Entertainment With the help of Bitcoins: Ex-employee cheats Microsoft by 10 million dollars

05:30  24 november  2020
05:30  24 november  2020 Source:   finanzen.net

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A former employee at Microsoft has been arrested for a scheme to steal $ 10 million in cryptocurrency, the Associated Press (AP) reported on July According to the United States attorney’s office in Seattle, the suspect had helped with Microsoft ’s testing of its online retail sales platform.

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A former employee of the US tech giant Microsoft has used access from his ex-employer to enrich himself in the double-digit millions.

TANNEN MAURY/AFP/Getty Images © Provided by Finanz.net TANNEN MAURY / AFP / Getty Images

• Ex-Microsoft employee uses his own test account

• Gift cards branched off and resold

• Also accounts used by Microsoft colleagues

From a message from the US judicial authority the concrete course of events.

used Microsoft's sales platform

Accordingly, the software developer Volodymyr Kvashuk was initially a contractor at Microsoft , before he worked for the company between August 2016 and June 2018. As part of his work, he was involved in testing Microsoft's sales platform, on which the company sells gift cards, among other things. He used his test access to the retail platform to branch off digital vouchers and sell them on.

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In the further course, Kvashuk is said to have used not only his own test access but also that of Microsoft colleagues, initially siphoning off small amounts, but later illegally diverting several million US dollars.

The software employee is said to have used the proceeds to buy a house by the lake worth 1.6 million US dollars and an Tesla worth 160,000 US dollars.

Bitcoin service used to disguise

According to the public prosecutor, the 26-year-old Kvashuk used an Bitcoin mixer in order to disguise the multi-million dollar "special income". In this way, the origin of the funds that ended up in his bank account could be concealed. - Trade Bitcoin with Plus 500 - that's how it works. 76.4% of retail investor accounts lose money when trading CFDs with this provider . You should carefully consider whether you can afford the high risk of losing your money. - Because Bitcoin mixers turn a large paid-in Bitcoin amount into several small amounts, which are then sent back to the sender. It is difficult or even impossible to determine from which sources the funds came, especially since a delayed return transfer ensures that the individual transactions can no longer be assigned to one another.

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New Starbucks partnership with Microsoft allows customers to pay for Frappuccinos with bitcoin . The Seattle-based coffee giant is working with Microsoft and a leading global exchange on a new "As a leader in Mobile Pay to our more than 15 million Starbucks Rewards members, Starbucks is

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According to the notification from the judicial authority, Kvashuk then submitted falsified tax return forms and claimed that the bitcoins were a gift from a relative.

Nine Years Imprisonment

In a US District Court in Seattle, the former Microsoft employee was sentenced to nine years in prison for 18 federal crimes in connection with the plan to defraud Microsoft of more than ten million US dollars.

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"Stealing from your employer is bad enough, but stealing and appearances Making your colleagues guilty increases the damage beyond dollars and cents, "said District Attorney Brian T. Moran on the court ruling. "This case required sophisticated technological skills to initiate investigations and law enforcement, and I am pleased that our law enforcement partners and the US attorney general have the skills to bring such criminals to justice."

The defendant had testified in the course of the proceedings that he had not intended to defraud his employer. Instead, he worked on a special project that would benefit the company.

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