A North Carolina man has pled guilty to defrauding streaming platforms of more than $8 million in royalties by using AI-generated songs and bots — agreeing to return the money as he awaits sentencing.
Mike Smith, pled guilty to one count of conspiracy to commit wire fraud before U.S. District Judge John G. Koeltl. The 54-year-old is expected to be sentenced in July, according to a report by Rolling Stone .
The charge carries a maximum sentence of five years in prison. In the meantime, Smith has agreed to pay a staggering $8,091,843.64 in forfeiture.
On Thursday, Smith admitted to creating hundreds of thousands of songs with generative AI…
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