don't know,
but I'm gonna find out."
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00:10:30,504 --> 00:10:33,424
And I told him,
"One minute, you don't care,
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00:10:33,924 --> 00:10:36,844
and the next minute,
'He was murdered, ' and now you care?"
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"That doesn't make any sense."
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00:10:39,805 --> 00:10:41,849
But knowing what I know now,
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00:10:41,932 --> 00:10:47,813
I believe that Lou was, at that point,
probably starting to panic, in a way,
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00:10:47,897 --> 00:10:50,733
because his stories
are spiraling out of control.
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We had
this beautiful space downtown.
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00:11:09,418 --> 00:11:13,422
I'm standing in front of the elevator,
and as it comes down, he comes into frame.
184
00:11:13,923 --> 00:11:14,965
Doors open up. He's like,
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00:11:15,049 --> 00:11:17,009
"Hey, I gotta run.
I just want to say I love you."
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00:11:17,051 --> 00:11:19,261
"I'm going out.
I'm gonna be on vacation a while."
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00:11:19,345 --> 00:11:20,763
"Thank you for everything."
188
00:11:21,514 --> 00:11:23,015
"Okay?" Okay.
189
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A few weeks later,
the FBI raided that space.
190
00:11:34,235 --> 00:11:36,612
We had a warrant
for the Church Street office.
191
00:11:37,363 --> 00:11:39,198
We seized a ton of documents.
192
00:11:40,074 --> 00:11:44,453
I was able to go in with the FBI that day
and bring out boxes of evidence.
193
00:11:45,579 --> 00:11:47,581
I was sitting typing
and they said,
194
00:11:47,665 --> 00:11:50,584
"Would you please
lift your hands off your keyboard."
195
00:11:50,668 --> 00:11:54,380
"Do not touch one thing,
and please would you come with me."
196
00:11:54,463 --> 00:11:57,007
And I thought, "That's it. I'm done."
197
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There was also a search warrant
for his home,
198
00:12:00,678 --> 00:12:02,430
and I went with the team that day as well.
199
00:12:03,597 --> 00:12:05,266
{n8}Lou Pearlman wasn't there,
200
00:12:05,349 --> 00:12:08,185
{n8}but there was a young man there
that was taking care of the house.
201
00:12:08,894 --> 00:12:12,106
I could see local news trucks,
unmarked cars,
202
00:12:12,189 --> 00:12:15,568
people in the FBI jackets
that you see on TV.
203
00:12:16,152 --> 00:12:19,363
Every drawer, every cabinet,
everything is open.
204
00:12:19,947 --> 00:12:23,451
And then I saw Scott Skinner,
and he's like,
205
00:12:23,534 --> 00:12:25,953
"Patrick King,
we've been waiting for you."
206
00:12:26,662 --> 00:12:27,997
There was a safe at the house
207
00:12:28,080 --> 00:12:30,458
that you could tell
had been cleaned out in a hurry.
208
00:12:31,125 --> 00:12:34,420
By the time we did the search
on his office and his house,
209
00:12:34,503 --> 00:12:37,882
he had been gone, from what I understand,
approximately six weeks.
210
00:12:38,549 --> 00:12:40,259
Lou left the country,
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00:12:40,342 --> 00:12:43,846
and his story to everybody
that was asking questions about it was
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00:12:43,929 --> 00:12:46,348
he was gonna get the money
out of the lock boxes.
213
00:12:46,432 --> 00:12:49,435
He was going to make this all right.
He'll be back, and he'll figure it out.
214
00:12:59,528 --> 00:13:03,783
Meager cash flow
is the primary cause of migraine headaches
215
00:13:03,866 --> 00:13:08,370
and upset stomachs among
entrepreneurs and new business owners.
216
00:13:09,121 --> 00:13:12,458
Cash flow is the fuel
to get your business started
217
00:13:12,541 --> 00:13:14,043
and keeps it running.
218
00:13:14,126 --> 00:13:16,670
Without the dough, it won't go.
219
00:13:23,886 --> 00:13:29,183
It was a few weeks after
the raid on Church Street
220
00:13:29,266 --> 00:13:31,769
when I started hearing
about the investment scheme.
221
00:13:31,852 --> 00:13:33,312
I didn't know anything about it.
222
00:13:34,438 --> 00:13:37,149
Somebody from the inside
223
00:13:37,733 --> 00:13:40,444
must have been giving
the feds information.
224
00:13:41,237 --> 00:13:45,699
There was somebody at Trans Con
that was probably a snitch.
225
00:13:45,783 --> 00:13:48,053
Did you have anybody
from within the company
226
00:13:48,077 --> 00:13:49,578
that you guys were working with?
227
00:13:49,662 --> 00:13:51,038
No.
228
00:13:51,121 --> 00:13:53,916
Uh, Lou kept everybody at a distance.
229
00:13:54,458 --> 00:13:57,711
He didn't want anybody
to be able to say what was going on.
230
00:14:01,632 --> 00:14:05,469
Lou and I were starting our company
together, so we went on the road.
231
00:14:06,637 --> 00:14:08,180
Our first stop was Dublin.
232
00:14:08,264 --> 00:14:12,059
He was gonna accept a Lifetime Achievement
Award at this big award show.
233
00:14:12,142 --> 00:14:14,645
We went from Dublin to Berlin.
234
00:14:14,728 --> 00:14:16,438
We had some investor meetings there.
235
00:14:17,064 --> 00:14:20,192
From there, we would go to Spain,
down to Panama,
236
00:14:20,276 --> 00:14:22,570
and we ultimately wound up in Bali.
237
00:14:24,071 --> 00:14:27,575
When I was traveling with Lou,
I wasn't on the lam.
238
00:14:27,658 --> 00:14:29,743
I wasn't on the run.
I was starting a business.
239
00:14:30,911 --> 00:14:34,123
I had no freaking idea what was going on.
240
00:14:40,045 --> 00:14:42,423
A close friend of Lou's called me
241
00:14:42,506 --> 00:14:45,467
and told me
what was going on with the investments.
242
00:14:46,594 --> 00:14:49,680
I didn't think my son would have
been involved in taking money
243
00:14:49,763 --> 00:14:51,557
and wasting somebody else's money.
244
00:14:53,225 --> 00:14:55,561
My son was not that kind of a guy.
245
00:14:57,563 --> 00:14:59,815
Frankie was so loyal to Lou Pearlman.
246
00:15:00,733 --> 00:15:02,067
He defended him.
247
00:15:03,068 --> 00:15:07,364
And I think it broke his heart
when he learned about this.
248
00:15:10,242 --> 00:15:12,369
There's a reason
people want their money out
249
00:15:12,453 --> 00:15:15,205
because they heard
their cousin tried to get their money out,
250
00:15:15,289 --> 00:15:16,457
and they couldn't.
251
00:15:16,540 --> 00:15:19,251
And their friend tried to get
their money out, and they couldn't.
252
00:15:19,335 --> 00:15:21,629
You start seeing things in the news,
253
00:15:21,712 --> 00:15:23,547
and that's when the collapse begins.
254
00:15:24,506 --> 00:15:27,051
Connie and Pat Caesar say
they've been badly burned
255
00:15:27,134 --> 00:15:30,137
by Trans Continental Airlines
and the man who runs it,
256
00:15:30,220 --> 00:15:32,473
boy band mogul Lou Pearlman.
257
00:15:32,556 --> 00:15:35,809
According to the Caesars,
they invested 300,000 dollars
258
00:15:35,893 --> 00:15:37,770
in the company's savings program
259
00:15:37,853 --> 00:15:41,190
that offered the public
big returns and no risk.
260
00:15:41,273 --> 00:15:43,400
He's just taken our lives away.
261
00:15:43,484 --> 00:15:46,987
Two months ago, the Caesars
tried to get their investment back,
262
00:15:47,071 --> 00:15:50,532
but the money,
their life savings, never arrived.
263
00:15:51,700 --> 00:15:55,162
What these people were promised was
that their account was held in their name
264
00:15:55,245 --> 00:15:57,331
with their own account number in a bank.
265
00:15:57,414 --> 00:15:59,500
If the bank were to collapse
for some reason,
266
00:15:59,583 --> 00:16:02,127
then the funds would be FDIC-insured.
267
00:16:02,211 --> 00:16:04,421
But their statement
didn't come from a bank.
268
00:16:04,505 --> 00:16:06,715
It came from Trans Continental Airlines.
269
00:16:06,799 --> 00:16:09,051
Lou had Trans Continental Airlines,
270
00:16:09,134 --> 00:16:12,846
which ironically, I never, not once,
saw a Trans Continental airplane.
271
00:16:13,764 --> 00:16:16,517
When you're a naive kid
and see airplanes on somebody's desk
272
00:16:16,600 --> 00:16:19,186
and they say they own an airline,
you believe them.
273
00:16:20,312 --> 00:16:23,565
Trans Continental Airlines
was supposedly an airline company
274
00:16:23,649 --> 00:16:27,444
that he ran that owned,
I think it was, like, maybe 50 planes,
275
00:16:27,528 --> 00:16:32,491
and supposedly celebrities or corporations
would lease and rent jets from him.
276
00:16:33,117 --> 00:16:34,618
We started leasing airplanes,
277
00:16:34,702 --> 00:16:37,621
{n8}and we started leasing them
to not only airlines
278
00:16:37,705 --> 00:16:40,082
{n8}but also to people
in the rock and roll industry
279
00:16:40,165 --> 00:16:41,792
like New Kids on the Block.
280
00:16:42,459 --> 00:16:44,962
Ultimately, we discovered
that none of that was true.
281
00:16:45,045 --> 00:16:46,422
He didn't have any planes.
282
00:16:46,505 --> 00:16:50,217
There were no operations at all
other than this investment scam.
283
00:16:54,304 --> 00:16:57,182
They had this little brochure
about Trans Continental Airlines,
284
00:16:57,266 --> 00:17:02,146
where he had this picture
that was actually someone holding up
285
00:17:02,229 --> 00:17:05,566
a model plane
with the airport in the background.
286
00:17:06,400 --> 00:17:10,487
The hand of the person is just cut off
so that it doesn't appear in the picture.
287
00:17:14,700 --> 00:17:16,910
Pearlman was a master forger.
288
00:17:16,994 --> 00:17:20,080
He would forge signatures
and create false seals.
289
00:17:21,248 --> 00:17:24,251
He provided us with a statement
from German Savings Bank
290
00:17:24,334 --> 00:17:27,087
showing he had 30 million dollars
in this bank in Germany.
291
00:17:27,796 --> 00:17:29,631
And it turned out, of course,
292
00:17:29,715 --> 00:17:32,634
that the German Savings Bank
was never a legitimate bank.
293
00:17:34,803 --> 00:17:39,725
Lou Pearlman had totally false
bank statements, tax returns.
294
00:17:39,808 --> 00:17:44,438
State documents also accuse Pearlman
of using a mysterious accounting firm
295
00:17:44,521 --> 00:17:47,524
to hide the scheme
from investors and Wall Street.
296
00:17:48,233 --> 00:17:50,694
He did create
this fake accounting firm
297
00:17:50,778 --> 00:17:52,571
called Cohen & Siegel,
298
00:17:52,654 --> 00:17:57,618
{n8}which was named after two gangsters,
Mickey Cohen and Bugsy Siegel.
299
00:17:59,078 --> 00:18:03,290
And then a couple of investors
got a letter signed by Harry Milner,
300
00:18:03,373 --> 00:18:05,125
CFO of Trans Continental Airlines,
301
00:18:05,209 --> 00:18:08,212
assuring them that
this was all just a big misunderstanding
302
00:18:08,295 --> 00:18:11,924
and that everything was gonna be fine
and they'd be able to get their money out.
303
00:18:12,007 --> 00:18:14,259
And we were all saying,
"Who's Harry Milner?"
304
00:18:14,343 --> 00:18:17,387
We've been working on this for a year
and never heard of this person.
305
00:18:18,055 --> 00:18:20,766
We kept trying
to contact Harry Milner
306
00:18:20,849 --> 00:18:24,645
to ask him, "Hey, what's going on here?
Where are you getting these numbers?"
307
00:18:24,728 --> 00:18:28,357
Sadly, we'd come to find out
that Harry Milner had passed away
308
00:18:28,440 --> 00:18:30,984
long before any of these returns
had been signed.
309
00:18:32,277 --> 00:18:35,572
There was an association
between Lou Pearlman and Harry Milner,
310
00:18:35,656 --> 00:18:37,950
but it was many, many years ago.
311
00:18:38,033 --> 00:18:40,327
And when we actually
went into the offices,
312
00:18:40,410 --> 00:18:43,789
they found where Lou Pearlman
had actually written the letter
313
00:18:43,872 --> 00:18:45,999
and given it to his assistant to type up.
314
00:18:46,083 --> 00:18:48,502
There were a couple of files
that I took of Lou's
315
00:18:48,585 --> 00:18:50,712
that I was just kind of iffy about.
316
00:18:50,796 --> 00:18:53,382
Letters that maybe
could be perceived differently
317
00:18:53,465 --> 00:18:55,384
that I'd written to some people.
318
00:18:55,467 --> 00:18:57,678
I just was...
I thought, I don't want anybody...
319
00:18:57,761 --> 00:18:59,555
I didn't want anyone else reading them.
320
00:19:01,348 --> 00:19:02,766
Ultimately, we found
321
00:19:02,850 --> 00:19:06,103
over 1,000 people had invested
in this plan.
322
00:19:06,186 --> 00:19:08,856
It had gotten up to
probably 300 million dollars.
323
00:19:10,149 --> 00:19:12,943
He also ran a bank Ponzi scheme,
if you will,
324
00:19:13,026 --> 00:19:15,737
because he went to one bank
and he'd borrow 100,000 dollars.
325
00:19:15,821 --> 00:19:17,741
When that became mature,
he'd go to the next bank
326
00:19:17,781 --> 00:19:20,492
and borrow 200,000 dollars,
so he could pay this money back
327
00:19:20,576 --> 00:19:23,203
and then still have some money
to take out.
328
00:19:23,287 --> 00:19:26,498
And he kept building on that
until the loans were in the millions.
329
00:19:27,166 --> 00:19:30,377
{n8}Lou's investor Ponzi scheme
was like 300 million,
330
00:19:30,460 --> 00:19:32,921
{n8}and the bank fraud was like 200 million.
331
00:19:33,005 --> 00:19:34,006
That we know about.
332
00:19:34,840 --> 00:19:37,092
This Polk County man
who wants to be anonymous
333
00:19:37,176 --> 00:19:40,429
had invested
nearly a quarter of a million dollars.
334
00:19:40,804 --> 00:19:44,391
Pearlman himself picked him up
in a limo, took him to dinner,
335
00:19:44,474 --> 00:19:49,521
and showed him documents to prove
that the savings program was FDIC-insured.
336
00:19:49,605 --> 00:19:52,524
When he picked that paper up
with the seal, I believed him.
337
00:19:54,610 --> 00:19:57,613
As the things with the news
started picking up more and more,
338
00:19:57,696 --> 00:20:00,407
then I started knowing
something serious was going on.
339
00:20:00,490 --> 00:20:03,702
{n8}It has affected my grandchildren
because that money was there
340
00:20:03,785 --> 00:20:05,329
for their college education.
341
00:20:05,412 --> 00:20:06,705
It... it's gone.
342
00:20:06,788 --> 00:20:09,791
When all of the news
started coming out about that stuff,
343
00:20:09,875 --> 00:20:12,794
I recall feeling a sense of being used,
344
00:20:13,295 --> 00:20:17,591
but also, like, and these people
must think that we were in on it with him.
345
00:20:19,676 --> 00:20:22,304
{n8}He should be put in jail
and kept in jail until he dies.
346
00:20:23,347 --> 00:20:24,556
I was floored.
347
00:20:24,640 --> 00:20:27,601
Wait, hold on,
ripped off people from their retirement?
348
00:20:28,435 --> 00:20:32,189
You know, I was a cop.
To hear that, it... it was devastating.
349
00:20:32,814 --> 00:20:35,525
He's a crook.
He's a crook. Put him in jail.
350
00:20:39,363 --> 00:20:44,743
Traditionally, in the FBI, you don't have
any formal relationships with the media.
351
00:20:45,619 --> 00:20:49,998
But Helen was writing a lot of things
about the Pearlman investigation,
352
00:20:50,082 --> 00:20:53,794
and I just called her up one day and said,
"Hey, can we help each other out here?"
353
00:20:53,877 --> 00:20:55,037
You know, that sort of thing.
354
00:20:56,129 --> 00:20:59,841
I had this blog
that was part of the St. Petersburg Times.
355
00:20:59,925 --> 00:21:03,512
It's called Money Talk,
and a lot of people followed that
356
00:21:03,595 --> 00:21:05,055
because they were interested in Lou.
357
00:21:05,138 --> 00:21:08,392
And so people would be posting rumors
about, you know,
358
00:21:08,475 --> 00:21:10,644
he's here, he's there, and of course,
359
00:21:10,727 --> 00:21:13,647
the investors really wanted him
to be brought to justice.
360
00:21:15,482 --> 00:21:18,026
You got to realize
that once you become a fugitive,
361
00:21:18,110 --> 00:21:20,028
that next knock at the door, what is that?
362
00:21:20,779 --> 00:21:22,155
Where am I gonna go today?
363
00:21:29,329 --> 00:21:31,081
{n8}During the time we were in Bali,
364
00:21:31,164 --> 00:21:34,376
he was relying on me solely
for his freedom.
365
00:21:35,043 --> 00:21:36,253
I didn't know at the time.
366
00:21:37,671 --> 00:21:39,881
His assets had been frozen,
367
00:21:39,965 --> 00:21:43,552
which forced all of the travel
to be on my credit card.
368
00:21:44,553 --> 00:21:46,305
So it was chaos, but I was like,
369
00:21:46,388 --> 00:21:49,725
there's been 12-15 lawsuits
every other time,
370
00:21:49,808 --> 00:21:52,352
and he's gotten out of them
and just cruised on.
371
00:21:53,937 --> 00:21:58,734
I start to go down to
the business center of the Westin in Bali,
372
00:21:58,817 --> 00:22:01,903
and I'm, like, seeing
all of these news reports about Lou.
373
00:22:01,987 --> 00:22:05,073
And this woman, Helen Huntley,
had a message board,
374
00:22:05,157 --> 00:22:09,036
and people that I recognize
are trying to find Lou.
375
00:22:10,537 --> 00:22:12,706
So I'm sitting next to him
in this business center,
376
00:22:12,789 --> 00:22:14,916
and he's sketching away over there,
377
00:22:15,000 --> 00:22:18,795
and then he picks up the... the paper,
and he shows it to me,
378
00:22:19,296 --> 00:22:21,089
and he says, "Does this look real to you?"
379
00:22:21,757 --> 00:22:24,468
And it says "German Savings Bank" on it,
380
00:22:24,551 --> 00:22:28,764
and he had hand-drawn this bank seal
for, like, a loan document,
381
00:22:29,473 --> 00:22:32,934
and he faxed it off from
the business center to Bank of America
382
00:22:33,518 --> 00:22:35,020
I think it was for a million dollars.
383
00:22:36,188 --> 00:22:37,439
And he got the damn loan.
384
00:22:39,858 --> 00:22:43,653
And I was like, "Dude, you got to tell me
what's going on. This is not right."
385
00:22:44,154 --> 00:22:47,449
"Oh no, buddy. This is how you have to
do business on a global scale."
386
00:22:48,742 --> 00:22:50,369
The next day, I called my family.
387
00:22:51,578 --> 00:22:52,621
And I left.
388
00:22:56,041 --> 00:22:58,085
{n8}I did get a call from a reader
389
00:22:58,168 --> 00:23:02,089
{n8}who was also staying
at this resort in Bali.
390
00:23:02,672 --> 00:23:07,427
{n8}He was walking on the beach with his wife
and saw Lou out there.
391
00:23:08,553 --> 00:23:11,640
{n8}Helen's contacted me saying,
"Hey, I got this reader
392
00:23:11,723 --> 00:23:15,644
who thinks he's seen Lou Pearlman
in the hotel he was at."
393
00:23:15,727 --> 00:23:18,021
Okay. I said, "Well, where's the hotel?"
"Indonesia."
394
00:23:18,105 --> 00:23:19,356
"Okay, let's go."
395
00:23:20,816 --> 00:23:23,652
{n8}So, the reader had his camera,
and he and his wife,
396
00:23:23,735 --> 00:23:27,656
they were eating breakfast in the hotel,
and they saw Lou.
397
00:23:27,739 --> 00:23:28,865
And they took a picture.
398
00:23:29,950 --> 00:23:32,869
{n8}And when he took the picture,
not only did he get Lou,
399
00:23:32,953 --> 00:23:35,664
{n8}he got my two agents
at the table next to Lou,
400
00:23:35,747 --> 00:23:37,124
watching him at the time.
401
00:23:38,542 --> 00:23:41,461
I'm getting contacted by
the guys in Jakarta. "Yeah, that's Lou."
402
00:23:41,545 --> 00:23:43,922
I said, "Well, we got
an arrest warrant for him."
403
00:23:44,005 --> 00:23:45,298
"Get him out of there."
404
00:23:45,382 --> 00:23:46,883
Good morning. Good morning, everyone.
405
00:23:46,967 --> 00:23:49,928
Boy band mogul, Lou Pearlman,
has been arrested.
406
00:23:50,011 --> 00:23:52,013
Pearlman appeared in court in Guam today
407
00:23:52,097 --> 00:23:54,266
after spending months
hiding from authorities.
408
00:23:54,349 --> 00:23:56,476
The creator of *NSYNC
and the Backstreet Boys
409
00:23:56,560 --> 00:23:59,563
is accused of bank fraud
and faces several lawsuits.
410
00:23:59,646 --> 00:24:03,859
{n8}Pearlman was picked up in Indonesia
Thursday and turned over to the FBI.
411
00:24:07,988 --> 00:24:10,532
Three days after I came back
from Bali,
412
00:24:11,408 --> 00:24:13,994
woke up 6:45 in the morning
to a call saying,
413
00:24:14,077 --> 00:24:18,039
"Michael Johnson,
this is Agent Scott Skinner from the FBI."
414
00:24:18,123 --> 00:24:20,417
"We've arrested Lou Pearlman in Bali,
415
00:24:20,500 --> 00:24:23,044
and he was under the name
Incognito Johnson."
416
00:24:23,628 --> 00:24:24,796
I'm Michael Johnson.
417
00:24:24,880 --> 00:24:28,300
He registered as Incognito Johnson
because we were on my credit card.
418
00:24:28,383 --> 00:24:31,094
Through that,
the investigation was tied back to me.
419
00:24:31,928 --> 00:24:34,347
I had depositions of ten hours.
420
00:24:35,307 --> 00:24:37,058
I mean, it was just horrible. I...
421
00:24:37,142 --> 00:24:41,605
And the person that interviewed me,
Agent Skinner,
422
00:24:42,439 --> 00:24:46,234
he was just very harsh,
and I felt like I'd done something,
423
00:24:46,318 --> 00:24:47,694
and I... and I hadn't.
424
00:24:48,820 --> 00:24:51,364
Lou never involved me
in any of that stuff.
425
00:24:54,910 --> 00:24:56,536
Yes, I'm guilty
426
00:24:57,537 --> 00:25:00,582
of making a profit
after taking a huge risk,
427
00:25:00,665 --> 00:25:03,668
and I'm guilty
of making multi-millionaires
428
00:25:03,752 --> 00:25:06,338
out of a whole bunch of young singers too.
429
00:25:06,421 --> 00:25:08,548
I don't think that makes me a bad person.
430
00:25:14,179 --> 00:25:16,181
When Lou Pearlman was caught,
431
00:25:17,182 --> 00:25:20,018
I felt relieved and glad
that they found him.
432
00:25:21,645 --> 00:25:22,645
Happy.
433
00:25:23,438 --> 00:25:25,649
When Lou was caught,
the cop in me cheered.
434
00:25:25,732 --> 00:25:28,193
You know, like, "I can't believe
you did this to people."
435
00:25:28,276 --> 00:25:31,029
"I can't believe that
I'm somehow associated with that."
436
00:25:31,863 --> 00:25:33,365
He betrayed the family.
437
00:25:35,992 --> 00:25:37,202
Lou was a snake.
438
00:25:37,702 --> 00:25:40,997
He was so busy seeing the shiny objects
439
00:25:41,081 --> 00:25:43,124
that he didn't see who he hurt.
440
00:25:43,792 --> 00:25:46,211
Several investors say
Pearlman would remind them
441
00:25:46,294 --> 00:25:48,547
he ran a major entertainment empire.
442
00:25:48,630 --> 00:25:51,925
I'm going to be doing this contract
with Michael Jackson.
443
00:25:52,759 --> 00:25:56,221
These broken promises
left the Caesars devastated.
444
00:25:56,304 --> 00:26:00,892
We don't know where the next dollar
is going to come from.
445
00:26:01,977 --> 00:26:03,562
We don't have any other money.
446
00:26:06,106 --> 00:26:09,067
If I went to sleep tonight
and didn't wake up,
447
00:26:09,150 --> 00:26:10,610
I'm fine with that
448
00:26:11,152 --> 00:26:13,613
because at least I can find some peace.
449
00:26:15,282 --> 00:26:17,867
But three years before
federal agents stormed into
450
00:26:17,951 --> 00:26:20,203
Lou Pearlman's entertainment empire,
451
00:26:20,287 --> 00:26:24,165
{n8}then Assistant State Attorney General
Jackie Dowd had been hot on the trail
452
00:26:24,249 --> 00:26:26,126
of another Pearlman company.
453
00:26:26,209 --> 00:26:29,921
- You felt you had a case.
- I very strongly felt I had a case.
454
00:26:30,005 --> 00:26:31,165
According to Dowd,
455
00:26:31,214 --> 00:26:34,509
the state had 2,000 complaints
from consumers who felt misled
456
00:26:34,593 --> 00:26:38,471
by Pearlman's model scouting company,
Trans Continental Talent,
457
00:26:38,555 --> 00:26:42,517
but Dowd says just when she was ready
to file a massive consumer fraud case,
458
00:26:42,601 --> 00:26:44,060
she was forced to resign,
459
00:26:44,769 --> 00:26:47,230
{n8}and several months later,
the Attorney General's office
460
00:26:47,314 --> 00:26:50,483
{n8}shut down the investigation
and cleared the company.
461
00:26:52,152 --> 00:26:55,071
A lot of people thought
that investigation was dismissed
462
00:26:55,655 --> 00:26:58,867
because of Lou's relationship
with certain people, okay?
463
00:26:59,868 --> 00:27:02,120
That's as far as I'm gonna go with that.
464
00:27:03,872 --> 00:27:06,416
You know, there were rumors
that he had relationships
465
00:27:06,499 --> 00:27:10,378
with the Attorney General
of the state of Florida at the time.
466
00:27:10,962 --> 00:27:12,762
A federal lawsuit filed
this week
467
00:27:12,797 --> 00:27:15,175
accused Crist of not doing his job then
468
00:27:15,258 --> 00:27:17,594
and claims that investigation
could have uncovered
469
00:27:17,677 --> 00:27:20,430
the Pearlman savings program in 2004.
470
00:27:21,556 --> 00:27:25,352
But ultimately,
the suit against Crist was thrown out.
471
00:27:32,317 --> 00:27:33,818
It's such a great honor
472
00:27:33,902 --> 00:27:36,404
to have right here in our hometown
473
00:27:36,488 --> 00:27:39,115
probably the number one sheriff
in the United States.
474
00:27:39,991 --> 00:27:41,701
People will do anything
for fame.
475
00:27:42,577 --> 00:27:46,956
But people will do almost anything
for the proximity to somebody famous.
476
00:27:47,040 --> 00:27:48,958
Whatever we have to do
477
00:27:49,042 --> 00:27:51,544
to get him re-elected
over and over again, brother,
478
00:27:51,628 --> 00:27:52,796
we'll do it!
479
00:27:53,922 --> 00:27:57,133
And Lou used that to bring in
more and more investment.
480
00:27:58,343 --> 00:28:05,266
Everything he'd always been doing,
it was always a front for investment.
481
00:28:05,350 --> 00:28:06,601
Graphic depictions...
482
00:28:06,685 --> 00:28:09,562
It snowballed
over 40-something years,
483
00:28:09,646 --> 00:28:11,690
and it had different heads,
484
00:28:11,773 --> 00:28:14,067
but the heart of it was always the same.
485
00:28:20,073 --> 00:28:21,825
On the federal level,
486
00:28:21,908 --> 00:28:25,954
the case against Lou was brought by
the District Attorney's office in Orlando.
487
00:28:27,288 --> 00:28:29,999
Seems to me that
it was pretty quick from indictment
488
00:28:30,083 --> 00:28:33,378
to him negotiating
and entering a plea of guilty.
489
00:28:35,255 --> 00:28:37,507
I was very happy
that he pled guilty
490
00:28:37,590 --> 00:28:40,552
because the way he was
and the way his personality was,
491
00:28:40,635 --> 00:28:42,887
you know, you kind of thought
he would go down fighting.
492
00:28:44,305 --> 00:28:47,183
You know, there were investors
who came to the sentencing
493
00:28:47,267 --> 00:28:50,186
and talked about
how he had ruined their lives.
494
00:28:50,270 --> 00:28:53,773
There was no remorse, nothing.
I... I don't understand people like that.
495
00:28:53,857 --> 00:28:55,942
You don't expect to see a penny back?
496
00:28:56,025 --> 00:28:57,025
No, not at all.
497
00:28:57,569 --> 00:29:00,572
Lawyers who packed
today's Lou Pearlman hearing
498
00:29:00,655 --> 00:29:02,782
circled like sharks afterward.
499
00:29:02,866 --> 00:29:06,327
Each wants his client
at the top of the payback list.
500
00:29:06,411 --> 00:29:08,955
{n8}I do feel confident
that he has, uh, money.
501
00:29:09,038 --> 00:29:14,043
{n8}Uh, but, uh, if I had the ability to prove
that he had money I'd have already got it.
502
00:29:15,211 --> 00:29:19,007
I was on the front row,
and Pearlman turned around.
503
00:29:19,090 --> 00:29:20,800
He's kind of ashen-looking.
504
00:29:21,301 --> 00:29:23,762
I said, "You should've paid me,
you asshole."
505
00:29:25,555 --> 00:29:28,391
I wanted to be there
when the hammer came down.
506
00:29:30,477 --> 00:29:33,396
{n8}Lou Pearlman sentenced today
for defrauding banks and investors.
507
00:29:33,480 --> 00:29:36,274
The judge handed down
a 25-year prison sentence,
508
00:29:36,357 --> 00:29:40,153
but Pearlman can have a month reduced
for each million he pays back.
509
00:29:41,488 --> 00:29:44,157
The Federal District Judge
told Mr. Pearlman,
510
00:29:44,657 --> 00:29:47,994
"For every million dollars
you can turn over to the government,
511
00:29:48,077 --> 00:29:51,581
I'll reduce your sentence by a month."
512
00:29:52,165 --> 00:29:54,167
In essence,
you can buy your way out of prison.
513
00:29:55,543 --> 00:29:59,839
His sentence was 25 years,
which is unheard of.
514
00:29:59,923 --> 00:30:03,426
Murderers don't get 25 years,
and this was a financial crime.
515
00:30:03,510 --> 00:30:05,261
They would've hung him if they could.
516
00:30:09,182 --> 00:30:10,391
I never thought
517
00:30:10,475 --> 00:30:13,061
Lou was going to meet
any sort of consequence.
518
00:30:13,561 --> 00:30:16,689
I thought when he went to prison,
he was going to be out fast.
519
00:30:19,609 --> 00:30:22,445
I was so confused
when Lou went to prison.
520
00:30:23,112 --> 00:30:28,451
The emotion of it, it's still cloudy,
you know, it's still cloudy for me.
521
00:30:32,038 --> 00:30:33,456
I never went to go see him.
522
00:30:33,957 --> 00:30:36,376
I never saw him in jail.
I didn't go visit him.
523
00:30:38,127 --> 00:30:39,587
There was no contact from me.
524
00:30:41,631 --> 00:30:45,510
I knew I needed to separate myself
from the situation, so I didn't call him.
525
00:30:46,719 --> 00:30:47,720
That was it.
526
00:30:51,307 --> 00:30:53,685
I still had
that feeling of friendship,
527
00:30:53,768 --> 00:30:58,273
but at the same time,
I was kind of glad he was where he was.
528
00:31:00,024 --> 00:31:01,317
Did you visit him?
529
00:31:01,818 --> 00:31:03,018
Uh, well, they wouldn't let me
530
00:31:03,069 --> 00:31:06,364
because I had some, uh,
legal problems myself at the time.
531
00:31:06,447 --> 00:31:09,826
So they, actually...
I tried to, and they kept denying me.
532
00:31:10,368 --> 00:31:13,913
But when he was in prison,
a guy named Peter contacted me.
533
00:31:13,997 --> 00:31:16,833
He was telling me they loved Lou.
They loved him in jail.
534
00:31:19,836 --> 00:31:22,463
Ex-wife would always say,
"You have an evil laugh."
535
00:31:22,547 --> 00:31:24,632
I'd go...
536
00:31:24,716 --> 00:31:26,843
I was like,
"You don't know what's going on."
537
00:31:29,053 --> 00:31:31,890
I knew the Lou Pearlman
that was in the real world,
538
00:31:31,973 --> 00:31:34,142
and I knew the Lou Pearlman in prison.
539
00:31:35,184 --> 00:31:38,021
Right around 2000,
I met Lou in his office.
540
00:31:38,104 --> 00:31:41,691
He was very down-to-earth,
great guy, and we hit it off right away.
541
00:31:43,067 --> 00:31:45,528
We were gonna do the deal
with the Church Street Station.
542
00:31:45,612 --> 00:31:46,863
I met the owners.
543
00:31:46,946 --> 00:31:51,451
And then, unfortunately, I got arrested.
544
00:31:51,534 --> 00:31:58,374
I was arrested for RICO, mail fraud,
bank fraud, and conspiracy to all those.
545
00:32:00,251 --> 00:32:04,380
I was in county jail awaiting sentencing,
and I opened up the newspaper,
546
00:32:04,464 --> 00:32:09,302
and I see, right on the front page,
him getting on a plane with shackles.
547
00:32:09,385 --> 00:32:12,889
I'm like, "Oh my God,
if he actually goes to prison,
548
00:32:13,473 --> 00:32:15,642
we can hang out together. It'd be great."
549
00:32:17,310 --> 00:32:20,313
So I'm sitting at lunch,
and I look outside,
550
00:32:21,064 --> 00:32:23,274
and I said, "My God, that's Lou!"
551
00:32:23,358 --> 00:32:24,901
I ran out of the chow hall.
552
00:32:24,984 --> 00:32:26,569
I walked over to him,
553
00:32:26,653 --> 00:32:30,073
and he was like, "Oh my God, Peter.
What are you doing here?"
554
00:32:31,074 --> 00:32:32,408
This call is from...
555
00:32:32,492 --> 00:32:33,534
Lou Pearlman.
556
00:32:33,618 --> 00:32:36,079
...an inmate at a federal prison.
557
00:32:36,162 --> 00:32:38,957
I have hundreds of missed calls
and voicemails
558
00:32:39,040 --> 00:32:40,708
from when Lou would call me from prison.
559
00:32:40,792 --> 00:32:43,419
- So, how are you?
- I'm doing great, buddy.
560
00:32:43,503 --> 00:32:46,464
I'm walking up by the track,
doing my thing, and...
561
00:32:47,048 --> 00:32:49,008
A number of times he got beat up
562
00:32:49,968 --> 00:32:51,552
trying to, like, rat people out
563
00:32:51,636 --> 00:32:53,739
and, like, trying to get deals
for ratting people out,
564
00:32:53,763 --> 00:32:54,883
and he'd get beat up for it.
565
00:32:54,931 --> 00:32:55,765
Hello?
566
00:32:55,848 --> 00:32:58,327
- Mikey Mike. What's happening?
- How's it going?
567
00:32:58,351 --> 00:33:00,788
It's going good. Chilling out,
doing my thing, you know.
568
00:33:00,812 --> 00:33:02,522
I got your email, it says
569
00:33:02,605 --> 00:33:04,899
you have some meetings
coming up with your lawyers?
570
00:33:04,983 --> 00:33:05,858
Yep.
571
00:33:05,942 --> 00:33:07,318
He didn't have any lawyers.
572
00:33:09,112 --> 00:33:10,863
So it looks really, really good.
573
00:33:10,947 --> 00:33:11,947
Right.
574
00:33:13,157 --> 00:33:16,202
I would always know
that most of what he's saying is not true.
575
00:33:16,285 --> 00:33:18,454
So he's, like, just making up
all this stuff
576
00:33:18,538 --> 00:33:21,791
in this, like, fantasy world
that he built for himself in prison.
577
00:33:22,917 --> 00:33:26,921
And I never got a sense,
in talking with him or visiting with him,
578
00:33:27,005 --> 00:33:29,549
that he felt
that he deserved to be in prison.
579
00:33:30,216 --> 00:33:31,843
It was frustrating.
580
00:33:31,926 --> 00:33:33,553
He just never copped to it.
581
00:33:40,643 --> 00:33:46,274
I personally believe
that Lou wanted to handle the situation
582
00:33:46,357 --> 00:33:47,775
by paying his investors back
583
00:33:48,317 --> 00:33:52,739
because I feel, in his mind,
he wasn't doing anything wrong.
584
00:33:55,491 --> 00:33:58,369
{n8}I don't think he ever had
any intention to pay anyone back,
585
00:33:58,453 --> 00:34:00,955
{n8}and I don't think
he would have ever been able to.
586
00:34:01,039 --> 00:34:02,540
I mean, he spent the money.
587
00:34:03,750 --> 00:34:08,171
At the end of the day, I believe
everybody would have been made whole.
588
00:34:08,755 --> 00:34:11,174
You know, time.
He needed a little bit more time.
589
00:34:12,592 --> 00:34:15,511
Everybody believed he really had
all this money buried somewhere,
590
00:34:15,595 --> 00:34:17,555
of which nobody found.
591
00:34:17,638 --> 00:34:19,348
I don't believe it was true.
592
00:34:19,432 --> 00:34:23,478
He never did account for
about 125 million dollars.
593
00:34:23,561 --> 00:34:27,648
But keep in mind,
we all had tried to estimate what it was
594
00:34:27,732 --> 00:34:31,277
based on his financial bank statements
and tax returns
595
00:34:31,360 --> 00:34:33,863
that we know were all false.
596
00:34:33,946 --> 00:34:37,909
I mean, so, you know,
it could have been a billion dollars.
597
00:34:39,327 --> 00:34:44,082
He told me that he had two and a half to
three billion in the Cook Islands hidden,
598
00:34:44,165 --> 00:34:45,625
that no one will ever get to.
599
00:34:47,794 --> 00:34:51,380
Criminals don't understand
that criminals lie to each other.
600
00:34:51,464 --> 00:34:55,426
They backstab each other
because this one wants what that one has.
601
00:34:55,510 --> 00:34:59,222
That one wants what this one has,
and they just play this song and dance
602
00:34:59,305 --> 00:35:02,600
until somebody goes to jail,
somebody gets caught, somebody dies.
603
00:35:07,605 --> 00:35:10,358
"This document originated from
a correctional facility."
604
00:35:10,441 --> 00:35:12,401
That's always nice on a piece of mail.
605
00:35:13,236 --> 00:35:15,738
He wrote me several letters
while he was in jail.
606
00:35:16,489 --> 00:35:18,825
"Hi, babe. I'm still doing my thing."
607
00:35:18,908 --> 00:35:20,868
"It's crazy being in a medium prison
608
00:35:20,952 --> 00:35:23,663
with life-sentenced inmates
and drug dealers."
609
00:35:24,247 --> 00:35:27,875
"I've also been getting
tons of rappers auditioning."
610
00:35:28,876 --> 00:35:32,088
And he's got a helicopter
flying over the Orange County Jail
611
00:35:32,171 --> 00:35:33,047
to break him out.
612
00:35:38,719 --> 00:35:41,931
One day, I'm in the chow hall,
and I said, "Where's Lou?"
613
00:35:42,765 --> 00:35:45,601
So I talked to one of the officers.
"We took him to the hospital."
614
00:35:45,685 --> 00:35:46,936
I said, "Oh my God."
615
00:35:47,645 --> 00:35:50,148
He got an infection around his heart
616
00:35:50,815 --> 00:35:53,192
because he had had a valve replacement.
617
00:35:53,276 --> 00:35:57,280
He agreed to go into a voluntary coma
618
00:35:57,363 --> 00:36:00,950
so he could have the operation
to replace the heart valve,
619
00:36:01,826 --> 00:36:03,286
and he didn't make it.
620
00:36:05,413 --> 00:36:07,333
Lou Pearlman,
the disgraced star-maker
621
00:36:07,373 --> 00:36:09,625
behind *NSYNC and the Backstreet Boys
622
00:36:10,293 --> 00:36:11,419
has died in prison.
623
00:36:12,044 --> 00:36:14,255
{n8}Some of Pearlman's former boy band members
624
00:36:14,338 --> 00:36:16,257
{n8}took to social media
to pay their respects.
625
00:36:16,340 --> 00:36:17,884
{n8}Justin Timberlake tweeted
626
00:36:17,967 --> 00:36:21,512
{n8}that he hoped Pearlman had
"found some peace."
627
00:36:22,263 --> 00:36:25,516
{n8}Everybody really trusted him,
and loved him and believed in him.
628
00:36:25,600 --> 00:36:28,561
{n8}But... it was all a facade.
629
00:36:29,770 --> 00:36:31,564
He hurt a lot of us, you know.
630
00:36:32,231 --> 00:36:37,570
♪ Happy anniversary Donna and Johnny... ♪
631
00:36:38,779 --> 00:36:40,781
I wanted to tell him
how I felt, but...
632
00:36:41,449 --> 00:36:43,117
I didn't get that chance.
633
00:36:44,911 --> 00:36:46,913
I was in the studio
producing a band.
634
00:36:46,996 --> 00:36:49,207
And I remember
just being at the mixing board
635
00:36:49,957 --> 00:36:51,959
and everything just going white.
636
00:36:53,461 --> 00:36:55,546
And I was like, "It's over."
637
00:36:57,632 --> 00:37:00,301
I remember calling the coroner
a couple days later
638
00:37:00,384 --> 00:37:01,844
and he was like, "Man."
639
00:37:01,928 --> 00:37:04,305
"I was starting to wonder
what to do with his body
640
00:37:04,388 --> 00:37:05,932
'cause nobody has contacted me."
641
00:37:06,599 --> 00:37:08,935
And the next week or so
was a roller coaster
642
00:37:09,018 --> 00:37:11,020
of trying to get ahold of Art Garfunkel,
643
00:37:11,103 --> 00:37:15,233
and he wouldn't claim the body either,
and it was just this whole circus.
644
00:37:16,817 --> 00:37:18,569
There was only a couple of us
645
00:37:19,111 --> 00:37:23,241
that was trying to get his body
back up to New York.
646
00:37:25,743 --> 00:37:29,830
{n8}Eventually, Lou ended up
in the family plot in New York,
647
00:37:29,914 --> 00:37:32,041
{n8}and only five people went to the funeral.
648
00:37:34,543 --> 00:37:38,506
And there's no stone marking
where he's buried in the cemetery.
649
00:37:40,383 --> 00:37:41,884
Like a... a forgotten person.
650
00:37:45,930 --> 00:37:47,306
When somebody dies,
651
00:37:47,890 --> 00:37:51,269
I'm not the person to say
he deserved to die or something.
652
00:37:51,352 --> 00:37:52,353
I'm not that person.
653
00:37:53,771 --> 00:37:55,690
Because everybody deserves to live.
654
00:38:09,954 --> 00:38:12,081
♪ Ha-ha-ha-ha ♪
655
00:38:14,834 --> 00:38:16,377
♪ I may run and hide ♪
656
00:38:16,502 --> 00:38:18,754
{n8}♪ When you're screaming my name ♪
657
00:38:18,838 --> 00:38:19,839
{n8}♪ All right ♪
658
00:38:23,884 --> 00:38:25,303
♪ But let me tell you now... ♪
659
00:38:25,386 --> 00:38:30,057
We truly owe, not everything,
but we do owe a lot to Lou.
660
00:38:30,141 --> 00:38:31,581
Thirty years is a long time.
661
00:38:31,642 --> 00:38:34,687
And that's why I wanna start by saying
thank you, all you guys,
662
00:38:34,770 --> 00:38:36,480
for helping us create our legacy.
663
00:38:36,564 --> 00:38:39,317
But we've been the ones to continue this
664
00:38:39,400 --> 00:38:42,153
by having loyalty to each other
665
00:38:42,236 --> 00:38:45,781
and a commitment
to see this thing through until it's over.
666
00:38:55,333 --> 00:38:58,127
You guys are pop personified,
so to receive this
667
00:38:58,210 --> 00:39:03,382
from your golden pop hands is...
It's... it's too much.
668
00:39:10,056 --> 00:39:13,225
I think
we should remember Lou as a crook
669
00:39:13,768 --> 00:39:17,146
who got what he deserved in the end,
670
00:39:17,229 --> 00:39:20,483
and there are people
that are still in pain and hurting
671
00:39:20,566 --> 00:39:22,026
because of his actions.
672
00:39:23,486 --> 00:39:25,404
But at the same time,
673
00:39:25,488 --> 00:39:28,741
there was a crazy explosion of culture
674
00:39:28,824 --> 00:39:34,246
that started in Orlando, Florida,
with an idea.
675
00:39:39,043 --> 00:39:42,004
My feelings on Lou Pearlman
create quite a duality.
676
00:39:42,505 --> 00:39:45,966
How do I feel this way about
this one individual
677
00:39:46,050 --> 00:39:48,135
that really took a lot
from a lot of people,
678
00:39:49,011 --> 00:39:51,514
but also gave so much
679
00:39:51,597 --> 00:39:55,518
to millions all over the world
still to this day.
680
00:39:57,436 --> 00:40:00,815
In general, I think that no one has
anything bad to say about Lou.
681
00:40:00,898 --> 00:40:01,732
Nobody?
682
00:40:01,816 --> 00:40:04,235
Nobody. Except maybe people
that lost money
683
00:40:04,318 --> 00:40:06,529
have to say
he's the worst guy in the world,
684
00:40:06,612 --> 00:40:09,240
but, uh, you couldn't have
a better friend.
685
00:40:10,699 --> 00:40:11,951
Lou was amazing.
686
00:40:12,576 --> 00:40:16,122
And he was as dishonest
as everybody else on this planet.
687
00:40:18,958 --> 00:40:20,292
It's not worth hating him.
688
00:40:22,294 --> 00:40:24,004
In my estimation,
689
00:40:24,505 --> 00:40:27,508
I think he's nothing more
than a fraudster, a scam artist.
690
00:40:28,008 --> 00:40:30,845
He was a full-time fraud
691
00:40:31,554 --> 00:40:34,682
from the time he got up
until the time he went to bed at night.
692
00:40:35,182 --> 00:40:37,143
And so, I guess in some regard,
693
00:40:37,226 --> 00:40:40,354
he was a genius
to be able to keep doing it.
694
00:40:44,233 --> 00:40:48,779
In all of this,
there is the success on a level
695
00:40:48,863 --> 00:40:52,199
that has never been seen
in pop music history.
696
00:40:53,784 --> 00:40:59,540
But the fact that all of this
was financed by people's life savings
697
00:41:01,000 --> 00:41:02,418
is disgusting.
698
00:41:05,254 --> 00:41:08,299
And it's only now
that I can look back at that,
699
00:41:09,300 --> 00:41:11,302
and that's the fucking monster...
700
00:41:19,226 --> 00:41:21,353
That's the monster
that was my best friend.
701
00:41:25,566 --> 00:41:27,818
When you help people
as a way of life,
702
00:41:27,902 --> 00:41:29,361
they tend to pass it on.
703
00:41:30,112 --> 00:41:33,407
That is the greatest thing
about doing what I do.
704
00:41:35,159 --> 00:41:36,702
Suppose I came to you
705
00:41:36,785 --> 00:41:39,455
when you were an aspiring singer
trying to make ends meet,
706
00:41:40,039 --> 00:41:44,293
and I told you I was willing to invest
three million dollars to make you a star.
707
00:41:44,376 --> 00:41:47,838
If it all works out,
you'll make 10 to 20 million,
708
00:41:47,922 --> 00:41:49,882
and I'll make 20 to 50 million.
709
00:41:50,674 --> 00:41:53,427
Does that sound like a good deal to you?
61261
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