RATE Group | Ex-Microsoft engineer nabbed in Bitcoin embezzlement scheme
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Ex-Microsoft engineer nabbed in Bitcoin embezzlement scheme

27 Feb Ex-Microsoft engineer nabbed in Bitcoin embezzlement scheme

Posted at 02:29h in Bitcoin News by

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In brief

  • A former Microsoft employee was convicted of 18 federal felonies related to the theft of $10 million in digital currency which he used to fund a lavish lifestyle.
  • US and international authorities are growing wary of the use of cryptocurrency mixers.

A former software engineer for Microsoft has been convicted of 18 federal felonies “for stealing more than $10 million in digital value,” the US Department of Justice announced on Tuesday. 

Volodymyr Kvashuk, a Ukranian citizen residing in Renton, Washington, was a former contractor and employee for the computing giant Microsoft from 2016 until 2018.

According to records and testimony in the trial, Kvashuk was involved in testing an online retail sales platform for the firm and used his “testing access” to steal millions of dollars in digital gift cards. He resold the gift cards online for Bitcoin, lakefront property, and Tesla cars, among other things. 

Authorities said that when Kvashuk bought Bitcoin he used a…

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