FATA News Alert
Contributing Authors: Emily Chee, CPA, CMA, CITP, CISA, CFF, CFE; Viola Pang, CPA, CISA
In the News: $10M Music Streaming Royalty Scam Using AI Generated Music¹²
Background:
A North Carolina musician was arrested by US authorities in September 2024 for allegedly conducting music streaming fraud. The defendant was accused of using artificial intelligence (AI) generated music and an army of bots to stream his AI music library and exploit the royalties model used by the streaming giants.