Dennis Blieden, a former executive of a Hollywood-based digital marketing firm and professional poker player has admitted over $22 million from his employer and used the stolen funds to buy cryptocurrency, gamble on poker tournaments, and cover personal expenses.
Blieden, 30, served as the controller and vice president of accounting and finance at StyleHaul Inc. that represents “influencers” on social media platforms; Blieden’s position gave him access and control over the firm’s bank accounts.
During the period from October 2015 to March 2019, Blieden stole $1.2 million. Over $8.4 million were transferred to his crypto wallet, $1.1 million he spent to pay off his credit cards and gambling debts.
Blieden made fraudulent entries in StyleHaul’s accounting records, falsely representing that the illegal wire transfers he made were authorized payments of money due to StyleHaul clients. The scammer is now facing a statutory maximum sentence of 22 years in federal prison.