Idolator

Pervy boy-band impresario Lou Pearlman, whose trial on federal bank fraud charges is set for April, has told friends that he's thinking about copping a plea on those charges that would result in him going to the federal pen for up to 25 years. But that doesn't mean he'll be free from jail after that; charges related to the huge investment scheme that he ran through his company Trans Continental Airlines have yet to be filed, and that'll probably add to his sentence if he's found guilty. What's more interesting: The "friend" who told the St. Petersburg Times this little bit of news is now reselling Pearlman's possessions—which he bought at Pearlman's two bankruptcy auctions—on eBay, under the username a-v sales. Among the items on offer are an actual MTV Moonman (bidding currently at $560); other highlights—including an award bestowed upon Pearlman by Mikhail Gorbachev—after the jump. More »

Jay-Z might be starting his own label! He also might be turning into a blonde-haired, blue-eyed teen-pop star. "Now we hear Jay has been huddling with Reid's rival, Warner Music Group head Lyor Cohen, to talk about starting his own label - tentatively called the Carter Music Group. (Jay's real name is Aaron Carter.)" One can only imagine what kind of half-repressed horror stories about his days with Lou Pearlman are keeping Mr. Carter up at night. Let them out, Jay. For B's sake. [NY Daily News via Nah Right / Photo: Getty]