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Sonic Co-Creator Yuji Naka Receives Prison Sentence for Insider Trading

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Source: IGN
Sonic Co-Creator Yuji Naka Receives Prison Sentence for Insider Trading
Photo: IGN
TL;DR

Yuji Naka, co-creator of Sonic the Hedgehog, has been given a suspended prison sentence for insider trading in Japan. Naka was found guilty of violating Japan's Financial Instruments and Exchange Act for insider trading related to a game development project with Square Enix. The sentence includes a two-and-a-half year prison term, suspended for four years, as well as fines totaling ¥172 million ($1.1 million approx). Naka allegedly bought shares in developer Aiming ahead of the announcement of the Dragon Quest Tact mobile game. The judge stated that Naka's actions damaged the fairness and trust of investors.

Topics:technologycrime#crime#insider-trading#japan#sonic-the-hedgehog#square-enix#yuji-naka
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  1. Sonic Co-Creator Yuji Naka Given Suspended Prison Sentence for Insider Trading  IGN
  2. Sonic Co-Creator Yuji Naka Found Guilty Of Insider Trading  Nintendo Life
  3. Yuji Naka officially sentenced to prison with four-year suspension  Nintendo Everything
  4. Sonic the Hedgehog Co-Creator Yuji Naka Gets Sentenced to Over 2 Years Prison Term With 4 Year Suspended Sentence  Crunchyroll News
  5. Sonic Co-Creator Yuji Naka Has Been Sentenced To Prison For Insider Trading  Nintendo Life

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