Boy band mogul Lou Pearlman, who launched Backstreet Boys and 'N Sync, was sentenced to 25 years in prison Wednesday for swindling investors and major U.S.banks out of more than US$300 million, in a news article that I read today. This guy provides a prominent example of a psychopath in action. He defrauded his family, his close friends and people in their 70s and 80s who have lost their life savings.
This quote from his cousin Lois Nevler says it all:
Lou Pearlman was robbing me of my savings, while smiling and saying everything was great, with full intent of what he was doing," she wrote. "Any human being that can intentionally do what he has done is a horrible, evil man, without a conscience and definitely without a soul.
Obviously, having managed such famous bands he should have been comfortably off financially and yet he carried on a scam for two decades, amassing more and more wealth at the expense of his victims. He set up two sham companies that existed only on paper and managed to attract investment even from banks, so clearly he was persuasive and convincing as many psychopaths are. I would think the percentage of psychopaths in the ranks of leading entrepreneurs would be well above the level in the general population.
The problem is that people will read about Lou Pearlman and dismiss him as an aberration, clinging to a belief that human beings are basically good and that there's only a few rotten apples amongst us. The reality is that maybe 5% of the apples are rotten, that's 1 in 20, and that is unsettling.
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