A former Microsoft worker was convicted Tuesday of wire fraud and different expenses for stealing thousands and thousands in reward playing cards and digital foreign money from the corporate then reselling the gadgets to fund a $1.7 million lakefront dwelling and a $160,000 Tesla car.
Volodymyr Kvashuk, a 25-year-old Ukrainian citizen, helped take a look at Microsoft’s on-line retail gross sales platform, based on the U.S. Lawyer’s Workplace in Seattle.
He was accused of stealing digital foreign money reminiscent of reward playing cards that might be redeemed for Microsoft merchandise, then reselling them on the Web. He then used the proceeds to purchase a $160,000 Tesla car and a $1.7 million lakefront dwelling.
Microsoft confronted Kvashuk concerning the incidents after the scheme got here to mild and fired him in June 2018.
“Kvashuk, a educated software program developer, tried to masks digital proof that might hint the fraud and the Web gross sales again to him,” prosecutors mentioned. “He used a bitcoin ‘mixing’ service in an try to cover the supply of the funds in the end passing into his checking account. In all, over the seven months of Kvashuk’s criminal activity, roughly $2.eight million was transferred to his financial institution accounts.”
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Following a five-day trial in federal courtroom, Kvashuk was convicted of wire fraud, cash laundering, and aggravated identification theft, amongst different offenses.
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He faces as much as 20 years in jail when he’s sentenced by U.S. District Decide James L. Robart in June.
The Related Press contributed to this report.