Sonic the Hedgehog co-creator Yuji Naka has received a $1.2 million fine and a suspended prison sentence for insider trading

[John Elden Ring]

As reported by VGC, per Jiji Press, Naka has been given a suspended sentence of two years and six months in prison, with four years probation.

He has received two fines totalling ¥173 million ($1.2 million).

The Sonic the Hedgehog co-creator admitted to insider trading charges in March 2023 during his trial. Naka violated Japan’s Financial Instruments and Exchange Act by illegally buying shares based on inside information.

 

[nongkris]

If America took insider trading as seriosuly half of all execs and politicians would be locked up right now.

 

[Gamernyc78]

If America took insider trading as seriosuly half of all execs and politicians would be locked up right now.

Yeah, they pick and choose who they prosecute. They do that with everything, look at Hunter Biden situation. It's embarrassing.

 

[Zzero]

If America took insider trading as seriosuly half of all execs and politicians would be locked up right now.

Really? Yuji was only reported because he blew smoke publicly over who was at fault for Balan sucking. (It was all him, fwiw, Naka the baka strikes again.)

 

[Box]

He deserves this for Balan wonderland

 

[Gamernyc78]

He deserves this for Balan wonderland

That shit was a hard pass for me, never even thought of playing it.