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Fraud

Editorial writing on Fraud from The Family Office Almanac.

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A cloned voice and a WhatsApp message moved €95m out of Intesa's private bank

Fideuram, Intesa Sanpaolo's private banking arm, sent about €95m abroad in February after its chairman was deceived by a fake message and an AI-generated voice. Roughly €53m came back. The rest became cryptocurrency.

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