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.

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…

An AI startup CEO pleaded guilty to insider trading using tips from lawyers, adding to a wave of tech sector enforcement actions by federal prosecutors.