Microsoft engineer steals $ 10 million
Microsoft engineer steals $ 10 million

Volodymyr Kvashuk, a former software engineer at Microsoft in Ukraine, has been sentenced to nine years in prison for stealing more than $ 10 million in two years.

Kvashuk joined the Microsoft Global Store team while stealing $ 10 million in stored CSV currency from Microsoft's online store through unauthorized purchases of products through a Microsoft Store demo account.

Microsoft's anti-fraud team, FIST, discovered its plan in February 2018 after discovering a suspicious increase in the number of Xbox Live subscriptions purchased in stored value currencies, including gift cards.

The stored value coin was stolen after it was wired from August 26, 2016 to June 22, 2018 and then resold at discounted prices in online markets through retailers such as and

These third parties can then recover the stored value and purchase digital and physical goods from Microsoft.

After selling Kvashok to clients, the software giant was only able to recover about $ 1.8 million in valuable blacklisted coins, meaning a total financial loss of about $ 8.3 million. .

After that, Kvashuk used to hide the origin of the money he obtained after selling the stolen stored value, and bought Bitcoin with an Xbox gift card through a cryptocurrency exchange. Backfill coin.

Kvashuk was able to transfer nearly $ 2.8 million in Bitcoin to his investment and bank accounts, which were then filed in the form of fraudulent tax returns disguised as his relatives.

In March 2018, Kvachuk bought the Tesla for $ 162,000 and in June 2018 for $ 167,500.

After initially using his demo account to obtain valuable coins that had been stored illegally, Kvachuk turned to accounts created by some colleagues to mask his tracks and direct future investigations to the wrong person.

According to the Ministry of Justice press release: Kvachuk initially used his personal account to steal small sums totaling around $ 12,000.

With the stolen value reaching millions of dollars, Kvashok was using test email accounts linked to other employees, the statement added.

The Prosecutor said: Every step in Kvashuk's plan contains lies and deceit. He used his demo account to steal valuable stored coins and put his colleagues in danger.

In addition to being sentenced to nine years in prison on 18 counts of fraud and seeking $ 8.3 million in damages, Kvachok may be deported after his arrest.

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