- Digital financial fraud of $10 million was found guilty today by a former Microsoft engineer.
- Kvashuk started working as a contractor in Microsoft and then turned to be an employee from 2016 until 2018.
- Kvashuk further resold the values on the internet to buy a lakefront home costing 1.6 million dollars and Tesla vehicle for $160,000.
Digital financial fraud of $10 million was found guilty today by a former Microsoft engineer. The U.S Attorney Brian T. Moran pronounced today in U.S. District Court Settle for about 18 federal crimes have been come out of fraudulent with Microsoft for more than $10 million.
This misleading activity was commenced by VOLODYMYR KVASHUK, a 25-year-old Ukraine fellow residing in Renton., Washington. Kvashuk started working as a contractor in Microsoft and then turned to be an employee from 2016 until 2018.
What actually was this case?
Going through the summary of the records filed in this case and looking at the trial testimony, it was found that Kvashuk was working on the Microsoft retail sales policy and started stealing digital values such as gift cards by using testing access. Kvashuk further resold the values on the internet to buy a lakefront home costing 1.6 million dollars and Tesla vehicle for $160,000.
Primarily, Kvashuk started to defraud smaller amounts in value by his account access, but later, he attempted to use test accounts of other employees to convert his currency into millions. As a software developer, Kvashuk stabbed to disguise all his digital evidence so that no one could trace out the scam on the internet.
To hide the source of his fund, Kvashuk used a bitcoin service, which was so-called “mixing” and move it into his bank accounts, and by this attempt, Kvashuk has transferred approximately $2.8 million in bitcoin to his bank accounts.
What will be the further outcomes of this offense?
Siddharth Velamoor, the Assistant United States Attorney pointed out that this is a crime of greed where Kvashuk manipulated his colleagues’ names for performing this offensive crime. With respect to defraud with Microsoft, Kvashuk also attempted to misguide the government by hiding his fake income and filing false tax returns.
This case was under the hands of the Internal Revenue Service Criminal Investigation’s Western Area Cyber Crime Unit and the U.S. Secret Service and was impeached by Attorneys Michael Dion and Siddharth Velamoor.
They concluded this case with two sums of serious identity theft, five sums of wire fraud, six money laundering, two filing false tax returns, and access device fraud, one each of mail fraud, and access to a protected computer in the persistence of fraud. The U.S District Judge James L. Robart pronounced KVASHUK up to 20 years of imprisonment on June 1, 2020.
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