# US federal prosecutors say businesses have lost $129M+ to scam calls using AI-generated voices to mimic company executives in the 18 months since July 2024 (Adeel Hassan/New York Times)

Source: [Techmeme](https://www.techmeme.com/261109/p9#a261109p9) · 2026-11-09 · Industry
Page: https://themorning.dev/story/us-federal-prosecutors-say-businesses-have-lost-129m-to-scam-calls-using-ai-gene-3798acc6ede853ec
Kind: other · Impact: medium

## In brief

- US federal prosecutors say businesses have lost more than $129M to scam calls using AI-generated voices that mimic company executives, over the 18 months since July 2024.
- A federal indictment alleges three men used deepfakes of company CEOs and law firm attorneys to trick employees into wiring money to accounts the group controlled.
- The indictment names Jacob Soall, 41, Sharon Hazan, 54, and Guy Sheetrit.

## Why it matters

Voice and video deepfakes can convincingly impersonate executives, so payment instructions that arrive by phone or video call can no longer be trusted on sound or appearance alone.

## Timeline

- 2026-11-09: US Justice Department announces indictment of three men over deepfake executive scam calls totaling $129M+

## Coverage

- [Trio accused of using deepfake CEOs and bogus lawyers to scam businesses out of $129 million](https://www.helpnetsecurity.com/2026/11/09/deepfake-ceo-fraud-129-million-indictment/) — Help Net Security, 2026-11-09
- [US federal prosecutors say businesses have lost $129M+ to scam calls using AI-generated voices to mimic company executives in the 18 months since July 2024 (Adeel Hassan/New York Times)](https://www.techmeme.com/261109/p9#a261109p9) — Techmeme, 2026-11-09

Tags: deepfake, fraud, voice-cloning, social-engineering, law-enforcement

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Brief generated by AI (claude-haiku-5-5) from the reporting listed under Coverage. Headlines belong to their publishers. The Morning Dev – https://themorning.dev