|Published:||Oct 15, 2010 3:17 PM EDT|
|Updated:||Oct 15, 2010 12:17 PM EDT|
ORLANDO, Fla. (AP) - A former colleague of disgraced music mogul Lou Pearlman has been sentenced to a year in prison for his role in an investment scheme that prosecutors say bilked investors out of millions of dollars.
Samuel Troncalli was sentenced Thursday and also ordered to pay about $2 million in restitution. He had pleaded guilty in July to a single count of mail fraud.
Pearlman, founder of the Backstreet Boys and 'N Sync, is serving a 25-year federal prison sentence for orchestrating one of Florida's largest Ponzi schemes.
He pleaded guilty to running a $300 million investment scam in connection with the sale of worthless stock and retirement-account investments in Trans Continental Airlines and Transcontinental Airlines Travel Services.
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