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

1 min read
Source: Nintendo Life
Sonic Co-Creator Yuji Naka Receives Prison Sentence for Insider Trading
Photo: Nintendo Life
TL;DR Summary

Yuji Naka, co-creator of Sonic, has been found guilty of insider trading and sentenced to two years and six months in prison, with a probation period of four years. He has also been fined a total of 173 million yen (over 1 million USD). Naka, along with two other former Square Enix employees, purchased shares in developers ahead of game launches and sold them when the games were announced. He must comply with court rules to avoid jail time and pay the fines.

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