Former Microsoft worker accused of stealing millions in digital currency including gift cards
A former Microsoft employee is accused of stealing digital currency, redeeming them, and reselling items to make millions.
What you need to know
- A former Microsoft employee is accused of stealing millions of dollars worth of digital currency.
- The accused helped test Microsoft's online retail sales platform.
- Prosecutors say the accused was fired in June 2018.
Volodymyr Kvashuk, a former Microsoft employee, has been charged regarding an investigation into a scheme to steal $10 million worth of digital currency (via AP). Kvashuk is 25 years old, and according to the U.S. attorney's office helped test Microsoft's online retail sales platform.
Kvashuk is accused of stealing gift cards and other forms of digital currency which could be redeemed for Microsoft products and reselling those products on the internet. He allegedly used the proceeds to purchase a $160,000 Tesla vehicle and a $1.7 million lakefront home.
Kvashuk was fired in June 2018 according to prosecutors after the scheme was discovered. He allegedly transferred $2.8 million into his bank accounts during the seven months he was active.
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Sean Endicott is a tech journalist at Windows Central, specializing in Windows, Microsoft software, AI, and PCs. He's covered major launches, from Windows 10 and 11 to the rise of AI tools like ChatGPT. Sean's journey began with the Lumia 740, leading to strong ties with app developers. Outside writing, he coaches American football, utilizing Microsoft services to manage his team. He studied broadcast journalism at Nottingham Trent University and is active on X @SeanEndicott_ and Threads @sean_endicott_.