Fideuram Defrauded of More Than €95 Million in Executive Impersonation Scam

  • Fideuram was defrauded of more than €95 million through executive impersonation.
  • Fraudsters used impersonation to authorize 11 payments.
  • More than €36 million was funneled through international accounts.

Italian private bank Fideuram was defrauded of more than €95 million after fraudsters impersonated top executives to authorize 11 payments. More than €36 million of the stolen funds was funneled through international accounts. The updated account supersedes the earlier description of a $110.4 million transfer involving an AI-cloned lawyer's voice.

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