Prosecutors have said that the 53 year old will admit to running scams that have defrauded investors and major banks for more than 20 years, pleading guilty to two charges of conspiracy, money laundering and making false statements during a bankruptcy proceeding.
The charges carry a maximum of 25 years in prison and a £506,000 fine.
Pearlman apparently used his name to entice investors and banks to invest millions of dollars into two companies that "existed only on paper".
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