Updated News Around the World

Sonic The Hedgehog Co-Creator Yuji Naka Sentenced To Prison For Insider Trading

Sonic the Hedgehog co-creator Yuji Naka could serve two and a half years in prison as part of his sentencing for insider trading charges. 

Abema Times reports that prosecutors on the case asked that Naka go to prison for two years and six months in a Tokyo District Court today, as reported by Video Games Chronicle. Prosecutors also demanded that Naka pay a fine of 2.5 million yen (roughly $17,900) as well as a supplementary penalty of 170 million yen (roughly $1.2 million). Naka’s defense asked that this fine and prison sentence be reduced, but a final decision on the matter isn’t expected until July 7, VGC reports. 

Naka, who also directed Balan Wonderworld, was arrested in November in connection to an insider trading investigation involving the reveal of a new Dragon Quest game. Naka was accused of purchasing 10,000 shares worth 2.8 million yen (roughly $20,000) in Aiming, the company behind the new mobile Dragon Quest game. 

Then, less than a month later, Naka was re-arrested on a second charge of insider trading, this time involving the now-defunct mobile battle royale, Final Fantasy VII: The First Soldier. Naka reportedly purchased 120,000 shares in Ateam, the developer behind the game, for approximately 144.7 million yen (more than $1 million). 

Now, Naka has been charged and could face more than two and a half years in prison alongside more than $1 million in fines. A final decision on his charges is expected next month. 

[Source: Abema Times via VGC]

For all the latest Games News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsUpdate is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.