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Yuji Naka, co-creator of the Sonic the Hedgehog series and former president of Sonic Team, has been given a four-year suspended prison sentence and a fine of more than $1 million (356.2 million HUF).
In 2022, Naka is unexpectedly arrested for insider trading while working at Square Enix. According to the suspect, 10,000 shares Buyer In Aiming, developer of the yet-to-be-announced mobile game Dragon Quest Tact, his shares are worth about $20,000 (7.1 million forints).
After months of deliberation in court, the final verdict has now been reached: they have been found guilty of using Japanese financial instruments and In violation of stock exchange law, due to insider trading He was sentenced to two and a half years in prison, suspended for four years. That is, he is subject to four years’ probation, but risks imprisonment for two and a half years if he breaks the rules.
Judge Madoka Hirota said during sentencing:
He was known as one of the most popular game developers in the world and had access to information about co-development. It has damaged the fair and proper operation of the stock exchange and the confidence of investors.
Yuji Naka was sentenced to 2 years and 6 months in prison, suspended for 4 years, and my fine~? 2m & ~? 170 million ??????? https://t.co/Q12fLtiYN1
– GSK | https://cohost.org/gosokkyu (@gosokkyu) July 7, 2023
