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AI Startup CEO Pleaded Guilty in US to Trading on Insider Tips From Lawyers

Prosecutors say he earned $950,000 from trades based on merger tips shared by lawyers and agreed to forfeit nearly all of it.

Summary by Channel News Asia
BOSTON, July 7 : The founder and chief executive of an AI startup secretly pleaded guilty last year to participating in a vast scheme in which attorneys at major law firms tipped traders about mergers their employers were advising on.Court records unsealed on Monday show that Arya Bolurfrushan, a former Goldm

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DevdiscourseDevdiscourse
Center

Insider Trading Scandal: The Secret Guilty Plea of an AI startup CEO

Read more about Insider Trading Scandal: The Secret Guilty Plea of an AI startup CEO on Devdiscourse.

·India
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CNBCCNBC
Lean Left

AI startup CEO pleaded guilty in U.S. to trading on insider tips from lawyers

Court records unsealed Monday show that Arya Bolurfrushan, founder of Abu Dhabi-based AppliedAI, pleaded guilty last year in ‌a deal with prosecutors in Boston.

·Englewood Cliffs, United States
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Channel News AsiaChannel News Asia
Center

AI startup CEO pleaded guilty in US to trading on insider tips from lawyers

BOSTON, July 7 : The founder and chief executive of an AI startup secretly pleaded guilty last year to participating in a vast scheme in which attorneys at major law firms tipped traders about mergers their employers were advising on.Court records unsealed on Monday show that Arya Bolurfrushan, a former Goldm

·Singapore, Singapore
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abajournal.comabajournal.com

AI startup founder pleads guilty to receiving insider tips from BigLaw lawyers

The head of an artificial intelligence startup admitted his role last year in a scheme involving BigLaw attorneys informing traders about upcoming mergers that their…

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Channel News Asia broke the news in Singapore, Singapore on Tuesday, July 7, 2026.
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