Danbury Teen Charged by Feds with Running Ponzi Scheme Says Tuxedo Junction Will Go On

Danbury teen nightclub owner Ian Bick told Patch Sunday evening that he could not comment on the recent allegations of running a Ponzi scheme, but wants people to know that his dream of finishing what he started at Tuxedo Junction is still alive and well.

“My lawyer spoke with NBC CT news today and there’s an interview being aired tonight. Besides that I really can’t comment on the case,” Bick said in a phone interview Sunday from Tuxedo Junction.

“I’m at the club now and we’re just trying to keep it going,” he told Patch.

Bick,19, was arrested Friday at his Danbury house Friday and was charged with fraud, money laundering and false statement offenses stemming from allegations that he ran a Ponzi scheme.

Deirdre M. Daly, United States Attorney for the District of Connecticut, said in a press release Friday that a federal grand jury sitting in New Haven returned a 15-count indictment charging Bick with fraud, money laundering and false statement offenses stemming from his alleged operation of Ponzi scheme.

According to the indictment, 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.”

According to reports, Bick allegedly solicited funds from his friends, former classmates, acquaintances, and their parents by promising high investment returns over short periods of time.

Bick defrauded over 15 investors out of nearly $500,000, prosecutors allege.

He entered a plea of not guilty and was released on a $250,000 bond. He was ordered not to have any contact with victims and witnesses, and not to use any of his social media accounts.

Bick has been charged with 11 counts of wire fraud, which carry a maximum term of imprisonment of 20 years on each count, three counts of money laundering, which carry a maximum term of imprisonment of 10 years on each count, and one count of making a false statement to federal law enforcement, which carries a maximum term of imprisonment of five years.

In an exclusive interview, the teen told NBC CT on Sunday: “The past couple days have been pretty crazy. I don’t think any 19-year-old, not that I know of, has experienced what I’ve experienced. I’ve been through a lot in my life and I’ve learned a lot through those experiences and every one of those bad experiences and good experiences has brought me to this point. So, it feels right in my heart this is what I should be doing, and it’s going to become very successful.”

Bick told Patch Sunday that he cannot comment any further on the case and that his attorney, Jonathan Einhorn is handling all legal issues and comments.

While he said he is uncertain about his future, his main focus now is keeping it “business as usual” at the club he owns, Tuxedo Junction.

Anyone with information on the case is asked to contact the FBI at 203-777-6311.

Click here to read more on NBC CT.

Photo: Tuxedo Junction club owner Ian Bick hangs from a pole at a sold out EDM show at his club. Dan Nelson Photography via Ian Bick’s Facebook

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