Joey Fatone once had to say “bye bye bye” to his electricity.
In a sneak peek of the next episode of ID’s new docuseries Boy Band Confidential, Fatone opened up about his financial situation after *NSYNC went on hiatus in 2002. The former boy bander, who also executive produces the show, revealed that he bought a 4-acre property with a 10,000-square-foot house during the group’s prime. Then, after the group disbanded, he nearly went bankrupt.
“Money was coming in. I asked my accountant, ‘Hey, are we good?’ ‘Yeah, we’re great,’” Fatone starts in the preview of the show. “He goes, ‘Your kids’ kids’ kids will be fine.’ Now, he was saying that as if money was probably still coming in.”
Unfortunately for Fatone, the cash flow stopped and he was left with his finances in shambles.
“You go 10 years later after that conversation, and when I go to a new accountant, I say, ‘Hey, man, can you look at my finances and what’s going on?’” Fatone continues. “And he goes, ‘You need to get out of that house or you’re gonna go bankrupt.’”
Fatone reveals that most people didn’t know that he was going through financial hardships. Then it all came to a head when his holiday celebrations suddenly got interrupted.
“This is where the low part was happening for me. There was one point during Christmas, they shut off the lights to my house ’cause I didn’t pay the bill,” Fatone admits, saying he was nearing bankruptcy and scared that the general public would find out.
“These are certain things that happen in normal people’s lives as well,” he says, also mentioning that he was married with two kids at the time. “But then, you have to figure out, for me, ‘How do I do this without the public even watching what’s going on?’”
At the end of the clip, Fatone shared that he reached out to people around him for financial assistance to no avail. “I was asking people for money. And funny enough, the people that I asked that mostly had the most money in life, they were like, ‘Can’t help you.’”
Boy Band Confidential takes a look at the boy band machine of the ’90s. Through interviews with *NSYNC’s Lance Bass, Backstreet Boys’ AJ McLean and Boyz II Men’s Wanya Morris and Shawn Stockman, the four-part docuseries exposes what life was truly like for boy band stars at the peak of their success and its aftermath. Boy Band Confidential began airing on Monday and will conclude on Tuesday night (April 14) at 9 p.m PT on ID. The four episodes will also be available to stream on HBO Max.
Watch the sneak peek below.
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