Poker player Dennis Blieden has pleaded guilty to 14 charges and is now facing from 22 to 200 years in a federal prison. Blieden Pleads Guilty to Identity Theft, Wire Fraud Dennis Bliedenpleaded guilty for embezzling over $22 millionfrom a former employee to maintain an extravagant lifestyle. Dennis Blieden has pleaded guilty to aggravated identity theft and wire fraud. The 30-year-old professional poker player and tech exec had been accused of embezzling over $22m from his former employer, StyleHaul.
Table Of Contents
Back in March of 2018, an unknown in the poker world named Dennis Bliedenrose to the top of a tough field of 493 entries to take down the $10,000 buy-in World Poker Tour L.A. Poker Classic Main Event for a $1 million payday. Now 16 months later, he's back on the news wire but this time, it's not in a positive light.
On Thursday, July 11, Blieden was indicted by a federal grand jury for embezzling $22 million from his former employer StyleHaul, where he had served as controller and vice president of accounting and finance. In that role, it is alleged that Blieden funneled money from company accounts for his private use, which included poker buy-ins and other forms of gambling, between October 2015 and March 2019.
'If convicted of all charges, Blieden would face a statutory maximum sentence of more than 200 years in federal prison.'
The indictment, returned by a federal grand jury on Tuesday and unsealed on Thursday, contained charges of 11 counts of wire fraud, one count of aggravated identity theft, and two forfeiture counts against Blieden. The press release posted by the Department of Justice's U.S. Attorney's Office of the Central District of California reported that Blieden made his first court appearance today, Thursday, in U.S. District Court in Las Vegas, and is to be arraigned on the indictment at a later date in Los Angeles.
The case was investigated by the FBI and is being prosecuted by Assistant United States Attorney Bingo blitz club. Valerie L. Makarewicz of the Major Frauds Section.
Charges Against Blieden
Originally from Cincinnati, Ohio, Blieden told PokerNews during the 2018 WPT Tournament of Champions (TOC) that he moved out to Southern California with some friends after finishing college in Ohio. He then resided in Santa Monica, California for some years while he worked for the aforementioned StyleHaul, a digital marketing company that connects brands with social media personalities. According to the DOJ, Blieden was residing in Nevada when he was arrested and taken into federal custody in Las Vegas on July 10.
In addition to using company funds to enter poker tournaments, the DOJ press release stated that Blieden 'frequently engaged in online gambling with crypto-currency he purchased with embezzled money, according to the government’s motion requesting detention in this case.' The report further elaborated that according to court documents, Blieden allegedly wrote $1,204,000 in 'personal checks to poker players,' used $1,134,956 to pay credit cards, and transferred $8,473,734 to crypto-currency accounts.
It is alleged that Blieden funneled money from company accounts for his private use, which included poker buy-ins and other forms of gambling.
According to the report, Blieden is charged with disguising his fraudulent behavior by methods including creating a fictitious lease for rental of a condominium in Rosarito Beach, Mexico back in May 2018 that contained a StyleHaul executive's forged signature. The indictment alleges that Blieden falsely represented expenses of $230,000 for renting said condo for company clients and employees, funds which were unlawfully transferred for personal use. Other alleged fraudulent activities were the creation of fabricated wire transfer letters that imitated payments to clients.
Though not yet convicted, the outlook for Blieden is grim, as the release states: 'If convicted of all charges, Blieden would face a statutory maximum sentence of more than 200 years in federal prison.'
A Brief but Exhilarating Poker Career
Blieden was fairly new to the poker tournament scene when he mowed down a talented final table and beat Toby Lewis heads up to add his name to the WPT Champions Cup at the LAPC more than a year ago. Leading up to that million-dollar score, Blieden had just two cashes on his poker Hendon Mob profile with a career-high score of $21,148 for a 13th-place finish in a 2017 $5,000 WSOP event.
Since his big victory, Blieden popped up sporadically at some of the bigger stops, playing in the 2018 WPT season-ending $15,000 TOC which he qualified for with his win, also firing the $300,000 Aria Super High Roller Bowl in the same trip. He failed to cash in either of those and had the same result in the two US Poker Open events he played — a $50,000 and a $100,000 event — back in late February, before he was dismissed from his position at StyleHaul.
“I figure out my game plan by the moment. I don’t really ever have a game plan going into tournaments.'
In fact, the only two tournament results he's logged since claiming the LAPC title both came last month. Blieden finished in 182nd place in a WSOP $1,500 Bounty event for a modest $1,603 and he took 17th in the $10,300 partypoker MILLIONS Vegas at Aria which earned him a payout of $35,000.
In his WPT win and in the TOC where he finished Day 1 as chip leader and eventually busted out on the money bubble, Blieden played a characteristically aggressive style, which we highlighted in a feature right here at PokerNews. At the LAPC final table, Blieden even went as far as raising his button without looking at his cards and his fearless play paid off.
During his run in the 2018 TOC, he told PokerNews, “I figure out my game plan by the moment. I don’t really ever have a game plan going into tournaments.' He explained on Day 1 that this very style was working for him even in an event packed with former WPT champions: “When someone with my style catches a few hands too, it’s really hard to beat me, because you can’t put me on a hand. You always want to think I’m bluffing, so when I actually have it, it puts them in a really weird spot.”
As is often the case, a super aggressive style in poker works well and oftentimes ends with the player coming out on top with all the chips, or hitting the rail in a boom-or-bust fashion. Unfortunately for Blieden, his most recent bluff may have been his last.
TagsDennis BliedenPoker and the LawWorld Poker TourLAPC
Related TournamentsWorld Poker Tour
Related PlayersDennis Blieden
Table Of Contents
Disgraced poker player Dennis Blieden has pleaded guilty to embezzling more than $22 million from his former employers then using the stolen funds to purchase cryptocurrency.
Formerly of Santa Monica but now a Cincinnati resident, 30-year-old Blieden held his hands up and pleaded guilty to one count of aggravated identity theft and one count of wire fraud. The US Attorney’s Office for the Central District of California has warned Blieden faces the statutory maximum sentence of 22 years in federal prison. He has been detained until his sentencing hearing on March 20.
Blieden was the vice president of accounting and finance, and controller of StyleHaul, a digital company formerly based in Hollywood but that relocated to London earlier this year.
The court heard Blieden has control over the company’s bank accounts and abused his position to wire company funds to his personal bank account. Blieden funded his cryptocurrency account with the stolen money.
Huge Sums Paid to Poker Players, Credit cards, and Cryptocurrency Sites
According to court documents, the thefts occurred between October 2015 and March 2019. A staggering $8,473,734 was transferred to Blieden’s cryptocurrency accounts, with some of those accounts used to fund Blieden’s online gambling.
Dennis Blieden Attorney
A further $1,204,000 was written in personal checks to poker players, with an additional $1,134,956 used to pay off his credit card debts.
PokerStars Free Money Code: follow the instructions to activate a new bonus!
Bleiden made fraudulent entries into the accounting records of StyleHaul in order to conceal his embezzlement scheme. Those entries were made to look like legitimate company expenses and authorized payments to StyleHaul clients. Other entries were made to look like the transfers to Blieden’s personal accounts were “equity” draws the company owed him.
Furthermore, Blieden falsified wire transfer letters claiming to be from Western Union. These were designed to appear Blieden made wire transfers from StyleHaul to money the company owed clients.
Mamacita Poker Player
As Blieden’s stealing continued to spiral out of control, he created a fictitious lease for the rental of a condominium in Rosarito Beach, Mexico, in May 2018. Blieden admitted forging the signature of a fellow StyleHaul executive to push the lease through.
The plea agreement entered by Blieden saw him admit transferring $230,000 of StyleHaul’s funds after pretending the condo was being rented to StyleHaul’s employees and clients for business purposed. Instead, Blieden pocketed the money. It is this falsifying of the executive’s signature that has landed Blieden with an aggravated identity theft charge.
Blieden Funds His Poker Playing; Banks Seven-Figure Prize
Court papers also revealed that on February 21 and 22, shortly before Blieden was dismissed from his StyleHaul job, he entered two poker tournaments. The paper claims the buy-in amounts were $52,000 and $103,000 respectively.
On February 24, Blieden also entered the $10,000 No-Limit Hold’em WPT L.A. Poker Classic Championship. He outlasted 492-opponents, including defeating British star Toby Lewis heads-up, to secure the $1 million first-place prize.
The figures of $52,000 and $103,000 may not be accurate because if Blieden was in Los Angeles for the L.A. Poker Classic, the only tournaments running on those days were a $1,100 buy-in event on February 21 and a $5,250 buy-in event on February 22. This would mean he had to re-enter 46 times in the former and 18 times in the latter, which seems extremely unlikely.
Dennis Blieden Sentence
No other tournaments listed on The Hendon Mob results page give any indication as to what tournaments Blieden listed in his plea agreement.
Blieden continued playing poker right up to being arrested. He cashed in the $1,500 No-Limit Hold’em Bounty event at this year’s World Series of Poker for $1,603. Blieden also finished 17th from 536-entrants in the $10,300 partypoker LIVE MILLIONS Vegas event for a $35,000 score.
TagsLondonOnline PokerPoker BusinessPoker PlayersPoker TournamentsToby LewisWorld Series of PokerWPT
Related TournamentsWorld Series of PokerWorld Poker Tour
Related PlayersToby Lewis