WPT Champion Dennis Blieden Pleads Guilty to Wire Fraud

The Division of Justice revealed on Friday that professional poker player Dennis Blieden had actually begged guilty to one matter of cord scams and one matter of exacerbated identification theft pertaining to the embezzlement of $22 million from social networks firm StyleHaul.

In a declaration, the United States Attorney’s Workplace for the Central Area of The golden state stated that Blieden was scheduled for a sentencing hearing on March 20, where he could confront 22 years in federal jail.

StyleHaul Funds Wired to Personal Accounts

According to the appeal arrangement, Blieden worked as the controller and vice head of state of accounting and also financing for StyleHaul from October 2015 to March 2019. Throughout that time, Blieden wired money to his individual bank account, camouflaging those purchases by making up them as repayments to StyleHaul’s clients, to name a few deceptive practices.

The statement additionally claimed that Blieden “regularly” gambled online using cryptocurrency he had actually purchased using money he embezzled from StyleHaul.

Blieden made use of cash he stole from his employer to create $1,204,000 in personal checks to poker gamers, $1,134,956 was made use of to settle his bank card, as well as $8,473,734 was moved to Blieden’s cryptocurrency accounts, according to court papers,” the declaration checked out.

According to his page in the Hendon Crowd data source, Blieden has won $1,060,394 in his real-time event online poker profession. The huge majority of that came at the 2018 WPT LA Poker Standard, where he removed the top prize of $1 million by outliving a field of 493 gamers. It’s unclear whether cash drawn from StyleHaul was made use of to buy into the $10,000 event.

WPT Title Launched Blieden to Texas Hold’em Stardom

Prior to that occasion, Blieden was a little-known neighborhood player. That made his triumph at a final table that included a number of specialist players an unusual trouble, though commentators and also viewers agreed that Blieden had shown lots of ability in gaining his initial major title. Blieden defeated Toby Lewis in heads-up play to earn the win as well as an entry right into the season-ending WPT Event of Champions.

While Blieden had few other significant outcomes, his occupation record includes three money at the World Series of Poker, consisting of a 182nd location surface in a $1,500 occasion throughout the 2019 collection. He likewise ended up in 17th location in the Partypoker Millions Las vega competition at the Aria this July, winning $35,000.

Not long after those results, Blieden was fingered and also taken right into government protection in July.

StyleHaul was an electronic media marketing firm that was headquartered in Hollywood. In March, the business revealed that it was preparing to move to London after shutting down its US procedures. In Might, the company finished its procedures entirely. StyleHaul dealt with social media influencers, including Joey Craceffa, Zoella, and Cameron Dallas.

Before his charge, Blieden had actually been the subject of an internal examination at StyleHaul after the business understood there were irregularities in its accountancy. According to an interior memorandum acquired by the Daily Beast, Blieden confessed to internal investigators that he had actually embezzled $15 million throughout 2017.

Source: cardschat.com

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