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Sonic the Hedgehog co-creator given suspended jail sentence for insider buying and selling

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Sonic the Hedgehog co-creator Yuji Naka has been given a suspended jail sentence and fines of round $1.2 million (or 173 million yen) after he was discovered responsible of insider buying and selling, according to a report from Japanese news outlet Jiji (via Polygon). Whereas the court docket handed out a 2.5-year jail sentence, Jiji reviews that it was suspended by 4 years.

Which means Naka shouldn’t wind up behind bars anytime quickly, as judges usually waive the jail sentence if the defendant doesn’t commit any further crimes throughout that time period. Naka was arrested twice final yr for his involvement in two separate insider buying and selling incidents, each of which came about in 2020 when Naka was working at Sq. Enix.

Naka joined Sq. Enix to work on the poorly obtained Balan Wonderworld

Within the first case, Naka and two co-workers bought 162,000 shares valued at round $332,000 (47.2 million yen) within the recreation developer Aiming earlier than Sq. Enix advised the general public it was working with the studio on a cell Dragon Quest recreation. The three men were arrested in November last year.

The opposite incident, which Naka was arrested for just a month later, includes Naka and a fellow Sq. Enix worker allegedly shopping for 120,000 shares valued at over $1 million (144.7 million yen) in one other video games studio that the corporate deliberate on partnering with. The studio in query, Ateam, collaborated with Sq. Enix on the cell recreation Remaining Fantasy VII: The First Soldier. The decide’s ruling considerations each of those {cases}.

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Naka joined Sega in 1983, the place he helped create the enduring Sonic the Hedgehog character. After leaving Sega in 2006, Naka joined Square Enix to work on the poorly received Balan Wonderworld from 2018 to 2021. Naka says he was kicked off the group six months earlier than the sport’s launch and later went on to file a lawsuit towards the corporate.

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