As we reported to you in the past, Yuji Naka, creator of Sonic, has been indicted after being arrested twice for insider trading. The accusation came about acquiring shares after learning of unannounced projects. While Naka admitted to these charges at the first trial on March 2, he later said it was a bureaucratic error.
Well now it seems the sentence is already final. These details have been confirmed today:
He has been sentenced for violating Japan’s Financial Instruments and Exchange Law, as he traded $1 million worth of shares while working at Square Enix and had prior knowledge of upcoming games. Naka has been sentenced to 2 and a half years in prison and must pay a fine of 1.2 million dollars. Naka’s defense seeks to reduce the fine and requests the suspension of the prison sentence, but for now it has not been confirmed if he will achieve it. The prosecution team claims that Naka has shown no remorse for now..
We will be attentive to more details of this case related to the co-creator of Sonic. Meanwhile, what do you think about it? You can share it in the comments.