Incident for Volodymyr Kvashuk 2020-11-09 
First Name | Volodymyr |
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Other Name | |
Last Name | Kvashuk |
Alias | |
DOB | Unknown |
Age | 26 |
Gender | male |
Location | US |
Location | ![]() |
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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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