Fla. investors sue Crist, state over Pearlman scam

TALLAHASSEE, Fla. (AP) - Gov. Charlie Crist and Florida financial regulators are being sued in Hillsborough County by investors claiming they should've been protected from boy band promoter Lou Pearlman's multimillion dollar scam.

The suit claims Crist, who was attorney general from 2002 to 2006, was slow to investigate Pearlman's investment schemes because the governor received $12,000 in campaign contributions from Pearlman.

The state sued Pearlman in December 2006, but the lawsuit claims Crist and regulators knew of his dealings as early as 2002.

Pearlman is serving a 25-year federal prison sentence after pleading guilty to running a $300 million investment scam.

The governor's office had no immediate response Tuesday.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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