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The Crimes And Mysteries Of Lou Pearlman

1086 words - 5 pages

So, if the fraud was proven in court and Pearlman was convicted, why is he still lying in his interviews? Is it an attempt to appear innocent in preparation of a “comeback”? Or is he just unable to decipher what is the truth and what are the lies he’s been telling himself and others? This degree of conviction to his greed and lies is more than the average person can handle, so it seems he copes by believing the lies he tells. Looking at his propensity for lying along with the possibility that he molested young boys and it becomes clear that there is definitely something mentally wrong with Lou Pearlman. He has major ego issues, helping convince himself that he is better than societies’ ...view middle of the document...

The programs should be accessible to the public and able to be sorted by type and region, allowing those wanting to make an investment, employee, or otherwise trust these people can be well informed. The program is similar to the way that one may search for sexual offenders within an online database. Something along this line exists, but in pieces through many government agencies. A central database compiling all the latest information would be more helpful to consumers.
The easiest way to prevent these crimes from happening is to run advertisements throughout all forms of media, including newspapers, social media, radio, and television, warning and reminding people to never give private information from any unsolicited phone calls, emails, or any other form of contact. The advertisements should also include information to the database to check-out people who consumers would potentially entrust with their money. These ads may be paid for by government money, sponsors, and/or run for free and providing those companies a small tax break. These advertisements should be targeted towards young children, the elderly, and young adults because these groups are each, in their own way, naïve or too trusting of others.
The most basic attempts to prevent these crimes is to continually raise awareness of them. The SEC has an “Investor Alerts and Bulletins” section of their website that sorts by year and category (Investor Alerts and Bulletins, 2008). The Investor Alerts and Bulletins website claims to offer, “Investor Alerts, focused on recent investment frauds and scams, and Investor Bulletins, focused on topical issues including recent Commission actions,” (2008). The FBI also provides an entire section of their website dedicated to “Common Fraud Schemes,” (2010). Through their website, the FBI provides a thorough description of the most common crimes and how to prevent yourself from victimization (Common Fraud Schemes, 2010). They also have information on their “Wanted by the FBI” for White Collar Crimes, giving names, faces, and a description of their crimes (2010).
In the future, consumers and investors will need to not only be aware of the potential for dealing with criminal, but also be active in researching prior to buying or investing in anything. Also, another way to prevent being taken advantage...

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