EddieJayonCrypto
21 Jun 25
Texas resident Gary Cunningham is suing PlainsCapital Bank and Pathward N.A. after $20,000 was fraudulently transferred from his account using AI to clone his voice and trick his accountant into transferring funds to a Pathward account. Cunningham, who was traveling at the time, claims the banks wer...
Two billion-dollar banks are facing a lawsuit after failing to prevent a $20,000 fraudulent transfer facilitated by AI-driven voice cloning. Texas resident Gary Cunningham alleges that criminals cloned his voice using artificial intelligence to deceive his accountant into transferring funds from Cunningham’s account to a Pathward Financial account instead of its usual destination.
Cunningham, who was traveling at the time, claims the banks—PlainsCapital Bank and Pathward N.A.—were grossly negligent in protecting against this type of AI-initiated fraud. Representing himself in court, the 76-year-old insists that better security measures are essential to prevent similar incidents, especially as financial fraud targeting elderly Americans continues to rise sharply.
The case shines a spotlight on the growing threat posed by sophisticated AI tools in financial crimes. Despite Cunningham not being a trained lawyer, he has leveraged court knowledge from his late wife and support from lawyer friends to pursue this action. This lawsuit emerges amid broader concerns as elderly Americans lose over $3 billion annually to fraud, illustrating the urgent need for enhanced safeguards in banking systems.