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Three people have been indicted in New York on charges of wire fraud, aggravated identity theft and money laundering, accused of using AI to impersonate corporate executives and attorneys and steal about $129 million. Prosecutors say they targeted thousands of companies over more than 18 months, persuading employees to wire money that was converted into cryptocurrency. The defendants were arrested between June and September; the charges carry maximum sentences of up to 20 years, except aggravated identity theft, which carries a two-year maximum.
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