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US authorities charged three men with a $129 million fraud scheme using AI to fake CEOs' voices. The indictment covers 2024 to 2026, detailing how the group defrauded victims including a Missouri hospital system losing $4.8m and a UK fintech company losing $11.6m. Money moved through Spain, Greece, the UAE, Singapore, and China before converting to cryptocurrency.
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Summary by ByteBrief
Three Men Indicted for AI CEO Spoofing