TLDR
Fraudsters use GPT 4 / Claude to write a 50 page business plan + Midjourney for team photos + Stable Diffusion for product mockups + fake employee LinkedIn farm. Apply for EU Horizon, EIC Accelerator, regional grants, accelerator programs,...
How it works
Fraudsters use GPT 4 / Claude to write a 50 page business plan + Midjourney for team photos + Stable Diffusion for product mockups + fake employee LinkedIn farm. Apply for EU Horizon, EIC Accelerator, regional grants, accelerator programs,...
Red flags
- Urgent pressure to click, pay, or share codes immediately.
- A link or sender that does not match the official organization.
- Requests for card data, passwords, OTPs, wallet signatures, or bank transfers.
What to do
- 1DO: require live video diligence; demand customer references with callable numbers; verify cap table via national company register (Companies House, Handelsregister, ECCC).
Source
Council-of-Europe-AI-Misuse
Source reviewed by Mythos Forensic Team
https://www.coe.int/en/web/artificial-intelligenceFAQ
Is AI generated fake startup applying for EU grants / VC funding a real scam pattern?
Yes. Treat the message, call, or payment request as suspicious until you verify it through an official channel.
What are the first warning signs?
Urgent pressure to click, pay, or share codes immediately.; A link or sender that does not match the official organization.; Requests for card data, passwords, OTPs, wallet signatures, or bank transfers.
What should I do first?
DO: require live video diligence; demand customer references with callable numbers; verify cap table via national company register (Companies House, Handelsregister, ECCC).
Can LegalAudit check my case?
Yes. Start a free chat and paste the message, link, sender, or payment details for triage.