FraudSociety: A Generative Agent-Based Society for the Financial-Fraud Economy

arXiv cs.AIOctober 27, 2026en

arXiv cs.AI

AI Global Wire

arXiv:2610.33536v1 Announce Type: new Abstract: Financial fraud caused over \$15.9 billion in losses in the United States in 2025, according to the Federal Trade Commission~\citep{ftc2026databook}. Understanding such large-scale harm requires jointly modeling informational and financial dynamics. Yet existing simulators typically capture only one side of this interaction, leaving a gap in modeling how fraud unfolds in the real world. To bridge this gap, we introduce \textsc{FraudSociety}, the first LLM-agent-based simulator that jointly models these coupled dynamics. It integrates a dynamic social environment for information exposure and communication, persistent financial ledgers that prese

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