Three men charged over AI deepfake scheme that defrauded businesses of $129M

US prosecutors have charged Jacob Soall, Sharon Hazan and Guy Sheetrit with conspiracy to commit wire fraud, wire fraud, aggravated identity theft and money laundering. The group allegedly used AI deepfakes of CEOs and lawyers from major international firms, starting with an e-signature email requiring an NDA, to target accounting staff with authority over large transfers. Transfers went to accounts across several countries and were converted to cryptocurrency, with victims including a UK fintech, US hospital systems and a bank.

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