Beginners Guide to QAN – Fast, Scalable, and Quantum Resistant

15m
cryptonewmedia

Libra Association Ready to Address Regulatory Concerns, Claims Board Member

32m
beincrypto

RBC Analysts: Squashing Libra Could Boost China’s Digital Currency

1h
cointelegraph

eToro Launches Crypto Portfolio That Gauges Market Sentiment

1h
cryptoglobe

XRP Price Exits Downtrend to Hit Three-Week High

1h
cryptonewmedia

Dark web picks Bitcoin over other currencies, report

1h
bitcoinwarrior

Sally Ho's Technical Analysis 16 October 2019

1h
cryptodaily

Libra Association Announces 21 Founding Members

1h
dcebrief

Crypto impersonation scammers migrate from Twitter to Instagram

1h
cryptoslate

RSK Increased Its Merged Mining Rewards; Bitcoin Miners to Gain More?

1h
cryptonewmedia

A Wild Centrality Appears in the Top-60 Market Cap — But Why?

2h
beincrypto

Klaytn launches $1M prize pool blockchain app developer competition

2h
cryptonewmedia

HSBC Enacts a Letter of Credit on a Blockchain in Malaysia

2h
cointelegraph

6 Commonly Asked Cryptocurrency Tax Questions » The Merkle Hash

2h
cryptonewmedia

Threatened by Libra, US Central Bankers Reconsider a “FedCoin”

3h
beincrypto

SEC Restarts Clock on Proposed ‘Bitcoin and T-Bills’ ETF

3h
coindesk

Crypto.com sparks cryptocurrency adoption in the US with sweeping expansion

3h
bitcoinwarrior

Gate.io adds Ontology (ONT) to interest earning program

3h
cryptonewmedia

Bitcoin’s 18 Millionth Coin Will Be Mined This Week

4h
beincrypto

Bitcoin Bear Flag Could Cause Crypto Asset To Retest February 2018 Lows

4h
cryptonewmedia

Litecoin new favorite among crypto sextortionists, report

4h
bitcoinwarrior

What is SoloGenic?

4h
nulltx

New Gov’t Initiative to Put South Korean Trade on Blockchain by 2021

4h
cointelegraph

Bitcoin Bear Flag Could Cause Crypto Asset To Retest February 2018...

4h
newsbtc

humankind will swim in it |

4h
cryptonewmedia


Ex-Hollywood Exec Indicted for Stealing and Pumping $22 Million into Bitcoin

Dennis Blieden, a former executive at StyleHaul Inc., a marketing services, media, and technology firm that represents influencers on YouTube and Instagram, has been arrested for embezzling $22 million from the company. Blieden allegedly invested the money in bitcoin and other personal expenses, according to a press release on July 11, 2019.

Per sources close to the matter, Dennis Blieden, a 29-year-old resident of Nevada who functioned as the controller and vice president of accounting and finance for StyleHaul Inc., between 2015 and March 2019, has been taken into federal custody for embezzling $22 million from his former employer.

As stated in the press release by the U.S. Attorney’s Office, Central District of California, the indictment charges Blieden with 11 counts of wire fraud, one count of aggravated identity theft and two forfeiture counts.

According to the indictment, Blieden abused his authority as a controller of StyleHaul’s bank accounts, to wire the company’s money to his personal bank accounts.

Blieden, a professional poker player and online gambler who has participated in and won several poker tournaments, allegedly used the stolen funds to write $1,204,000 in personal checks to poker players, $1,134,956 was used to offset his credit card debt, and $8,473,734 was used to buy bitcoin.

In a bid to conceal his fraudulent activities, Blieden allegedly created a fictitious lease earlier in May 2018 for the rental of a condominium which he claimed would accommodate StyleHaul’s clients and employees in Mexico’s Rosarito Beach, using the forged signature of a StyleHaul executive.

He also illicitly transferred the sum of $230,000 from the company’s account to his own and falsely claimed that he used the funds to settle the landlord of the condominium.

Blieden created fake wire transfer letters purportedly from Western Union to deceive the firm’s officials into believing that he had initiated wire transfers from StyleHaul to a client to “pay money due to the client.”

The court papers also have it that before Blieden’s dismissal from StyleHaul, he participated in two poker tournaments on February 21 and 22, 2019 and the “buy-in” amounts for the competition were $52,000 and $103,000 respectively.

If convicted of all charges, the authorities say Blieden would face a maximum sentence of over 200 years in federal prison.

In related news, BTCManager informed earlier in May that the U.S. Federal Trade Commission (CFTC) had filed a lawsuit against Douglas Monahan, the owner of iBackPack of Texas, for illegally using investors’ funds to buy bitcoin and pay off credit card debts.

Like BTCMANAGER? Send us a tip!

Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments