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.
Stanley Carvalho is a journalist at Reuters, based in Abu Dhabi, UAE. He covers a diverse range of topics including regional interest and world news, with a focus on aviation, finance, energy, and logistics. His work has been featured in prominent publications such as The Hindu, LiveMint, The Federal, The Tribune, Khaleej Times, Scroll Media, Medium, Deccan Herald, and The Economic Times.





