A 25-year-old former Microsoft worker, Volodymyr Kvashuk is convicted for stealing a load of cryptocurrencies from its employer. Kvashuk was a Ukrainian citizen and a<a href="https://www.cryptoknowmics.com/crypto/crypto-tax-software-developers-getting-cpa-attestation-to-improve-system-credibility/"> software developer</a> at Microsoft from 2016 to 2018. The worker is charged for 18 federal felonies for stealing $10 million worth of digital currency and then using them for purchasing extravagant properties such as a lakefront home worth $1.2 million and a Telstra vehicle worth $160,000.

During a testing program held for Microsoft’s online sales platform, Kvashuk created fake test account. He acquired the currency stored value and then sold them online.

To hide the source of currencies, Kvashuk used a bitcoin mixing service. The worker even used the test accounts of other employees,<a href="https://www.justice.gov/usao-wdwa/pr/former-microsoft-software-engineer-convicted-18-federal-felonies-stealing-more-10"> reported</a> the US Attorney’s Office. He moved $2.8 million worth Bitcoin to his bank accounts after seven months of illegal pursuit and then filed fake tax forms to make it look legal.
<h2>IRS-CI Thwarted Ex-Microsoft Engineer’s Grand Scheme</h2>
In May 2018, Microsoft investigators cracked the case and confronted Kvashuk after which he was fired too. In his five-day-trial, the software engineer claimed to be working on a special project for the company’s benefit and said he did not intend to defraud them.

Ryan L. Korner, Special Agent of IRS-CI, noted that Kvashuk not only deceived Microsoft but the government to by filing fraudulent tax returns and covering his<a href="https://www.cryptoknowmics.com/crypto/government-of-uganda-warn-people-against-investing-in-crypto-schemes/"> fraudulent income</a>. He further stated that the criminal who thinks could conceal cryptocurrency and<a href="https://www.cryptoknowmics.com/crypto/fiod-arrests-two-men-in-money-laundering-case/"> money laundering</a> through mixers would be caught and held liable for their crimes.

The ex-worker of Microsoft is convicted for six money laundering counts, five counts of wire fraud, two for filing fake tax returns, two for sophisticated identity theft, one for accessing device fraud and another for accessing a protected system.

According to the Attorney’s office, the man will face up to 20 years in prison starting 1 June 2020.

Former Software Engineer At Microsoft Convicted Of 18 Federal Felonies

A former Microsoft software engineer was convicted today in US District Court of 18 federal felonies for defrauding Microsoft of more than $10 million.

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Former Software Engineer At Microsoft Convicted Of 18 Federal Felonies

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