The news is out: [A former Microsoft software engineer was sentenced to nine years in prison for stealing over $10 million in store credit and selling it for Bitcoin, the IRS announced on Monday.
The case is a landmark for the IRS, since it’s “the nation’s first Bitcoin case that has a tax component to it,” said IRS-CI Special Agent in Charge Ryan L. Korner.
Volodymyr Kvashuk worked testing Microsoft’s online retail platform between 2016 and 2018, according to the IRS. At first, the IRS says he stole smaller amounts in gift cards and other store credit, totaling about $12,000, using his own account access. However, as he took more and more, he began using coworker’s emails to take the money, according to officials.
“Stealing from your employer is bad enough, but stealing and making it appear that your colleagues are to blame widens the damage beyond dollars and cents,” US Attorney Brian T. Moran said in a statement.
In addition to time in prison, the court ordered that Kvashuk must pay back $8,344,586. He may also face deportation to his home country of Ukraine, the IRS said.]
He is part of the better immigrants.