A former software engineer at Microsoft, Volodymyr Kvashuk received a nine-year prison sentence Monday for a multi-million dollar criminal scheme involving bitcoin and digital gift cards.
Volodymyr Kvashuk, a dev engineer testing online retails sales platforms for Microsoft between 2016 to 2018 when he was fired, uses his employee access to steal Gift cards and exchange through Bitcoin.
According to report, “Stealing from your employer is bad enough, but stealing and making it appear that your colleagues are to blame widens the damage beyond dollars and cents,” said U.S. Attorney Moran. “This case required sophisticated, technological skills to investigate and prosecute, and I am pleased that our law enforcement partners and the U.S. Attorney’s Office have the skill sets needed to bring such offenders to justice.”
The above statements summarise the fraudulent acts and how the US District Court is working to get Justice for other employees whose emails are compromised.
In what started with $12k, the 26-year-old Kvashuk took the activity to $10M when he exploited other employers’ emails. Sadly, the report says he spent the money on luxurious life. On an occasion, lavish lifestyle including a $1.6 million lakefront home and a $160,000 Tesla car.