March 19, 2024 Breaking News, Latest News, and Videos

Former Santa Monica Resident Sentenced to Federal Prison for Embezzling More Than $22 Million from Employer

A former executive at a Hollywood-based digital marketing company that represents influencers on Instagram and YouTube was sentenced recently to 79 months in federal prison for embezzling more than $22 million from his employer and then using the stolen money for personal expenses and cryptocurrency gambling.

Dennis Blieden, 31, of Cincinnati, but who formerly lived in Santa Monica, was sentenced by United States District Judge André Birotte Jr., who also ordered him to pay $22,669,979 in restitution.

Blieden pleaded guilty in November 2019 to one count of wire fraud and one count of aggravated identity theft.

From October 2015 to March 2019, Blieden was the controller and vice president of accounting and finance for StyleHaul Inc., a digital company once based in Hollywood. As part of his job, Blieden had control over the company’s bank accounts. He abused this authority to wire company money to his personal bank account, then, used the stolen money to pay for personal expenses, gambling debt, and to fund his cryptocurrency accounts.

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. Blieden also falsely indicated on one of StyleHaul’s bank accounts that wire transfers to Blieden’s personal bank account were “equity” draws that the company owed him. Furthermore, Blieden created fictitious wire transfer letters that purported to be from Western Union and were designed to make it appear that he had caused wire transfers from StyleHaul to pay money it purportedly owed to a client.

 Blieden also disguised his fraud by creating a fictitious lease in May 2018 for the rental of a condominium in Rosarito Beach, Mexico, which bore a forged signature of a StyleHaul executive. He illicitly transferred $230,000 of StyleHaul’s funds by falsely representing that the condominium was being rented for business purposes for StyleHaul’s clients and employees.

Blieden, who has entered and won professional poker tournaments, also frequently engaged in online gambling with cryptocurrency he purchased with embezzled money.

“(Blieden)…breached the trust and obligations owed to the young and perhaps unsophisticated YouTube, Instagram, and other social media influencers and creators, who earned money through their work on said platforms, that were needed to support their families,” prosecutors wrote in their sentencing memorandum. “Those clients relied upon defendant to do his job, when instead, he stole millions (of dollars) from them.”

The FBI investigated this matter.

in Crime, News
Related Posts

Woman Drives Car In Ocean After High Speed Police Chase

March 18, 2024

March 18, 2024

Law enforcement officers pursued her along the I-110 and I-405 until she reached the vicinity of Venice Beach A woman...

Santa Monica Authorities Seek Public’s Help After Sexual Assault Incident

March 17, 2024

March 17, 2024

SMPD Urges Anyone With Information to Come Forward Authorities in Santa Monica are seeking information from the public after a...

FBI Seeks Victims of Alleged Online Exploitation Scheme Allegedly Run by Resident of Santa Monica

March 17, 2024

March 17, 2024

Individuals Urged to Come Forward in Investigation of John Douglas Burch The FBI’s Philadelphia Field Office is urging individuals to...

(Video) Sarah Kate Ellis, President and CEO of GLAAD Responds to News of Nex Benedict’s Cause of Death

March 15, 2024

March 15, 2024

Sarah Kate Ellis, President and CEO of GLAAD, responds to the release of the Oklahoma Medical Examiner’s Ruling on Nex...

Venice Family Clinic Announces Inaugural HEART Gala to Celebrate Health and Art

March 15, 2024

March 15, 2024

Event Honors Creative Community and Supporters of Vital Health Care Services Venice Family Clinic, a non-profit community health center dedicated...

“Love Lies Bleeding” is Ripped: Actress Katy O’Brian Talks Love, Sex, and Vulnerability

March 15, 2024

March 15, 2024

Katy O’Brian is a Breakout Star Who Shines in Loving and Hilariously Violent Crime Film English film director Rose Glass’...

Pacific Park on Santa Monica Pier Sold to SC Holdings, $10M Investment Planned

March 14, 2024

March 14, 2024

The Cultural Institution Set for Exciting Upgrades Santa Monica Amusements LLC (SMA), the operating group of Pacific Park on the...

Woman Returns $1K Worth of Stolen Items After Store Finds Her Social Media Account

March 14, 2024

March 14, 2024

For the Owner, the Incident Is Perhaps Indicative of an Environment at the Palisades Village Where Smaller Businesses Are More...

LAPD Identify Suspect Who Struck 6-Year-Old Girl Last Weekend

March 14, 2024

March 14, 2024

An Arrest Was Made Following “Another Incident” in Venice By Zach Armstrong  The Los Angeles Police have identified Ahsante Lamar...

SMC to Host Free Screening of West Coast Hip Hop Documentary

March 14, 2024

March 14, 2024

Free Presentation Includes Audience Q&A with Hip Hop Icons Santa Monica College (SMC) is set to host a complimentary screening...

IRS Launches Direct File Pilot of Free Filing Tool for Taxpayers in California, 11 Other States

March 14, 2024

March 14, 2024

Free, Convenient Online Tax Filing Option Now Available for Eligible Individuals The Internal Revenue Service (IRS) announced the official launch...

SMPD Arrests Man Who Allegedly Attacked Girlfriend, Brandished Replica Firearm at Her Daughter

March 13, 2024

March 13, 2024

The Man Faces Charges of Felony Domestic Violence and Misdemeanor Child Abuse A suspect is in custody after a domestic...

A New Civil Lawsuit Against Roman Polanski Has Moved Forward to Trial

March 12, 2024

March 12, 2024

Director Faces Allegations From 1973, Santa Monica Judge Sets Date A trial date of August 4, 2025, has been set...

AFM Heads to Las Vegas: Independent Film Market’s Big Move to Palms Casino Resort for 45th Edition

March 12, 2024

March 12, 2024

International Film and Television Alliance Announces AFM Will Leave Santa Monica The American Film Market® (AFM®) is set to move...

Suspect Strikes 6-Year-Old Girl in Santa Monica, Investigation Underway

March 12, 2024

March 12, 2024

Detectives Are Actively Locating/Obtaining Surveillance Footage By Zach Armstrong An assault investigation is underway after a man reportedly struck a...