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Started By
Message
Poker player embezzled 22 million dollars of company's money
Posted on 7/13/19 at 4:21 pm
Posted on 7/13/19 at 4:21 pm
story
here is his winning a casual 128k pot in a cash game. https://www.youtube.com/watch?v=Sah4ffNZT8U
Cliffs:
In March 2018, a Los Angeles accountant named Dennis Blieden took the poker world by storm.
That changed as Blieden, then 28, plowed through 493 entrants and bested veteran players to win the World Poker Tour’s L.A. Poker Classic and its $1 million prize.
two months later, he was invited to play at the Super High Roller Bowl, which had a $300,000 buy-in.
ccording to federal authorities Blieden was doing a far riskier kind of gambling: embezzling money from his day job that he used to cover his poker and gaming losses.
began wiring cash from StyleHaul(his employer) in 2015 to his personal account, dummying up accounting records and faked Western Union letters to make it look like the money was going to clients.
He allegedly stole $22 million from the company between 2015 and 2019
forensic investigation found more than $7 million in wire transfers and checks written to other poker players.
“It started small, in the thousands,” Blieden said in the interview, according to notes included with the detention memo. “It started out as monthly transactions and then sometimes became weekly.”
“I wanted to try and pay it back, so I was taking more to try to make more back so I could pay the company back,” he said,
StyleHaul—which claimed to have 5,000 digital influencers on its roster, generating 2.5 billion views per month—is no longer in business.
here is his winning a casual 128k pot in a cash game. https://www.youtube.com/watch?v=Sah4ffNZT8U
Cliffs:
In March 2018, a Los Angeles accountant named Dennis Blieden took the poker world by storm.
That changed as Blieden, then 28, plowed through 493 entrants and bested veteran players to win the World Poker Tour’s L.A. Poker Classic and its $1 million prize.
two months later, he was invited to play at the Super High Roller Bowl, which had a $300,000 buy-in.
ccording to federal authorities Blieden was doing a far riskier kind of gambling: embezzling money from his day job that he used to cover his poker and gaming losses.
began wiring cash from StyleHaul(his employer) in 2015 to his personal account, dummying up accounting records and faked Western Union letters to make it look like the money was going to clients.
He allegedly stole $22 million from the company between 2015 and 2019
forensic investigation found more than $7 million in wire transfers and checks written to other poker players.
“It started small, in the thousands,” Blieden said in the interview, according to notes included with the detention memo. “It started out as monthly transactions and then sometimes became weekly.”
“I wanted to try and pay it back, so I was taking more to try to make more back so I could pay the company back,” he said,
StyleHaul—which claimed to have 5,000 digital influencers on its roster, generating 2.5 billion views per month—is no longer in business.
11
Posted on 7/13/19 at 4:23 pm to PeteRose
Easy to play loose when you're playing with house money 
Posted on 7/13/19 at 4:24 pm to PeteRose
Baw move. Shooters shoot.
Posted on 7/13/19 at 4:24 pm to PeteRose
No longer in business, but they must have been doing well for a while to not miss $22 million over the course of just a few years.
Posted on 7/13/19 at 4:25 pm to Twenty 49
well, it is a marketing firm so they're all about projecting a successful, fun/happy image.
Posted on 7/13/19 at 4:32 pm to PeteRose
quote:
digital influencers
I prefer the term Instaho.
Posted on 7/13/19 at 4:39 pm to BuckyCheese
Never get guys like this.
Had a close friends dad who was a high risk independent insurance agent. Trucking companies and hazardous chemical companies. He was doing great other than his handful of hydros a day habit. Ended up getting in financial trouble and stared gambling with premiums.
Company got raided and he lost everything in bankruptcy including what was left of his health.
Judge showed mercy to him and gave him probation and banned. Ever selling insurance again.
He kicked the pill habit but his health is gone and he is just waiting to die.
It was a sad deal to watch go down.
Had a close friends dad who was a high risk independent insurance agent. Trucking companies and hazardous chemical companies. He was doing great other than his handful of hydros a day habit. Ended up getting in financial trouble and stared gambling with premiums.
Company got raided and he lost everything in bankruptcy including what was left of his health.
Judge showed mercy to him and gave him probation and banned. Ever selling insurance again.
He kicked the pill habit but his health is gone and he is just waiting to die.
It was a sad deal to watch go down.
Posted on 7/13/19 at 4:41 pm to PeteRose
Holy shite. Watched this dude on Live at the bike plenty of times. Dude was a maniac at the table.
Posted on 7/13/19 at 4:56 pm to PeteRose
If I'm an employer and one of my people shows up on the podium at high stakes poker tournaments-or anything else of that nature, my two questions are:
If he's that good, why is he still working here?
If he's not that good, why do I still want him working here?
Either way, he gone. I've been a regular horseplayer for years. I have some action going most days of the week, and am pretty good at it. I don't make a big deal of it and only talk about it with select people. I have clients who would find it highly problematic if they knew, and I wouldn't blame them. It's oh so easy to get in trouble with this stuff.
If he's that good, why is he still working here?
If he's not that good, why do I still want him working here?
Either way, he gone. I've been a regular horseplayer for years. I have some action going most days of the week, and am pretty good at it. I don't make a big deal of it and only talk about it with select people. I have clients who would find it highly problematic if they knew, and I wouldn't blame them. It's oh so easy to get in trouble with this stuff.
Posted on 7/13/19 at 5:18 pm to PeteRose
I love how they rank poker players by poker tournament winnings with no regard to losses.
Posted on 7/13/19 at 8:48 pm to Jim Rockford
quote:
Either way, he gone
quote:
I've been a regular horseplayer for years. I have some action going most days of the week, and am pretty good at it. I don't make a big deal of it and only talk about it with select people. I have clients who would find it highly problematic if they knew,
What a clown
Posted on 7/13/19 at 9:15 pm to PeteRose
I mean, whatever happened to moving yourself and the money offshore?
Stole 22 million over the course of four years. Stuck around to get caught. fricking genius.
Stole 22 million over the course of four years. Stuck around to get caught. fricking genius.
Posted on 7/13/19 at 9:18 pm to PeteRose
Crazy how 10 million can go missing and it takes that long
Posted on 7/13/19 at 9:18 pm to PeteRose
quote:I had one word for that dummy:
He allegedly stole $22 million from the company between 2015 and 2019
Montenegro
Posted on 7/13/19 at 9:19 pm to PeteRose
How does this company miss 22m in embezzelment?
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