DANBURY, Conn. -- A 19-year-old Danbury High graduate arrested earlier this year on federal charges of running a $500,000 Ponzi scheme, is facing new legal troubles, according to the News-Times website .
Ian Bick, who is free on bond, must close Tuxedo Junction, his downtown club, for 30 days due to alcohol violations, the News-Times said.
The club does not have a license to serve alcohol and has been cited three times in the past year, the News-Times said.
Bick is charged with:
- 11 counts of wire fraud, which carry a maximum term of 20 years in prison on each count;
- three counts of money laundering, which carry a maximum term of 10 years in prison on each count; and
- one count of making a false statement to federal law enforcement, which carries a maximum prison term of five years.
He is accused of using money from his investors for his own pleasure, including on hotel stays and jet skis. He is due to go to trial in the fall.
Click here to sign up for Daily Voice's free daily emails and news alerts.