Three indicted in $129M AI impersonation fraud scheme
Three people have been indicted for using artificial intelligence to impersonate corporate leaders in a $129 million fraud scheme running from July 2024 to February 2026. The indictment was filed in U.S. District Court in New York by the Southern District Attorney's Office. The trio was arrested between June and September in Spain and the UK. Stolen funds were converted into cryptocurrency and distributed among conspirators across multiple countries including the US, Spain, Portugal, and China.