FOR IMMEDIATE RELEASE
Boston, Massachusetts. (November 13, 2026) According to the Southern District of NY (link below) Indictment:
Between 2024 and 2026, three co-conspirators used AI to impersonate the voices and/or images of corporate executives at numerous companies (the “Victim Companies”) and attorneys at major law firms in order to trick employees into sending large payments to bank accounts all over the world controlled by members of the conspiracy.
The fraud scheme ultimately stole more than $129 million from Victim Companies all over the United States and the world, including: (i) $4,829,580 from a hospital system headquartered in Missouri; (ii) $2,684,580 from a bank headquartered in Rhode Island; (iii) $2,968,497 from a hospital system headquartered in California; (iv) $11,578,474 from a financial technology company headquartered in the United Kingdom; (v) $4,639,918 from a mutual fund company headquartered in Massachusetts; and (vi) $5,242,747 from a pet food company headquartered in Florida.
The co-conspirators typically began their fraud scheme by pretending to be the Chief Executive Officers at the Victim Companies. They would explain that they needed an employee’s help on a confidential financial transaction and would use AI to mimic the CEO’s voice in calls with the employee. While pretending to be the CEO, they would direct the employee to get in touch with lawyers at large international law firms. They would then also impersonate those lawyers to further make the employee believe that the financial transaction was real.
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Southern District of NY press release: https://www.justice.gov/usao-sdny/pr/three-foreign-nationals-arrested-and-charged-scheme-use-super-intelligence-defraud