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AppliedAI founder kept raising funds after secret securities-fraud plea

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Arya Bolurfrushan, founder and CEO of AI company AppliedAI (which operates Opus), continued to raise funding and strike partnerships with major firms after secretly pleading guilty to conspiracy to commit securities fraud in June 2025. The revelation came from court records unsealed by U.S. federal prosecutors around July 7, 2026, as reported by CNBC and Axios.

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