MUSIC NEWS: LOU PEARLMAN DEAD AT 62 (FOUNDER OF BACKSTREET BOYS & NSYNC)

Lou Pearlman, the disgraced star-maker behind 1990s boy bands *NSYNC and the Backstreet Boys, has died in prison, according to the Federal Bureau of Prisons.

The 62-year-old producer died Friday, according to the bureau's inmate data base. Pearlman had been serving a 25-year sentence at the Federal Correctional Institution in Texarkana, Texas, for running Ponzi and bank schemes. He was convicted in 2008 of fraud and swindling investors out of more than $300 million. In the mid-1990s he formed the iconic boy bands responsible for hits like "I Want It That Way" and "Quit Playing Games (with my Heart)" from the Backstreet Boys and "Bye Bye Bye," from *NSYNC. An official cause of death was not announced.