Fraudsters using AI-generated voice cloning and fake WhatsApp messages stole €95 million from Fideuram, the private banking arm of Intesa Sanpaolo, in one of the largest executive-impersonation scams disclosed by a major European financial institution. The scheme began in February 2026, when former Fideuram chairman Paolo Molesini received a WhatsApp message appearing to come from Intesa Sanpaolo CEO Carlo Messina and requesting urgent overseas transfers. A follow-up call used an AI-cloned voice resembling lawyer Paolo Nastasi, while fake emails reinforced the deception. The money was sent mainly to accounts in China and Hong Kong. International cooperation recovered about €40 million through Chinese banks and seized another €13 million with help from Portuguese authorities and Eurojust. Reports put total recoveries at roughly €53 million to €59 million, while approximately €36 million was converted into crypto assets and remains difficult to recover. Molesini stepped down on March 16, 2026, and is not under investigation by Italian prosecutors. The incident was disclosed publicly on September 25, 2026. Intesa Sanpaolo has reported blocking thousands of AI-generated scam attempts targeting its CEO since the start of 2026.