Arya Bolurfrushan, the CEO of AppliedAI, has pleaded guilty to his involvement in a wide insider trading network that included legal professionals from several well-known law firms.

AppliedAI 的執行長 Arya Bolurfrushan 已認罪，承認參與了一個龐大的內幕交易網絡，其中包括來自幾家知名律師事務所的法律專業人士。

The legal case focuses on a conspiracy to use private corporate merger information for financial profit. Arya Bolurfrushan, who previously worked at Goldman Sachs, reached a plea agreement with federal prosecutors in Boston in June 2025. Consequently, the government has recommended a two-year prison sentence and the payment of $954,496 in illegal profits. This admission is part of a larger investigation into about thirty people, including Nicolo Nourafchan, a former associate at several top law firms.

此法律案件聚焦於一個利用公司私密合併資訊獲取財務利益的陰謀。曾在高盛工作的 Arya Bolurfrushan 於 2025 年 6 月與波士頓的聯邦檢察官達成認罪協議。因此，政府建議判處兩年監禁，並要求繳回 954,496 美元的非法獲利。此次認罪是針對約三十人的更大規模調查的一部分，其中包括曾在幾家頂尖律師事務所擔任助理的 Nicolo Nourafchan。

Prosecutors emphasized that the scheme relied on the breach of confidentiality within these firms. They allege that Nourafchan used his position at Goodwin Procter to access secret documents about the purchase of Orchard Therapeutics by Kyowa Kirin Co Ltd. This information was then sent to Bolurfrushan, who made trades that earned approximately $950,000. Some of this money was shared with Nourafchan and Robert Yadgarov. Furthermore, the conspiracy continued into mid-2024 and involved the planned $5.1 billion acquisition of Enstar by Sixth Street.

檢察官強調，該計劃依賴於這些事務所內部保密協議的違背。他們指控 Nourafchan 利用其在 Goodwin Procter 的職位，獲取關於 Kyowa Kirin Co Ltd 收購 Orchard Therapeutics 的秘密文件。這些資訊隨後被發送給 Bolurfrushan，後者透過交易賺取了約 95 萬美元。部分資金與 Nourafchan 及 Robert Yadgarov 分享。此外，該陰謀持續至 2024 年中，並涉及 Sixth Street 計劃以 51 億美元收購 Enstar 的行動。

While Bolurfrushan and nine other participants have pleaded guilty, Nourafchan and Yadgarov have denied the charges and are waiting for their trial. At the same time, the U.S. Securities and Exchange Commission has settled civil claims against Bolurfrushan. The SEC noted that he was recruited into the group in 2023 through a family connection to Nourafchan while Bolurfrushan was living in Dubai.

雖然 Bolurfrushan 與另外九名參與者已認罪，但 Nourafchan 與 Yadgarov 否認指控，目前正等待審判。與此同時，美國證券交易委員會（SEC）已就 Bolurfrushan 的民事索賠達成和解。SEC 指出，Bolurfrushan 在 2023 年居住於杜拜期間，是透過 Nourafchan 的親屬關係被招攬進入該團體的。

Mr. Bolurfrushan has admitted his guilt and is awaiting sentencing, whereas the main people accused of providing the secret information are still waiting for trial.

Bolurfrushan 先生已認罪並等待量刑，而那些被指控提供秘密資訊的主要人物則仍在等待審判。