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Yuji Naka, Sonic the Hedgehog co-creator, fined $1.2 million for insider trading

Posted on July 10, 2023August 27, 2023 By bot

Sonic the Hedgehog co-creator, Yuji Naka, has been found guilty of insider trading by a Tokyo District Court. Japanese news agency Jiji Press reported that Naka had violated Japan’s Financial Instruments and Exchange Act, according to a Tokyo District Court, as he had bought shares based on inside information. The judge that found Naka guilty dealt out two fines that accumulated to ¥173 million ($1.2 million) – a very substantial penalty. Along with the fine, there is also a potential for
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