Danbury Man Sentenced to 3 Years in Federal Prison for Defrauding Investors

Danbury Man Sentenced to 3 Years in Federal Prison for Defrauding Investors

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced IAN PARKER BICK, 21, of Danbury, was sentenced today by U.S. District Judge Jeffrey Alker Meyer in New Haven to 36 months of imprisonment, followed by three years of supervised release, for defrauding investors of approximately $480,000.  Judge Meyer ordered BICK to serve the first one year of his supervised release in home confinement.

On November 25, 2015 a jury found BICK guilty on six counts of wire fraud and one count of money laundering.

According to the evidence at trial, BICK was a principal and/or managing member of various Danbury-based entities, including This Is Where It’s At Entertainment, LLC, Planet Youth Entertainment, W&B Wholesale, LLC, and W&B Investments, LLC.  Using these entities, BICK solicited investment funds from his friends, former classmates, acquaintances, and their parents by promising high investment returns over relatively short periods of time.  BICK falsely represented to victim-investors that he could generate the high investment returns by using their funds to purchase electronics and electronic devices, such as iPhones, tablets and head phones, and by reselling the items for a substantial profit via the Internet.  However, the electronic resale business never actually began in earnest and did not return any meaningful profit.  BICK also falsely represented to certain victim-investors that he could generate high investment returns by using their funds to organize and promote concerts at various venues in Connecticut and Rhode Island.  BICK falsely represented that he had made significant profits organizing and promoting concerts in the past.

BICK failed to invest the funds he received as he had represented and instead used invested funds for unrelated and unsuccessful businesses, and to pay personal expenses, including hotel stays and to purchase jet skis.  BICK also used invested funds to issue payments, purportedly as “interest payments” and as “return of principal,” to certain victim-investors.

Through this scheme, BICK defrauded more than 15 investors out of a total of $480,635.  Judge Meyer ordered BICK to make full restitution to his victims.

BICK has been detained since October 4, 2016, when his bond was revoked.

This matter was investigated by the Federal Bureau of Investigation, Internal Revenue Service – Criminal Investigation Division and U.S. Postal Inspection Service, with the assistance of the Connecticut Department of Banking, Danbury Police Department and Hartford Police Department.  The case was prosecuted by Assistant U.S. Attorneys Michael S. McGarry and Christopher W. Schmeisser.

Citizens are encouraged to report any financial fraud schemes by calling, toll free, 855-236-9740, or by sending an email to

Ian Bick Net Worth – How Much Is Ian Bick Worth?

Welcome to our article on Ian Bick’s net worth! In this piece, we will explore the biography, career, earnings, assets, salary, investments, financials, and achievements of Ian Bick. As of 2023, Ian Bick’s net worth is estimated to be $13 million.

Key Takeaways:

  • Ian Bick is a successful entrepreneur in the nightclub industry.
  • He gained notoriety for his involvement in a Ponzi scheme that defrauded investors.
  • Despite his past mistakes, Ian now inspires others through his podcast and shares valuable lessons about overcoming adversity.
  • His net worth is $13 million as of 2023.
  • Stay tuned as we delve deeper into Ian Bick’s journey and explore his career achievements.

Early Success in the Nightclub Industry

At just 19 years old, Ian Bick made waves in the nightclub industry by becoming the owner and operator of Tuxedo Junction, a popular nightclub in Danbury. Known for its vibrant atmosphere and exciting live music events, Tuxedo Junction quickly became a hotspot for partygoers and music enthusiasts alike. Ian’s passion for creating unforgettable experiences propelled his nightclub to new heights.

The success of Tuxedo Junction can be attributed to Ian’s keen understanding of the live music industry. By booking top-notch acts and curating diverse lineups, he attracted thousands of people who were eager to dance the night away to their favorite tunes. The nightclub industry, with its electrifying energy and dynamic performances, served as the perfect platform for Ian Bick’s entrepreneurial spirit to thrive.

Ian’s early triumphs in the nightclub industry laid the groundwork for his future endeavors. The experience and knowledge gained from running Tuxedo Junction equipped him with invaluable insights, setting him apart from his peers. His ability to create a captivating atmosphere and deliver exceptional live music experiences played a significant role in shaping his future career.

Ian Bick’s Financial Journey

Ian Bick’s financial journey took a negative turn when he found himself drowning in debt due to his desire to maintain a luxurious lifestyle. Faced with financial problems, he made the unfortunate decision to engage in fraudulent activities using a Ponzi scheme.

The Ponzi scheme that Ian Bick devised preyed on the vulnerability of investors seeking high profits. Promising unrealistic returns, he lured in unsuspecting individuals and used their funds to pay off debts accumulated from previous investments, perpetuating a cycle of deceit.

This deceitful method eventually caught up with Ian Bick, leading to his downfall and the exposure of his fraudulent activities.

Unfortunately, the consequences of his actions extended beyond financial ruin. Ian Bick’s reputation was severely tarnished, and he faced legal repercussions for his involvement in the Ponzi scheme.

Reflecting on his past mistakes, Ian Bick now aims to create awareness about the dangers of falling into the trap of financial desperation. Through his experiences, he emphasizes the importance of ethical financial practices and the need for individuals to seek genuine solutions to overcome financial hardships.

This inspiring journey serves as a testament to the power of personal growth and the potential for positive change. Ian’s determination to overcome adversity and reshape his path showcases the resilience of the human spirit.

Throughout his rehabilitation process, Ian Bick began acquiring invaluable insights and experiences that he now shares with others. He believes in the transformative power of personal growth and seeks to inspire individuals to embrace positive change in their own lives.

Rebuilding from the Ground Up

Central to Ian’s rehabilitation was the opportunity to start fresh. By beginning with a job at a local grocery store, he reestablished a sense of normalcy and stability. Working alongside others, he discovered the satisfaction of fulfilling responsibilities and contributing to society.

This powerful step demonstrated Ian’s commitment to personal growth. It showcased his determination to move past his past mistakes and reintegrate into society as a productive member. Ian’s story serves as an inspiration to others who face challenges and strive to rebuild their lives.

Finding the Perfect Hy-Vee Near Me

Taylor Swift You Belong with Me – Unraveling the Anthem of Unrequited Love

Leave a Reply

Your email address will not be published. Required fields are marked *