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.”