Lou Pearlmanthe former manager for boy bands such as 'NSyncBackstreet Boys, and New Kids On The Block, is currently serving a 25-year sentence in federal prison for being behind a $500M Ponzi scheme. But he hasn't given up the ghost of his past success in the music industry. In his first interview since being locked up in 2009, Pearlman says that he has the ability to reenter the business and develop a star right now, even as he sits behind bars. "If I was given a chance to put another band together, that would have paid everybody back," Pearlman said. "I know if I was out there, we'd give One Direction a run for their money." In order to make it work, Pearlman asked the judge to permit him to have a telephone in jail, along with Internet access two days a week, but the judge denied the request.

Pearlman did watch 'NSync's reunion during the MTV Video Music Awards this past summer. "It was really nice, very touching," he said. "Justin, he matured, and some of the other guys just got a little older." Pearlman also denied allegations of sexually abusing his clients, a denial that was supported by 'NSync member Lance Bass. Bass went on to say that he has always believed that Pearlman is gay. Pearlman siad, "It didn't really bother me. I knew then that I was gay, so I kind of related to him in a way."

[via THR]

RELATED: The 30 Best Boy Band Songs
RELATED: 'NSync Just Joined Twitter
RELATED: The 25 Best Justin Timberlake Songs
RELATED: Justin Timberlake's Most Hip-Hop Moments