Jargon, explained
Explained: 3 charged in scheme to use AI to impersonate CEOs and attorneys to steal $129 million
Compiled Nov 5
Three people — Jacob Soall, 41, Sharon Hazan, 54, and Guy Sheetrit, 42 — were indicted on wire fraud and aggravated identity theft charges, plus money laundering.
- wire fraud
- A crime involving fraud committed through electronic communications, like email or phone calls, to deceive victims into transferring money.
- aggravated identity theft
- A federal charge for knowingly using someone else's identity, such as impersonating a real person, during certain crimes.
- money laundering
- Processing illegally obtained money, often by converting it into other assets, to disguise its illegal origin.
- indictment
- A formal charge or accusation of a serious crime issued by a grand jury.