Incident for Volodymyr Kvashuk 2020-11-09

First Name Volodymyr
Other Name
Last Name Kvashuk
Alias
DOB Unknown
Age 26
Gender male
Location US
Location
Information According to records filed in the case and testimony at trial, KVASHUK was involved in the testing of Microsoft’s online retail sales platform and used that testing access to steal “currency stored value” (CSV) such as digital gift cards. KVASHUK resold the value on the internet, using the proceeds to purchase a $1.6 million dollar lakefront home and a $160,000 Tesla vehicle. Initially, KVASHUK stole smaller amounts totaling about $12,000 in value using his own account access. As the thefts escalated into millions of dollars of value, KVASHUK used test email accounts associated with other employees. KVASHUK, a knowledgeable software developer, attempted to mask digital evidence that would trace the fraud and the internet sales back to him. He used a bitcoin “mixing” service in an attempt to hide the source of the funds ultimately passing into his bank account. In all, over the seven months of KVASHUK’s illegal activity, approximately $2.8 million in bitcoin were transferred to his bank and investment accounts. KVASHUK then filed fake tax return forms, claiming the bitcoin had been a gift from a relative.
Pending Outcome No
Damages Costs 10000000
Date Of Crime Unknown
Crime(s) Fraud
Motovation(s) profit
Victim(s) Microsoft
Charge(s) Mail fraud Access device fraud access to a protected computer in furtherance of fraud Wire Fraud Money laundering Aggravated identity theft
Authorities IRSCI FBI Secret Service
Authorities Statement view
Prosecutors Michael Dion Siddharth Velamoor
Judges James L. Robart
Sentenced Yes
Sentenced Date 2020-11-09
Sentenced Information
Sentenced Jail Yes
Sentenced Months 108
Restitution Yes
Restitution Amount 8344586

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