Federal prosecutors in Manhattan say Jacob Soall, Sharon Hazan, and Guy Sheetrit used artificial intelligence to impersonate executives and lawyers, tricking companies into fraudulent wire transfers worth more than $129 million. The alleged scheme involved contacting accounting staff with a fake executive before a supposed lawyer provided payment instructions. Victims included a Missouri hospital system, a UK fintech company, a Florida pet food company, a Rhode Island bank, a California hospital, and a Massachusetts mutual fund, with individual losses ranging from about $2 million to more than $11 million. All three suspects were arrested in Europe in 2026 and are awaiting extradition to the United States; some stolen funds were allegedly converted into cryptocurrency as part of the money-laundering process.
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