Ex-Microsoft Employee to be Jailed For Stealing Assets Over $10 Million
Ex-Microsoft Employee to be Jailed For Stealing Assets Over $10 Million

A former Microsoft employee named Volodymyr Kvashuk has been sentenced to 9 years of prison, along with an $8.3 million in restitution. He was earlier charged with 18 crimes, where he ultimately used his colleagues’ email addresses to impersonate and stealing digital gift cards from Microsoft systems and sell them online. He was fired in 2018 and was charged with crimes now.

Microsoft Employee Awarded 9 Years of Prison

Microsoft in 2018 has fired an employee named Volodymyr Kvashuk, after finding him stealing the digital assets of their company. He was convicted for committing about 18 felonies, which include wire fraud, money laundering, identity theft, filing false tax returns, mail fraud and access device fraud.

He initially joined the company as a software contractor in 2016, before becoming a full-time software engineer at the same company in 2018. He was then reported to have stolen “currency stored value” of worth $10.1 million! These are the digital gift cards from Microsoft, which the company is supposed to award for users in various incidents.

It was reported that he stole and sold them on the internet (eBay), and turned proceedings from those sales to buy several assets including a $1.6 million dollar lakefront home and a $160,000 Tesla car. He also used Bitcoin mixer service to mask the source of these funds, which he converted and transferred to his account.

He then reported these earnings as gifts in his tax filings. Making these acts worse, he stole the test case emails of three employees at Microsoft to use them to buy these digital cards, which eventually turned blame onto them. He was now asked to pay about $8.3 million in restitution, along with a 9-year imprisonment sentence.

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