US Charges Three Men with $129 Million Theft Using AI Deepfakes to Impersonate Executives

US authorities have charged three men with stealing $129 million from companies worldwide by using deepfake technology to impersonate corporate directors during phone and video calls. The suspects primarily targeted accountants and finance staff, convincing them to authorize large wire transfers under the guise of confidential transactions. They further reinforced the deception by posing as lawyers from major national law firms who were supposedly involved in the deals. The scheme relied on AI-generated voice and video replicas to make the impersonations convincing enough to bypass normal verification processes. Arrests occurred in Spain and the United Kingdom in recent months, with extradition to the United States now requested. If convicted, the defendants face up to 104 years in prison.

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US federal authorities have charged three men with orchestrating a sophisticated fraud that netted 129 million dollars from companies around the world by deploying deepfake technology to impersonate corporate executives.

The suspects contacted employees, mainly bookkeepers and accountants, and posed as company directors. During telephone and video conversations they used artificial intelligence tools to replicate the voice and appearance of the real executives, instructing staff to participate in what was described as a confidential financial transaction.

To increase credibility, the perpetrators directed victims to contact supposed lawyers at prominent national law firms who were allegedly assisting with the same transaction. The fraudsters then impersonated these lawyers in follow-up communications, creating a layered illusion of legitimacy that encouraged employees to transfer large sums to accounts under the suspects’ control.

The scheme operated across multiple countries and succeeded in extracting a total of 129 million dollars. Law enforcement agencies arrested the three men in Spain and the United Kingdom over the past several months. US authorities have formally requested their extradition.

If convicted on all counts, each defendant could receive a maximum sentence of 104 years in federal prison.

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