A former Microsoft engineer has been sentenced to 9 years for stealing greater than $10 million in digital worth from his previous employer within the type of “forex saved worth” (CSV) together with present playing cards.

Volodymyr Kvashuk, a 26-year-old Ukrainian citizen residing in Washington, used the accounts and identities of his fellow workers to steal after which promote the CSV — making it seem as if his co-workers have been accountable for the fraud. Kvashuk additionally used a Bitcoin (BTC) mixing service to additional obfuscate the paper path and filed fraudulent tax returns

Brian Moran of the U.S. Lawyer’s workplace said:

“Stealing out of your employer is dangerous sufficient, however stealing and making it seem that your colleagues are accountable widens the harm past {dollars} and cents.”

Kvushuk was charged with 18 federal felonies together with six counts of cash laundering and two counts of submitting false tax returns. The Ukrainian used the stolen funds to buy a $1.6 million lake-front house and $160,000 Tesla car.

Based on Inner Income Service particular agent Ryan Korner, the sentencing is “the nation’s first Bitcoin case that has a tax part to it.”

“Merely put, as we speak’s sentencing proves you can not steal cash by way of the Web and assume that Bitcoin goes to cover your legal behaviors.”

Kvashuk labored at Microsoft from August 2016 till being fired in June 2018.