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#7 SecurityWeek general November 06, 2026 at 03:03 UTC

3 Charged in Scheme to Use AI to Impersonate CEOs and Attorneys to Steal $129 Million

By Associated Press

AI Summary

Three suspects — operating under aliases 'Rocky Balboa,' 'Superman Cash,' and 'Fat Boy' — were indicted for using AI-generated deepfakes to impersonate CEOs and attorneys, defrauding businesses of $129 million by targeting accounting departments with fake wire transfer authorizations. The US is pursuing extradition from Europe. This case marks one of the largest AI-assisted business email compromise (BEC) fraud schemes prosecuted to date.

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