{"id":42930,"date":"2021-06-09T20:04:21","date_gmt":"2021-06-10T03:04:21","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=42930"},"modified":"2021-06-09T20:05:40","modified_gmt":"2021-06-10T03:05:40","slug":"former-digital-marketing-executive-sentenced-to-over-6-1-2-years-for-embezzling-more-than-22-million-from-employer","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=42930","title":{"rendered":"Former Digital Marketing Executive Sentenced to Over 6 1\/2 Years for Embezzling More Than $22 Million from Employer"},"content":{"rendered":"

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LOS ANGELES\u00a0<\/strong><\/span><\/p>\n

A former executive at a Hollywood-based digital marketing company that represents influencers on Instagram and YouTube was sentenced Wednesday to six years and seven months in federal prison.<\/span><\/p>\n

\"\"<\/a>
Dennis Blieden has entered and won professional poker tournaments,<\/figcaption><\/figure>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Dennis Blieden embezzled more than $22 million from his employer and then using the stolen money for personal expenses and cryptocurrency gambling, officials stated.<\/span><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 U.S. District Judge Andr\u00e9 Birotte Jr. sentenced\u00a0 Blieden, 31, of Cincinnati, but who formerly lived in Santa Monica.<\/span><\/p>\n

Judge Birotte Jr. also ordered Blieden to pay $22.6 in restitution.<\/span><\/p>\n

\u201c(Blieden)\u2026breached 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,\u201d prosecutors wrote in their sentencing memorandum. \u201cThose clients relied upon the defendant to do his job, when instead, he stole millions (of dollars) from them.\u201d<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Blieden pleaded guilty in November 2019 to one count of wire fraud and one count of aggravated identity theft.<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \"\"<\/a>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. <\/span><\/p>\n

As part of his job, Blieden had control over the company\u2019s 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.<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 To conceal his scheme, Blieden made fraudulent entries in StyleHaul\u2019s accounting records, falsely representing that the illegal wire transfers he made were authorized payments of money due to StyleHaul clients. <\/span><\/p>\n

\"\"Blieden also falsely indicated on one of StyleHaul\u2019s bank accounts that wire transfers to Blieden\u2019s personal bank account were \u201cequity\u201d draws that the company owed him.<\/span><\/p>\n

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.<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 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.<\/span><\/p>\n

He illicitly transferred $230,000 of StyleHaul\u2019s funds by falsely representing that the condominium was being rented for business purposes for StyleHaul\u2019s clients and employees.<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Blieden, who has entered and won professional poker tournaments, also frequently engaged in online gambling with cryptocurrency he purchased with embezzled money.<\/span><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span>\u00a0 \u00a0The FBI investigated this matter.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LOS ANGELES\u00a0 A former executive at a Hollywood-based digital marketing company that represents influencers on Instagram and YouTube was sentenced Wednesday to six years and seven months in federal prison. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Dennis…<\/p>\n","protected":false},"author":1,"featured_media":42931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-42930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-department-of-justice"],"yoast_head":"\nFormer Digital Marketing Executive Sentenced to Over 6 1\/2 Years for Embezzling More Than $22 Million from Employer<\/title>\n<meta name=\"description\" content=\"\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LOS ANGELES\u00a0 A former executive at a Hollywood-based digital marketing 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