AI Startup CEO Pleads Guilty to Insider Trading Scheme Involving Law Firm Lawyers

Arya Bolurfrushan, founder of AI startup AppliedAI and former Goldman Sachs banker, pleaded guilty in June 2025 to conspiring to commit securities fraud by trading on insider tips from lawyers. The scheme involved attorneys at major law firms sharing confidential merger information with traders for a share of the profits.

By Nate Raymond Tue, July 7, 2026 at 5:35 PM GMT+3 2 min read · Yahoo Finance · July 7, 2026, 14:35 UTC

Tickers: $GS

Topics: AI insider trading legal case securities fraud

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