Two Israelis Charged in AI-Powered Global Fraud Scheme
Translated & summarized from Panet by baba
U.S. authorities have charged two Israelis, Sharon Hazan and Guy Shtrit, along with Jacob Shull, in a global fraud scheme involving over $129 million. The defendants allegedly used AI to impersonate executives and lawyers, tricking employees into transferring funds to accounts they controlled. The stolen money was converted into cryptocurrency, and victims included U.S. and British institutions. The indictment was unsealed yesterday.
The story in 5 lines · by baba
- Two Israelis, Sharon Hazan and Guy Shtrit, are accused of a $129 million AI-powered global fraud.
- The defendants allegedly used AI to impersonate executives and lawyers to authorize fake financial transfers.
- Jacob Shull, residing in Spain and Britain, is also charged in the international scheme.
- Victims included hospitals, financial institutions, and tech companies in the U.S. and Britain.
- Stolen funds were converted into cryptocurrency to conceal their origins.
U.S. authorities have uncovered a massive international fraud operation in which two Israelis and a third individual are accused of using artificial intelligence to impersonate corporate executives and lawyers, stealing over $129 million from companies worldwide. The indictment, revealed yesterday, states that Israelis Sharon Hazan, 54, and Guy Shtrit, 42, along with Jacob Shull, 41, who resides in Spain and Britain, employed advanced techniques to mimic the voices and faces of executives. Their goal was to persuade employees to execute large financial transfers for purported secret deals. The indictment further detailed that the defendants contacted employees authorized to transfer funds, assuming the identities of lawyers from major law firms to legitimize the fake transactions before directing victims to transfer money to accounts they controlled. Investigations revealed the accused converted the stolen funds into cryptocurrency to obscure their origins. Victims included hospitals, financial institutions, and technology companies in the United States and Britain.
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