Pearlman In Florida Lockup

Lou Pearlman is back in Florida and under police custody after a global jaunt that took him from Europe to Indonesia to Guam to Orlando.

A federal judge July 11th ordered the creator of the Backstreet Boys and ‘Nsync to stay behind bars while attorneys prepare his case, lest the sometime airline operator take leg bail.

The U.S. Attorney’s Office opposed bail for Pearlman, saying he was a "serious flight risk." A detention hearing for Pearlman has not been scheduled, the Orlando Sentinel reported.

The former boy band impresario faces charges of defrauding a bank out of $20 million and will be represented by the federal public defender’s office, per his request.

He was indicted on three counts of bank fraud and single counts of mail and wire fraud for business he did with Evansville, Ind.-based Integra Bank N.A., according to court documents.

In addition to forming boy bands in the 1990s, Pearlman also dabbles in airplane charter, real estate, model scouting and restaurant ventures. He stands accused of fraudulently securing millions in bank loans with documents from a fake accounting firm.

Assets have been liquidated in two bankruptcy cases against Pearlman and his companies, and he has ignored court actions against him for months.

Florida investigators separately allege that he defrauded more than 1,000 individual investors out of more than $315 million. Several banks say he collectively owes them more than $120 million, according to bankruptcy court documents.