I Ran a $500K Ponzi Scheme at 19 | Fakes, Frauds & Scammers

submitted by Huzzaz on 11/24/21 1

At 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. Check out the VICE World News playlist for global reporting you won't find elsewhere: www.youtube.com/playlist?list=PLw613M86o5o4S3BXgi3bCiIVuopQxIMgV Watch more like this: How I Stole $2.8M as a Teenager www.youtube.com/watch?v=Fgkf7VGtZfY How We Staged a UFO Hoax www.youtube.com/watch?v=-cW8RsWNnKg My Wife Hired a Hitman So I Faked My Death www.youtube.com/watch?v=mpyQDo_VoaM Click here to subscribe to VICE: bit.ly/Subscribe-to-VICE About VICE: The Definitive Guide To Enlightening Information. From every corner of the planet, our immersive, caustic, ground-breaking and often bizarre stories have changed the way people think about culture, crime, art, parties, fashion, protest, the internet and other subjects that don't even have names yet. Browse the growing library and discover corners of the world you never knew existed. Welcome to VICE. Connect with VICE: Check out our full video catalog: bit.ly/VICE-Videos Videos, daily editorial and more: vice.com More videos from the VICE network: www.fb.com/vicevideo Click here to get the best of VICE daily: bit.ly/1SquZ6v Like VICE on Facebook: fb.com/vice Follow VICE on Twitter: twitter.com/vice Follow us on Instagram: instagram.com/vice The VICE YouTube Network: VICE: www.youtube.com/VICE MUNCHIES: www.youtube.com/MUNCHIES VICE News: www.youtube.com/VICENews VICELAND: www.youtube.com/VICELANDTV Broadly: www.youtube.com/Broadly Noisey: www.youtube.com/Noisey Motherboard: www.youtube.com/MotherboardTV VICE Sports: www.youtube.com/NOC i-D: www.youtube.com/iDmagazine Waypoint: www.youtube.com/WaypointVICE Click here to subscribe to VICE: bit.ly/Subscribe-to-VICE About VICE: The Definitive Guide To Enlightening Information. From every corner of the planet, our immersive, caustic, ground-breaking and often bizarre stories have changed the way people think about culture, crime, art, parties, fashion, protest, the internet and other subjects that don't even have names yet. Browse the growing library and discover corners of the world you never knew existed. Welcome to VICE. Connect with VICE: Check out our full video catalog: bit.ly/VICE-Videos Videos, daily editorial and more: vice.com More videos from the VICE network: www.fb.com/vicevideo Click here to get the best of VICE daily: bit.ly/1SquZ6v Like VICE on Facebook: fb.com/vice Follow VICE on Twitter: twitter.com/vice Follow us on Instagram: instagram.com/vice The VICE YouTube Network: VICE: www.youtube.com/VICE MUNCHIES: www.youtube.com/MUNCHIES VICE News: www.youtube.com/VICENews VICELAND: www.youtube.com/VICELANDTV Broadly: www.youtube.com/Broadly Noisey: www.youtube.com/Noisey Motherboard: www.youtube.com/MotherboardTV VICE Sports: www.youtube.com/NOC i-D: www.youtube.com/iDmagazine Waypoint: www.youtube.com/WaypointVICE

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