Former Microsoft employee bought $1.6M house after stealing millions in digital currency, feds allege - News Summed Up

Former Microsoft employee bought $1.6M house after stealing millions in digital currency, feds allege


"Kvashuk, a knowledgeable software developer, attempted to mask digital evidence that would trace the fraud and the internet sales back to him," it added. "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 was transferred to his bank accounts." Prosecutors say Microsoft confronted Kvashuk about the thefts in May 2018 and he was fired a month later. Kvashuk made his initial appearance at the U.S. District Court in Seattle on Tuesday and has been detained pending another hearing scheduled for Friday.


Source: Fox News July 17, 2019 17:37 UTC



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