KEY POINTS:
The creator of the Backstreet Boys and 'N Sync has been indicted by a federal grand jury on charges he defrauded a bank out of US$20 million ($26.7 million) dollars.
Lou Pearlman, 53, was indicted on three counts of bank fraud, and single counts of mail and wire fraud for business with Evansville, Indiana-based Integra Bank N.A.
