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Yuji Naka co-creator sonic sentencing jail prison time insider trading

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

by Wesley LeBlanc on Jun 01, 2023 at 08:21 AM

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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]