Sonic co-creator Yuji Naka was found guilty of insider trading

Photo: via Twitter (@nakayuji)

Former Square Enix and Sega developer Yuji Naka was sentenced to two years and six months in prison, with a four-year probation period. He also received a fine of 2,171 million yen.

Website and social media account ‘SEGAbits’ shared more details on the matter Based on the translation of A Yahoo Japan news story – Explaining how Naka was suspended for 4 years for showing his “remorse”. He still has to comply with certain rules from the court to avoid jail time and must pay both fines together, which adds up to 173 million yen in total (over $1 million USD).

If you missed the previous updates, Naka and two other former Square Enix employees have been accused of buying shares in developers Aiming and Ateam prior to launch. Dragon Quest ingenuity And Final Fantasy VII: The First Soldierand then sell the shares when the games were announced publicly.

like Most notably Yahoo JapanNaka was found guilty by the Tokyo District Court of violating Japan’s Financial Instruments and Stock Exchange Act. He was previously arrested twice for insider trading along with Taisuke Sazaki and Fumiaki Suzuki.

Naka’s latest video game release is Square Enix’s troubled title Balan Wonderworld. After falling out with the company, former Sonic Team members, and Blue Blur co-creator Naoto Ohshima, he has taken up the past time developing mobile games.

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