Lou Pearlman, known by some as the father of boy bands, was sentenced yesterday (5/21) to 25 years in prison for one of the largest investment frauds in Florida history, according to published reports.

Pearlman, who created and promoted 'NSync and the Backstreet Boys, reportedly has admitted stealing more than $300 million from banks and investors. The total of his fraud could be $500 million or more based on claims filed in bankruptcy court.

Pearlman's 25 year sentence is the maximum for his crimes. However, U.S. District Judge G. Kendall Sharp said for each $1 million the former music mogul returns to victims, he'll take one month off the sentence.