I Ran a Nightclub Ponzi Scheme at 19 | Fakes, Frauds & Scammers
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2 жыл бұрынAt just 19, Ian Bick became the owner of a nightclub and ran raves featuring some of the world's biggest acts. But by 21, he was facing prison for defrauding his investors out of nearly half a million dollars.
It turns out, instead of investing the money of friends and family, he was using it to pay off bad debts for previous failed ventures, and funding his own high-end lifestyle of holidays, limos, and designer clothes. That is, until the FBI turned up at his home in the dead of night, and everything began to unravel.
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@MalucoDivino 2 жыл бұрын
Taking money from investors to pay other investors was once previously called ponzi. Now it’s called startup!
@frostman9661 2 жыл бұрын
This really doesn't sound like a Ponzi scheme... It just sounds like a dumb business owner and dumb investors that didn't do their due diligence...
@sandeepgurung9950 Жыл бұрын
He has the guts . Only if there was any proper guidance, he would have been so successful at a very young age. Poor lad
@TacoStacks 2 жыл бұрын
So this all breaks down to Wiz's fault?
@HN-kk7vy 2 жыл бұрын
His smirk gives it away, he still thinks he’s the smartest guy in the room. Loves the attention.
@castelodomar846 2 жыл бұрын
People "invested" in what could best be described as a child and didn't do their due diligence, didn't ask to see the books, or any evidence of solvency. Fools quickly part with their money.
@Tina-mt9cl Жыл бұрын
Had he gotten someone knowledgeable to organize the paperwork & investments none of this would have been illegal.
@justr3d384 2 жыл бұрын
"There were nights where we made 10,000 or 20,000 dollars in profit, but then we had to pay for the artists and the rent of the place". Those, my friend, are not profit, are revenues... It doesn't take much to understand that you have to fill the bucket of costs before you can get something out of it.
@seanciftci6845 2 жыл бұрын
I like how he narrated the whole thing smiling
@swannyson8609 2 жыл бұрын
He looks like that one kid at school who'd lie about any and everything like "my dad drives a lamborghini and ferrari and is the ceo of Microsoft and apple" except he never grew up
@willgg9096 Жыл бұрын
Honestly anyone willing to invest in a literal teenager who is running a sketchy club business deserves to lose all the money they invested 😂😭
@foxroxy86 Жыл бұрын
I’m shocked that anyone gave him money. He should probably write a tell-all and sell the movie rights. Seems like an A24 film.
@theghettoracle 2 жыл бұрын
Well, I guess one good thing out all of this is he didn't pick up a cocaine habit. Way to go Ian.
@MIKEYC 2 жыл бұрын
I was an opening DJ booked here once and met Ian. Crazy we had no idea any of this was happening at the time!
@ianbickCT
Thanks for having me on!
@HaydenHatTrick Жыл бұрын
I've done enough in the startup scene to know this exact same behaviour runs among adults. The major mistake is both counting your chickens before they hatch and having no contingency should things go poorly. Additionally, if you do not have the support of someone who is already business savvy, take smaller steps.
@cherrygarcia5514 2 жыл бұрын
Taji should’ve done the interview
@Camila-tf6rc 2 жыл бұрын
I can’t believe no one talks about how terrible these artists are, they don’t show up and they trash the hotel that will cost thousands of dollars to repair. I know the teen is irresponsible and made a terrible mistake, but the artist is… some of them should definitely act more mature, professional, and responsible😫
@word42069 Жыл бұрын
Sad thing with people like this is that with better decisions and influences… they probably could have been successful and more importantly, legitimate.
@dynomantar9733 2 жыл бұрын
Nothing pissed me off more than when he justified blowing investor's $ on clothes by whining he'd "never worn a Gucci outfit." Idk how he lived 18 years without dripping gucci head to toe, he's lucky to be alive.