LLMs and the economics of Evil, Inc., with Manish Goregaokar

LLMs and the economics of Evil, Inc., with Manish Goregaokar

August 13, 2026 · 1h 3m · Episode 101

About this episode

Patrick McKenzie discusses the impact of LLMs on the economics of scams with Manish Goregaokar, exploring various fraudulent schemes and security implications.

Patrick McKenzie (patio11) is joined by Manish Goregaokar, a senior software engineer and member of the Rust security response team, to discuss what LLMs do to the cost side of running a sophisticated con. They walk through a scam built for programmers: a plausible company, a few rounds of interviews, and an NDA signed via "sign in with email" that quietly hands an attacker the identity account everything else resets against. A version of it hit at least five people in the Rust community within days of Manish publishing on the subject, and Patrick describes being targeted himself by someone posing as a Bloomberg reporter who wanted him on a Zoom call with a codec problem. They also cover money mules and the three stages of laundering, the $25 million Hong Kong transfer authorized on a fully deepfaked video call, and why the only durable individual defense is refusing to trust any communication you did not initiate. – Full transcript available here: https://www.complexsystemspodcast.com/what-llms-do-to-the-economics-of-scams-with-manish-goregaokar/ – Presenting Sponsors: Mercury , MongoDB & Granola Complex Systems is presented by Mercury—radically better banking for founders…

Sponsors

Mercury, MongoDB, Granola

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