Trending
Prev Story
Next Story

US charges three over $129m AI CEO impersonation scheme

The Next Web (TNW) •
November 07, 2026 • 11:01 AM
• By Alina Maria Stan
1
1 reads 0 reactions

US prosecutors say three men used AI to pose as CEOs and lawyers on calls, tricking staff into wiring $129m. Two are held in Spain, one in the UK.

1 / 5
Swipe Photos

The men are Jacob Soall, 41, Sharon Hazan, 54, and Guy Sheetrit, 42. Spanish police arrested Soall and Hazan in June and August, and UK police arrested Sheetrit in September. The US has asked for all three to be extradited.

The scheme ran from 2024 to 2026, according to the indictment. The men would call an employee while posing as the company’s chief executive, using AI to mimic the boss’s voice or image. They would ask for help with a secret deal.

The fake CEO then told the employee to contact a lawyer at a large international law firm. Another member of the group posed as that lawyer and gave the bank details for a large transfer.

The victims included a Missouri hospital system, which lost about $4.8m, and a UK fintech company, which lost about $11.6m. A Rhode Island bank, a California hospital system, a Massachusetts mutual fund, and a Florida pet food company were also hit.

The money went to accounts in countries including Spain, Greece, the UAE, Singapore, and China. It was then turned into cryptocurrency to hide where it came from, prosecutors said.

Soall mainly posed as UK lawyers and kept a handwritten script called Lawyer Call , according to the indictment. Hazan and Sheetrit are accused of laundering the money. Hazan was convicted of bank fraud conspiracy in the same court in 2008.

The three face charges including wire fraud, money laundering, and aggravated identity theft. The most serious counts carry up to 20 years in prison. The charges are allegations, and the men are presumed innocent.

The case is a larger version of a 2019 voice-cloning fraud , in which criminals faked a CEO’s voice to steal $243,000. Since then, AI impersonation scams have grown fast.

Get the most important tech news in your inbox each week.

Prev Swipe Story Next

Same Story from Other Publications

Compare how 6 other independent news outlets reported on this story.

6 Publications
The Australian Financial Review (AFR)
1h ago
‘They think I’m from South Texas’: Understated Aussie CEO’s time to come home

‘They think I’m from South Texas’: Understated Aussie CEO’s time to come home

After a decade in Vegas, outgoing Aristocrat chief executive Trevor Croker leaves behind a $40 billion-dollar legacy.

CNBC World
4h ago
HSBC downgrades Nvidia, says stock to struggle until new CEO named

HSBC downgrades Nvidia, says stock to struggle until new CEO named

Analyst Frank Lee downgraded the chipmaker to hold from buy.

NPR News
7h ago
Nvidia CEO steps down. And, Sen. Chris Van Hollen to run for majority leader

Nvidia CEO steps down. And, Sen. Chris Van Hollen to run for majority leader

Nvidia's chief financial officer has been appointed interim CEO after Jensen Huang stepped down from the role. And, Sen. Chris Van Hollen says he will challenge Chuck Schumer for majority leader.

The Age
14h ago
‘I don’t care’: Inside Jensen Huang’s last hours as Nvidia CEO

‘I don’t care’: Inside Jensen Huang’s last hours as Nvidia CEO

At the end, Jensen Huang looked broken and shattered, his legendary energy depleted.

BBC News
17h ago
How could the Nvidia CEO’s affair threaten US national security?

How could the Nvidia CEO’s affair threaten US national security?

BBC's Asma Khalid explains how the Nvidia affair could threaten US national security and risk sensitive US technology getting into China.

Hamro Patro News
19h ago
Nvidia CEO Jensen Huang Resigns Amid Allegations of Extramarital Affairs and Espionage Concerns

Nvidia CEO Jensen Huang Resigns Amid Allegations of Extramarital Affairs and Espionage Concerns

New York. The chief executive officer (CEO) of Nvidia, a leading company in the artificial intelligence (AI) chip manufacturing sector, Jensen Huang, has unexpectedly resigned from his post. His r...

Related Stories

World News
Build #2611