Dalelorenzo's GDI Blog
9Jul/210

Dennis Blieden Sentenced to Six and a Half Years in $22M Embezzlement Case

Former World Poker Tour( WPT) endorse Dennis Blieden was sentenced on Wednesday to 79 months, or more than six and a half years, in prison for embezzling more than $22 million from a digital-marketing company. Blieden alleged guilty in 2019 to fees of cable fraud and exacerbated identity crime in connection with stores stolen from California-based StyleHaul, where "hes working" as the controller and vice president of accounting and finance from October 2015 to March 2019.

Dennis Blieden mustered$ 1 million and a "Remington" for win the 2018 WPT LA Poker Classic, but "youve already" embezzled at least $ 15 million from his supervisor at the time of writing of his acquire.( Image: worldpokertour.com)

Investigators specified Blieden employed most of the stolen funds to play poker, both live and online, and to fund various cryptocurrency details. In the years before his arrest, as he searched following in the high-stakes poker community, "hes having" written more than $1.2 million in personal checks to other poker participates, with fund that originated from his impostor within StyleHaul.

Blieden faced a sentence of up to 22 times on the basis of the 2019 plea lot. Central District of California judge Andre Birotte Jr. questioned the lesser sentence to Blieden on Wednesday, after Blieden's initial March 2020 convicting year was pushed back on multiple opportunities. Blieden was also ordered to pay nearly $22.7 million in restitution to the victims of his hoax. StyleHaul, the digital-marketing and influencing corporation where Blieden made, relocated from Los Angeles to London in the wake of his arrest, though it folded alone precisely a few months later.

Blieden condemned infancy gambling craving for crimes

In a handwritten, 14 -page, pre-sentencing letter sent to Judge Birotte, Blieden accused his crimes on a late gambling addiction, the roots of which were established in early childhood." At the age of 3 ," he wrote," my father learnt me how to weigh employing video games of blackjack, and my brother and I would invent the dreidel for chocolate golden coins ."

Blieden claimed he firstly started gambling for real money around senility 13, where reference is represented poker with two brothers and leader for his allowance money." I instant fallen in love with video games ," he wrote. That led to after-school Texas hold'em games with two brothers and their friends.

Blieden's father's willingness to educate him poker began to backfire at age 17, when Blieden admitted to stealing his mothers' credit cards to fund online poker details." I, without allow, took my parents' credit cards and lodged coin. I consequently lost, then did it again ," he wrote.

" It generated a lot of rancour with my parents, and they cancelled the cards and obscured the new ones. So I had to find other courses. I met prepaid Visa debit cards that you could onu cash onto at gas stations and used this to fund my online gambling ." Blieden claimed he raised his stakes after the uncommon instances he earned, and ultimately lost it all, entailing the thousands of dollars he made as a busboy during his last two years in high school.

The behavior continued into Blieden's college years, where he managed to graduate from Ohio State, although seriously in debt and with an amphetamine craving from biding up all light playing online poker while also working to graduate. After graduate, he wrote, he to come to Los Angeles and precipitated so far into gambling-related debt. His mothers bailed him out of that situation on the condition he received therapy for gambling craving, which Blieden began but soon cease, while keep lying to his parents.

Blieden hero-worship Tv poker pros, sought validation

Blieden also claimed to have idolized the poker pros he often watched on TV. His own earlier debt problems easy when he was able to make big advantages investing in cryptocurrency, and it allowed him to try a" infancy dream ," intending playing against the pros he watched on TV." I was able to make friends in the high-stakes poker community ," he wrote," not for my skill set playing posters, but for my knowledge and success in the crypto opening ."

Yet Blieden's gambling losings far outstripped both his $65,000 wage ay StyleHaul and the even larger amounts he made as a crypto investor, which led to his scheme to defraud his bos. When Blieden won the 2018 WPT LA Poker Classic and its million-dollar first-place prize, his indebtednes situation was already far out of hand; an internal investigation memoranda from the case testified he had filched $15 million from StyleHaul in 2017 alone.

Worse, from Blieden's viewpoint, the 2018 WPT win just made him want to gamble bigger. He wrote," I was now outwardly substantiated within the poker community and from my peers as being a professional gambler, so I did everything I could to keep that stature alive ." Blieden began playing in the" largest possible buy-in competitions ," both online and live, including some nosebleed private games on the West Coast.

" I was chasing my indebtednes ," he wrote," but also attempting to keep up with a lifestyle that was a lie ." That lifestyle disintegrated when Blieden was arrested in September 2019 for his massive frauds from StyleHaul.

Read more: cardschat.com

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