Feds: Microsoft worker stole millions in digital currency


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SEATTLE (AP) — A former Microsoft worker has been charged in what investigators describe as a scheme to steal $10 million in digital currency.

The U.S. attorney's office in Seattle says 25-year-old Ukrainian citizen Volodymyr Kvashuk helped test Microsoft's online retail sales platform.

He's accused of stealing digital currency such as gift cards that could be redeemed for Microsoft products, then reselling them on the internet and using the proceeds to buy a $160,000 Tesla vehicle and a $1.7 million lakefront home. Prosecutors say he was fired in June 2018 after the scheme came to light, and that during the seven months of his activity, $2.8 million was transferred into his bank accounts.

Kvashuk was arrested Tuesday. His attorney did not immediately return an email seeking comment.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast