Alleged Scheme Used AI Voice and Video Impersonation to Steal $129 Million

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According to an indictment, the defendants carried out a scheme using aliases such as 'Rocky Balboa,' 'Superman Cash,' and 'Fat Boy.' They coordinated calls with victims in which artificial intelligence was used to imitate a company CEO's voice and, at times, appearance. These deceptive calls were used to persuade targets to take actions that enabled the theft of roughly $129 million. The indictment details how the group relied on AI-generated impersonation to make the fraud more convincing. The case highlights the growing use of AI tools in financial crime.

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