Arya Bolurfrushan is the boss of a company called AppliedAI. He told the court that he broke the law. He worked with lawyers to steal secret information about companies.

Arya Bolurfrushan 是一家名為 AppliedAI 的公司老闆。他向法院坦承自己違法，並與律師合作竊取公司的機密資訊。

Arya and his friends wanted to make money. They used secret information about companies that wanted to buy other companies. Arya agreed to go to prison for two years. He must also pay back about 954,000 dollars.

Arya 和他的朋友們想要賺錢。他們利用了關於公司欲收購其他公司的機密資訊。Arya 同意入獄兩年，且必須償還約 95 萬 4 千美元。

A lawyer named Nicolo Nourafchan helped him. Nicolo worked at a big law office. He stole secret papers about a company called Orchard Therapeutics. He gave these papers to Arya. Arya bought stocks and made a lot of money.

一名叫 Nicolo Nourafchan 的律師協助了他。Nicolo 在一家大型律師事務所工作。他竊取了關於一家名為 Orchard Therapeutics 公司的機密文件，並將這些文件交給 Arya。Arya 藉此購買股票並賺了很多錢。

Arya and nine other people said they are guilty. But Nicolo and another man, Robert Yadgarov, say they did nothing wrong. They will go to court soon to decide if they are guilty.

Arya 與另外九個人承認有罪。但 Nicolo 和另一名男子 Robert Yadgarov 則聲稱自己沒有做錯任何事。他們很快將會出庭，以判定是否有罪。

Arya Bolurfrushan said he is guilty and will go to prison. Other men are still waiting for their trial.

Arya Bolurfrushan 承認有罪並將入獄。其他男子仍在等待審判。

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。

Arya Bolurfrushan, the chief executive of AppliedAI, has entered a guilty plea in connection with an extensive insider trading network involving legal professionals from several prominent law firms.

AppliedAI 首席執行官 Arya Bolurfrushan 已承認與一個涉及多家知名律師事務所法律專業人士的龐大內幕交易網絡有關的罪行。

The legal proceedings center on a conspiracy to exploit non-public corporate merger data for financial gain. Arya Bolurfrushan, a former Goldman Sachs employee, entered a plea agreement in June 2025 with federal prosecutors in Boston. Under the terms of this agreement, the government has recommended a custodial sentence of two years and the forfeiture of $954,496 in illicit proceeds. This admission occurred within a broader investigative framework targeting approximately thirty individuals, including Nicolo Nourafchan, a former associate at Goodwin Procter, Sidley Austin, and Latham & Watkins.

此次法律程序集中於一個利用非公開公司合併數據以獲取財務利益的陰謀。前高盛員工 Arya Bolurfrushan 於 2025 年 6 月與波士頓的聯邦檢察官達成認罪協議。根據協議條款，政府建議判處兩年監禁，並沒收 954,496 美元的非法所得。此次認罪發生在一個針對約 30 人的更廣泛調查框架內，其中包括前 Goodwin Procter、Sidley Austin 及 Latham & Watkins 的助理律師 Nicolo Nourafchan。

Institutional breach of confidentiality served as the primary mechanism for the scheme. Prosecutors allege that Nourafchan utilized his position at Goodwin Procter to access unauthorized electronic documentation regarding the acquisition of Orchard Therapeutics by Kyowa Kirin Co Ltd. This information was subsequently transmitted to Bolurfrushan, who executed trades resulting in approximately $950,000 in profit, a portion of which was distributed to Nourafchan and Robert Yadgarov. The operational scope of the conspiracy extended into mid-2024, involving the anticipated $5.1 billion acquisition of Enstar by Sixth Street.

機構洩露機密是該計劃的主要機制。檢察官指控 Nourafchan 利用其在 Goodwin Procter 的職位，非法獲取關於 Kyowa Kirin Co Ltd 收購 Orchard Therapeutics 的電子文件。此資訊隨後被傳送給 Bolurfrushan，由其執行交易並獲利約 95 萬美元，其中一部分分發給 Nourafchan 與 Robert Yadgarov。該陰謀的運作範圍延伸至 2024 年中，涉及 Sixth Street 預計以 51 億美元收購 Enstar 的交易。

While Bolurfrushan and nine other participants have pleaded guilty in non-public proceedings, Nourafchan and Yadgarov have maintained their innocence and are currently awaiting trial. The U.S. Securities and Exchange Commission has concurrently resolved civil claims against Bolurfrushan, noting that his recruitment into the enterprise occurred in 2023 via a familial connection to Nourafchan while Bolurfrushan was situated in Dubai.

雖然 Bolurfrushan 與其他 9 名參與者在非公開程序中已認罪，但 Nourafchan 與 Yadgarov 堅持清白，目前正等待審判。美國證券交易委員會（SEC）同時解決了對 Bolurfrushan 的民事索賠，指出他於 2023 年在杜拜期間，透過與 Nourafchan 的親屬關係被招攬進入該企業。

Mr. Bolurfrushan has pleaded guilty and faces sentencing, while the primary alleged conduits of the information remain in pretrial status.

Bolurfrushan 先生已認罪並面臨判刑，而涉嫌為資訊傳遞主要管道的人員仍處於審前狀態。