Endless Thread Defrauding Big Tech
Sep 27, 2024
Scammers are targeting Big Tech in audacious schemes, including one man who allegedly stole royalty payments by creating AI-generated songs from fake bands. The podcast dives into a Lithuanian mastermind's $100 million con involving impersonation and fake invoices directed at giants like Google and Facebook. It raises tough questions about ethics in the music industry amid rampant fraud and emphasizes the moral dilemmas surrounding heist culture. With a mix of humor and caution, the hosts encourage listeners to enjoy the stories without following suit.
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Danny Schrag's Spotify Strategy
- Ben Brock Johnson's friend, Danny Schrag, a musician and jet engine salesman, had a unique approach to Spotify.
- He spread his piano music across multiple albums and artist names to manipulate the algorithm for more plays.
AI-Generated Music Fraud
- Michael Smith allegedly used AI-generated music and bot accounts to defraud streaming platforms.
- He generated millions in fake royalties, raising questions about artist compensation and AI music's legitimacy.
Rimasauskas' $120 Million Heist
- Evaldis Rimasauskas orchestrated a complex scheme, defrauding Google and Facebook out of $120 million.
- He meticulously researched the companies, created a fake Quanta Computer, and manipulated invoices and bank details.