Ex-Digital Marketing Company Executive at StyleHaul Charged With Spending $22 Million Wrongfully

Former-StyleHaul-Exec-Charged-With-Spending-22-Million-Of-Companys-Funds

Dennis Blieden, a former executive who worked at StyleHaul, a company focused on digital marketing, has been charged with embezzlement. According to the prosecution, he was guilty of embezzling around $22 million USD when he worked on the company. He allegedly spent all the money gambling on poker competitions and buying crypto.

Blieden was recently arrested by the police of Las Vegas. The man is being accused of using over $8 million USD from the company in order to buy crypto and to use $1,2 million USD to pay for his poker losses, which is kind of impressive. He also used around $1.2 million USD more to pay off his credit cards.

The executive was obviously living a pretty unrestrained life with the money he stole from the company. He allegedly transferred all the funds form the company’s account to his own and covered the tracks by creating a fake lease. This lease was related to a condominium in Rosarito Beach, Mexico.

In order to “pay the rent” of the condo, he transferred all the cash to his account. The company found out, the police investigated and now he is being charged with 11 counts of wire fraud, one of aggravated identity theft and two forfeiture counts.

At the moment, the police nor the justice talked about how much time he will spend in prison in case he is convicted for these crimes.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Gabriel Machado

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