Home » Technology » Sonic Creator Yuji Naka on Trial for Allegedly Using Privileged Info to Take Advantage of Stock Market

Sonic Creator Yuji Naka on Trial for Allegedly Using Privileged Info to Take Advantage of Stock Market

Yuji Naka, one of the creators of the video game Sonicis being criminally tried for having confidential and privileged information about the developer of games Square Enix. He is accused of using the data to take advantage of the stock market.

the creator of Sonic can be detained for up to two years and six months. The court also determined the payment of a fine of US$ 1.21 million (about R$ 6 million). Naka’s defense will appeal the decision, and the final sentence will be handed down on July 7.

advertising

A Square Enix is a Japanese video game developer. The company is best known for its RPG franchise, which includes games as Final Fantasy, Dragon Quest e Kingdom Hearts.

Square Enix video game developer | Photo: Reproduction/Social networks

Sonic creator has been arrested twice

Yuji Naka one of the creators of Sonic
Yuji Naka is one of the creators of Sonic | Photo: Reproduction/Social networks

Naka faces problems with the Justice of the Japan since 2022, when he was arrested twice. The reason is the same as for the most recent arrest: use of privileged information to gain financial advantage in the stock market.

In March of this year, Naka pleaded guilty and claimed to have participated in the scheme. criminal. He would have taken advantage of the release of two games, Dragon Quest Tact e Final Fantasy VII: The First Soldierto benefit financially.

According to the accusation, Naka would have bought about US$ 20 thousand (R$ 100 thousand) in shares of the developer of the game Dragon Quest Tact — before the game was even announced. With that, after the game be disclosed, the value of the shares increased.

See images of the electronic game Dragon Quest Tact:

In the case of the game Final Fantasy VII: The First Soldierthe developer increased the investment and spent more than R$ 5.5 million to buy shares in the ATeam studio, responsible for creating the game.

Check out game footage Final Fantasy VII: The First Soldier:

Read too

2023-06-02 23:40:26
#Sonic #creator #arrested #spend #years #prison

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.