I tried to not to follow this topic anymore because it is NOT a service for Sonic The Hedgehog in terms of gaming news and positivity about the main Sega franchise, but I guess I cannot ignore this development on co-creator Yuji Naka’s saga.
Local Press in Japan have said that Yuji Naka was officially sentenced over his insider trading crimes and includes 30 months in prison, suspended for four years.
In other words, Naka will be physically released from prison term as long as he adheres to the conditions set by the order and doesn’t infringe on any further terms or laws during this time so he can spend the rest of the sentence probably at his home, banned to step outside until terms expire .
Of course, there is the negative thing for Yuji Naka as he was given two fines totalling ¥173 million ($1.2 million), meaning that although he may not have to go to prison for his part in the insider trading scheme, he will certainly pay a substantial financial penalty.
Yuji Naka along with former Square Enix executive Taisuke Sasaki, were arrested last year after they were exposed on insider tradings, where you buy stocks at low price on purpose to later resell them at higher price because you knew beforehand that any news or process will disrupt them.
In this case, it was two times that Naka did this, the first one (and were he was exposed) was Dragon Quest next game in-development news that was circulating and expected to produce good returns due the well reception in accomplice with both Taisuke Sasaki and Fumiaki Suzuki of Square Enix and the latest was knowing that the Final Fantasy VII: The First Soldier by developer ATeam Entertainment first announcement was going to be well-received.
Before asking, yes, this thing is REALLY illegal in most developed markets that run public stocks and, he should have known better.