21.4 C
New York
Friday, November 27, 2020

Latest Posts

Samsung Galaxy A71 and Galaxy A91 will only be featured after the Galaxy S11

We already know that 2020 will bring us a new formation of members of the Galaxy...

Intel confirms 10 nanometer processors release in June

In its investor day, Intel announced the good news. Ice Lake 10 nanometer (nm) processors are...

Amazfit Stratos 3: New update impresses with support for 80 sports!

Amazfit is one of today's most popular smartwatch manufacturers, with its portfolio the perfect smartwatch for...

Blade Runner 2049: Here's the official trailer!

After 35 years since the premiere of the original film, today comes the trailer Blade Runner's...

Microsoft: employee stole 10 million dollars and got 9 years in prison!

A Microsoft employee has just been sentenced to 9 years in prison, after stealing more than 8 million euros from the company. Volodymyr Kvashuk, a former Microsoft software developer, managed to steal millions from the company through “gift cards”.

The Ukrainian programmer, between 2016 and 2018, was integrated as a tester for the shopping platform implemented in the Microsoft online store. Its function was to make fictitious purchases, to ensure that the system worked correctly. Obviously, these orders were automatically canceled and Kvashuk never received the products.

Microsoft theft million euros

But, he ended up discovering that the system did not prohibit him from buying virtual “gift cards”, giving him access to the real codes. This way, he was able to buy the cards with his trial account and then use them to buy products at the Microsoft store.

“Lie has a short leg” and the Microsoft programmer will spend 9 years in prison

It took 2 years before he was caught, but a generous list of blunders eventually led to the FBI managing to link the thefts to Kvashuk.

To test his system, the programmer used the first gift cards to buy an Office subscription and two graphics cards. Realizing that no one had stopped the products from being shipped, he decided to take his blow to a much higher level.

Between the end of 2017 and the beginning of 2018, he had already managed to defraud his employer by large millions of euros. At that time, Kvashuk did not use cards. Instead, he sold them online in exchange for Bitcoin, which he eventually raised through Coinbase.

According to information disclosed by the US authorities, Kvashuk made a profit of almost 3 million euros, which he used to buy a Tesla car and a mansion overlooking the sea, valued at 1.6 million dollars. Obviously, he got only a fraction of the amount stolen, because he was forced to sell the cards at irresistible prices.

FBI just needed to assemble all the puzzle pieces left behind by the con man

Although he began to be much more careful as the dimensions of his scheme increased, Kvashuk continued to make some gross mistakes that eventually allowed the FBI to make the connection between him and the theft to Microsoft.

First, the programmer used the same VPN on several occasions to access different accounts, allowing the FBI to create a connection between all of them. In addition, the magical Bitcoin fortune generated by Kvashuk was also crucial, since his ingenuity allowed correlating card thefts and their use to deposits in his account.

These were just the main mistakes that ended up leading to the final sentence of 9 years in prison to be served in the United States. After serving his sentence, he will be extradited to Ukraine. The sentence also included compensation in excess of $ 8 million, but it is unlikely that he will be able to pay that amount to Microsoft.

EBox editors recommend:

Latest Posts

Black Friday 2020: the best technology discounts in UK

Black Friday is celebrated on November 27, 2020, marking the last Friday of the month. ...

Redmi Note 9 Pro 5G was an instant success. Astronomical pre-order number!

After its presentation event yesterday in China, the new smartphones from Xiaomi's subsidiary - Redmi Note...

It’s time to domotize your home with all these Black Friday offers

Open the door without keys Something extremely practical is being able to go outside without worrying about the keys. With the kit Nuki Combo...

Caught stealing PS5 on video, Amazon courier gets fired

PlayStation 5 arrived in Europe last week, being one of the most desired consoles ever. ...

Don't Miss

Samsung Galaxy Z Flip comes with a (seriously) higher price in UK! Understand the reason

The Samsung Galaxy Z Flip was yesterday's first star of the night. Samsung did not have...

Lightyear One, the new solar-powered car. Know the video concept

Lightyear has unveiled its prototype of a vehicle capable of charging through sunlight. The model is...

Netflix begins testing long term subscriptions! But it hasn't arrived in UK yet

Netflix continues to be one of the most popular streaming services today, having successfully captured users...

Apple can’t handle the huge popularity of Apple AirPods Pro

It is not every day that we talk about a product, whether from Apple or any...

Niantic Pokémon Go: New Legendary Pokémon Now Available

Niantic continues to release new information for Pokémon Go. This time, it's Moltres' turn, the legendary...
%d bloggers like this: