AI Fraud Scheme Targets Companies, Law Firms

Federal prosecutors in Manhattan have unsealed an indictment alleging a trio used artificial intelligence to impersonate corporate executives and attorneys, defrauding companies of nearly $130 million. The indictment details how the individuals allegedly used AI to mimic voices of executives and legal professionals to deceive employees into transferring funds to global bank accounts.

The scheme, which spanned from July 2024 to February 2026, involved the trio allegedly impersonating lawyers to further convince employees that financial transactions were legitimate. The indictment claims the fraudulent activities were coordinated to exploit trust in corporate and legal communications.

Three foreign nationals were recently arrested in connection with the scheme, according to the DOJ. One of the accused, Hazan, had a prior conviction in 2008 for conspiracy to commit bank fraud in Manhattan federal court.