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Man Arrested for Creating Fake Bands With AI, Then Making $10 Million by Listening to Their Songs With Bots (futurism.com)

submitted 2 months ago by [email protected] to c/[email protected]

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An alleged scammer has been arrested under suspicion that he used AI to create a wild number of fake bands — and fake music to go with them — and faking untold streams with more bots to earn millions in ill-gotten revenue.

In a press release, the Department of Justice announced that investigators have arrested 52-year-old North Carolina man Michael Smith, who has been charged with a purportedly seven-year scheme that involved using his real-life music skills to make more than $10 million in royalties.

Indicted on three counts involving money laundering and wire fraud, the Charlotte-area man faces a maximum of 20 years per charge.

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[–] [email protected] 1 points 2 months ago* (last edited 2 months ago)

You and me might buy our music on bandcamp, but the vast, vast, vast majority of people still just pay for spotify and never give how it works a second thought.

A moderetely successful indie artist is still likely to make way more having their albums on streaming services, than they are selling them on bandcamp.

you can't really use technological complexity as an excuse to depend on fat middlemen.

Is that what I'm doing? At no point did I say streaming services could be fair and good if only this one issue was fixed. Merely that play farming works by skimming the money from real artists.

Now, I'd also like to ask "wtf", since you are kinda suggesting that it is the artist's that are at fault for not getting the money they need to live, by not using their own websites/bandcamp.