3 charged in $129 million AI scheme targeting thousands of companies
Summary
Three people were indicted in New York on charges including wire fraud, aggravated identity theft and money laundering. Prosecutors allege they used AI-generated voice and video impersonations of executives and lawyers to trick company employees into wiring about $129 million, then converted the money into cryptocurrency.Key Facts
- The indictment names Jacob Soall, 41, Sharon Hazan, 54, and Guy Sheetrit, 42.
- Prosecutors say the alleged scheme operated for more than a year and a half and targeted thousands of companies worldwide.
- The alleged victims included hospitals, a Rhode Island bank, a UK financial technology company, a Massachusetts mutual fund company and a Florida pet food company.
- The defendants allegedly emailed accounting staff while posing as company CEOs, then used AI to imitate executives during phone or video calls.
- Prosecutors say the group also impersonated lawyers who directed employees to wire money to accounts around the world.
- The funds were allegedly converted into cryptocurrency and distributed among the defendants and others.
- The three defendants were arrested between June and September; the article does not specify the year.
- Most listed charges carry a maximum sentence of 20 years if convicted; aggravated identity theft carries a two-year maximum sentence.
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