Home / Cryptocurrency / Professional poker player pleads guilty to fraud, embezzling $22M and using most of it for crypto trading
Professional poker player pleads guilty to fraud, embezzling $22M and using most of it for crypto trading

Professional poker player pleads guilty to fraud, embezzling $22M and using most of it for crypto trading

Professional poker player pleads guilty to fraud, embezzling $22M and using most of it for crypto trading

Dennis Blieden, a certified poker player and a former government at virtual advertising and marketing corporate StyleHaul, has pled guilty to fees that he embezzled $22 million from his employer.

The U.S. Attorney’s Office for the Central District of California introduced the guilty plea on Friday, announcing that Blieden, 30, was once the controller and vice chairman of accounting and finance for StyleHaul between Oct. 2015 and March 2019, and abused this authority to twine corporate cash to his non-public checking account.

Blieden used the cash he stole from his employer to write $1,204,000 in non-public assessments to poker gamers, $1,134,956 was once used to repay his bank cards, and $eight,473,734 was once transferred to Blieden’s cryptocurrency accounts, in keeping with the announcement.

“To conceal his scheme, 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,” stated the lawyer’s place of work. In March 2018, Blieden gained World Poker Tour L.A. Poker Classic (WPT LAPC) and scored a first-place prize of $1 million.

Blieden was once to start with indicted and taken into federal custody in July. On Friday, he pled guilty to one rely of twine fraud and one rely of irritated id robbery. U.S. district pass judgement on Andre Birotte Jr. has scheduled a March 20 sentencing listening to, at which era Blieden will face a statutory most sentence of 22 years in federal jail, in keeping with the announcement.

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