In a previous article on Arab Bitcoin, we talked about this Microsoft employee and how he took advantage of the trial accounts that users registered for the purpose of purchasing Microsoft services, and transferred them to him by exploiting users’ credit cards to buy gift cards, then converting them to Bitcoin and then converting them again to cash.

The 26-year-old employee, Volodymyr Kvashuk, will be sentenced to prison for his actions.

Nine years in prison for stealing $10 million in Bitcoin:

The US Court of Justice’s initial ruling confirmed that the 26-year-old Ukrainian employee could face up to twenty years in prison.

But he said statement From the US Department of Justice, a Microsoft employee was sentenced to nine years behind bars.

Read:Since the launch of the smart contracts feature…the price of the digital currency Cardano has fallen to minimum levels

Kvashuk used his position in Microsoft’s online retail program to steal users’ money and store it in a CSV file).

This money was used to purchase digital gift cards.

First, Kvashuk stole small amounts of up to $12,000 using his own account.

He then decided to blame his colleagues by using their accounts and passwords once the stolen money increased to millions of dollars.

In the end, Kvashuk sent millions of dollars worth of bitcoin to his personal accounts and used bitcoin mixers to hide the sources.

US Attorney Brian T. Moran” on this issue by saying:

Stealing from an employer is bad enough, but stealing and showing your colleagues that they are to blame expands the damage beyond dollars and cents.

This case required sophisticated technical skills for investigation and prosecution, and I am pleased that our law enforcement partners and the US Attorney’s Office have the skills to bring these criminals to justice.

Buying expensive homes and a Tesla car:

The Justice Department statement indicated that Kvachok used the money to live the life of a millionaire.

Read:Nike Files a Patent for Marking Shoes on the Ethereum Blockchain

He bought a waterfront home worth $1.6 million and a Tesla car worth $160,000.

The court ruling stated that Kvachok did not take responsibility for his actions.

Instead, he told a series of outrageous lies when he testified.

Prosecutors believe Kvachok has shown no signs of remorse for his crimes.

Interestingly, Ukrainian Kvashuk said during the trial that he had no intention of defrauding Microsoft or his colleagues.

He claimed that he was working on a “special project” for the company, but in reality he was working for him and only in malicious ways.

Kvashuk has to pay more than $8 million in compensation and may be deported after his imprisonment.

Read also:

Cryptocurrency lending platform Cred submits a request for bankruptcy protection … Details here

Bitcoin is approaching the $15,000 level with no apparent interest from retail investors!