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Former Microsoft Software Engineer Convicted of Fraud
The 25-year-old was convicted of 18 charges stemming from illegal access to money stored in online gift cards.
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Volodymyr Kvashuk, a former Microsoft software engineer, has been convicted on 18 federal felonies. The conviction covers five counts of wire fraud, six counts of money laundering, two counts of aggravated identity theft, two counts of filing false tax returns, and one count each of mail fraud, access device fraud, and access to a protected computer in furtherance of fraud.
Kvashuk, 25, had been employed in testing Microsoft's online retail sales platform. He used the access associated with the testing process to steal the value found in online gift cards, ultimately making off with approximately $2.8 million. He used the proceeds to buy, among other things, a $1.6 million lakefront home and a $160,000 Tesla.
Sentencing in the case is scheduled for June 1. Kvashuk faces up to 20 years in federal prison.
Read more here.
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