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July 16, 2019, 7:45 p.m. EDT

Microsoft worker charged with stealing millions in digital currency scam

25-year-old resold gift cards, used proceeds to buy a Tesla and a lake house, feds say

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By Associated Press


Getty Images
The Visitor's Center at Microsoft Headquarters campus in Redmond, Wash.

SEATTLE — 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 /zigman2/quotes/207732364/composite MSFT -3.19%   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 /zigman2/quotes/203558040/composite TSLA -4.84%  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.

/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 133.39
-4.39 -3.19%
Volume: 38.52M
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P/E Ratio
26.31
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Market Cap
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$902,473
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 211.40
-10.75 -4.84%
Volume: 8.56M
Aug. 23, 2019 4:00p
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Market Cap
$37.87 billion
Rev. per Employee
$439,627
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