•   
  •   
  •   

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

Feds seize $1 billion in bitcoins they say were stolen from Silk Road

  Feds seize $1 billion in bitcoins they say were stolen from Silk Road Federal agents this week seized more than $1 billion worth of bitcoins linked to the now-defunct Silk Road website, a criminal marketplace on the dark web, in what may be the Justice Department's largest-ever seizure of cryptocurrency. © From freeross.org Ross Ulbricht, creator of underground site Silk Road, was charged with engaging in a continuing criminal enterprise, computer hacking, money laundering, and operating a narcotics conspiracy. He was found guilty after a three-week trial Wednesdsay, Feb. 4, 2015. Ulbricht was sentenced to life in prison on May 29, 2015.

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.

Businesses exploring the possibility of introducing crypto payments for their employees and contractors may need the help of companies that specialize Multiple platforms now offer accounting services for businesses and professionals in the crypto space and beyond, including tools that will help you create

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.

Pfizer to seek approval from FDA 'within days' after further analysis finds COVID-19 vaccine 95% effective

  Pfizer to seek approval from FDA 'within days' after further analysis finds COVID-19 vaccine 95% effective Pfizer and BioNTech are expected to produce up to 50 million doses globally in 2020 and up to 1.3 billion doses by the end of 2021. The news comes days after Moderna, a Cambridge, Massachusetts-based biotechnology company, announced early Monday its candidate vaccine, mRNA-1273, developed in collaboration with the U.S. government, appeared to be 94.5% effective against COVID-19.

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars , bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin .

Regardless, some augers of these seemingly aggrandized Bitcoin (BTC) price points do sometimes offer a reasonable explanation to support them. Merely a week after the mining of bitcoin ’s genesis block, Hal Finney opined that BTC could grasp a value of $ 10 million per coin.

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.

Congress faces a government shutdown if a spending deal isn't reached this week

  Congress faces a government shutdown if a spending deal isn't reached this week The federal government is set to run out of funds at the end of the week, teeing up a possible government shutdown if Congress does not act swiftly.Seeking to avoid tough decisions on government funding until after the election, Congress punted a key government funding deadline until Friday after passing a bill to keep the government funded at current levels in late September.

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

Ex -Prudential CEO says MASSIVE amounts of money will flow into Bitcoin in December!You NEED to watch this possible HUGE bitcoin news! Let us know what you

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.

You might also be interested in: NOW NEW - trade Bitcoin & Co. via the finanzen.net app - or for professionals via the Stuttgart Stock Exchange

"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.

editors finanzen.net

Joe Biden's centrist dilemma: Police groups say he's gone too far left; activists say he hasn't gone far enough .
Conflicting interests from police and social justice groups will test Joe Biden's reputation as a centrist as he tries to implement police reform.On one side are the more conservative-leaning law enforcement groups and unions – Biden's longtime allies after three decades in Washington – that now say the former vice president has and will continue to abandon the pro-police policies he championed as a senator.

usr: 1
This is interesting!