Topic

#securities-fraud

2 stories tagged

AI Startup Founder Admits to Trading on Insider Tips from Lawyers in US Securities Fraud Scheme

The founder of Abu Dhabi-based AppliedAI has pleaded guilty to insider trading in a scheme involving lawyers at major US law firms tipping traders about confidential merger information, with charges affecting dozens of people.

By Azizah Rahman · 7 Jul 2026 · 4 min read

US Judge Upholds Twitter Fraud Verdict Against Elon Musk Despite Partial Victory

A US federal judge has rejected Elon Musk's attempt to overturn a jury verdict that found him liable for defrauding Twitter investors during his $44 billion takeover, though the judge ruled Musk not liable for one of the contested tweets.

By Azizah Rahman · 6 Jul 2026 · 5 min read