RATE Group | Former WPT Champion Dennis Blieden Pleads Guilty to $22M Theft
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Former WPT Champion Dennis Blieden Pleads Guilty to $22M Theft

30 Nov Former WPT Champion Dennis Blieden Pleads Guilty to $22M Theft

Posted at 01:05h in Cryptocurrency News by

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Matthew Pitt

Dennis Blieden

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…

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