Source AP ©

Lou Pearlman loses his property in bankruptcy

Backstreet Boys and 'N Sync's creator is losing homes in Florida and New Jersey in bankruptcy proceedings.

A bankruptcy judge Thursday approved the $7.1 million sale of Lou Pearlman's homes.

Pearlman, 53, remains jailed after being indicted on three counts of bank fraud and single counts of mail and wire fraud.

Florida investigators allege that Pearlman 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.

Pearlman was arrested in June in Indonesia, where he was found staying at a posh hotel under an assumed name.

More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?

Venezuela may expect another Panama scenario from 1989
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