A Ukrainian citizen obtained a nine-year jail sentence for a scheme during which he tried to steal $10 million from Microsoft.
On November 9, the U.S. District Court docket in Seattle handed down the sentence to Volodymyr Kvashuk, 26, a Ukrainian citizen who was residing in Renton, Washington.
Based on courtroom paperwork, Kvashuk used to work at Microsoft as a software program engineer. He was accountable at one time limit for testing the tech big’s on-line retail gross sales platform.
Kvashuk abused this entry to steal “forex saved worth” (CSV) comparable to digital reward playing cards after which to resell the worth on the web. He began off by stealing CSV in quantities of $12,000, however he finally escalated his efforts to steal tens of millions of {dollars} at a time.
The previous Microsoft software program engineer used that cash to buy a $1.6 million waterfront dwelling and a $160,000 Tesla. He additionally transferred $2.Eight million in bitcoin into his financial institution and funding accounts, a sum which he stated was a present from a relative on his tax returns.
Alongside the best way, Kvashuk tried to obscure the digital path main again to him. He did so by utilizing a bitcoin “mixing” service to disguise the supply of the funds. He additionally used the take a look at electronic mail accounts related to different staff to assist him steal CSV.
Microsoft terminated the Ukrainian citizen in June 2018. Almost two years later in February 2020, a grand jury discovered Kvashuk responsible of 18 federal felonies together with wire fraud, cash laundering and aggravated identification theft.
U.S. Legal professional Brian T. Moran was glad with the work that the U.S. Division of Justice (DOJ) used to deliver Kvashuk to justice. As quoted in a DOJ press launch:
Stealing out of your employer is unhealthy sufficient, however stealing and making it seem that your colleagues are accountable widens the harm past {dollars} and cents. This case required subtle, technological abilities to research and prosecute, and I’m happy that our regulation enforcement companions and the U.S. Legal professional’s Workplace have the ability units wanted to deliver such offenders to justice.
Along with receiving jail time, Kvashuk obtained an order to pay $8,344,586 in restitution. He additionally discovered that he may be deported after serving his jail sentence.