Ian Bick, the nightclub owner who was convicted on mail fraud and money laundering, charges awaits sentencing.

From an article in the ctpost.com, and according to an official court document, Ian Bick may have to pay up to $500,000 in restitution to individuals he swindled in a Ponzi scheme. On Tuesday, October 4, 2016 Judge Jeffery Meyer told Bick:

Mr. Bick, the party is over and you will be remanded at this time.

With Bick's $250,000 bond being revoked, he was placed in handcuffs and removed from the court. According to Assistant U.S. Attorney, Christopher W. Schmeisser, Bick continues to be "a danger to the public." Before the hearing on October 4, Bick had been working at Whole Foods to fund his court ordered restitution. Federal officials asked for the bond revocation because of Bicks 'willfull disregard' of his bond conditions.

The prosecutor claims there is enough factual information for the court to sentence Bick without any added testimony. Bick was found guilty during a jury trial of 6 counts of mail fraud and money laundering last fall and faces up to 8 years in prison. His sentencing is scheduled for October 26.

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