Express

Ex-Microsoft Engineer Gets Prison Sentenced For Bitcoin Tax Fraud

Amy Liu

Summary: As reported by Forbes, a former Microsoft engineer, Volodymyr Kvashuk, was sentenced today for nine years for defrauding Microsoft for more than $10 million, using a bitcoin mixer to hide taxable income and filing fraudulent tax returns. This is the nation’s first Bitcoin case that has a tax component to it according to the IRS. ...

As reported by Forbes, a former Microsoft engineer, Volodymyr Kvashuk, was sentenced today for nine years for defrauding Microsoft for more than $10 million, using a bitcoin mixer to hide taxable income and filing fraudulent tax returns. This is the nation’s first Bitcoin case that has a tax component to it according to the IRS. Volodymyr Kvashuk was arrested in July 2019 for allegedly participating in the theft of US$10 million in digital currency.

By Amy Liu

Last Update:

Tags: ,,
Link: Ex-Microsoft Engineer Gets Prison Sentenced For Bitcoin Tax Fraud   [Copy]
Next:

Related Articles

  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 18 hours ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 4 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 5 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 7 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 8 days ago

    • You need to login to comment.