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

Vishwadeep Khatri
in AI News & Two Lenses

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An AI startup founder secretly pleaded guilty last year to insider trading. Arya Bolurfrushan participated in a scheme involving law firm attorneys tipping traders. He agreed to a plea deal recommending two years in prison and forfeiture. Bolurfrushan traded on confidential merger information, earning significant profits. Nine other defendants also pleaded guilty before indictments were announced.

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