Feds Want Nearly 4 Years in Prison for AI Music Fraudster Who Stole Millions
News Source : Rolling Stone
News Summary
- Michael Smith used artificial intelligence to create thousands of fake songs by invented artists.
- He then unleashed an army of bot accounts to stream the tracks billions of times and siphon millions from royalty pools.
- Prosecutors said Smith pocketed more than $8 million in unearned royalties overall.
- Smith accepted a deal from prosecutors in March, pleading guilty to one count of conspiracy to commit wire fraud, which carries a maximum sentence of five years in prison and $8,091,843.64 in forfeiture.
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