Ian Parker Bick, Wire Fraud and Money Laundering, Connecticut 2015

Danbury, Connecticut – Ian Parker Bick, 21, of Danbury, was sentenced to 36 months of imprisonment, followed by three years of supervised release, for defrauding investors of approximately $480,000.

U.S. District Judge Jeffrey Alker 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.

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 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 defrauded more than 15 investors out of a total of $480,635.

Bick has been detained since October 4, 2016, when his bond was revoked.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 ctsecuritiesfraud@ic.fbi.gov.

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