Current Events > Yuji Naka sentenced to 2 and a half years in prison

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Hayame_Zero 06/01/23 7:40:36 AM #1:	https://www.thegamer.com/sonic-creator-yuji-naka-prison/ Sonic the Hedgehog creator Yuji Naka was arrested in November of last year for insider trading, and after pleading guilty in March, has been sentenced to prison for two and a half years. As reported by Denfanminicogamer.jp, Naka was also fined twice for 2.5 million and 170 million, however, his defence is seeking to lower these numbers. Insider trading is when a person illegally trades in stocks to their own advantage using confidential information. In Naka's case, it was believed that he purchased stock in two developers before plans about games in development were made public so that he could sell it at a later date when it would be worth more. For context, Naka joined Square Enix to develop his newly created platformer Balan Wonderworld in 2018. Jump ahead five years to 2022 and it was discovered that he and Dragon Quest 11 middleware manager Taisuke Sazaki had invested in ATeam Entertainment before plans to develop mobile spin-off Final Fantasy 7: The First Soldier had been made public, hence the allegations of insider trading. He was arrested for a second time only a month later in December of last year after Japan's Special Investigation Department announced that he was the third suspect in an insider trading case regarding Dragon Quest Tact. Again, Naka was alleged to have known about its existence prior to the title being announced, and as such had purchased 10,000 shares of developer Aiming's stock. This was once again alongside Sasaki but also former Dragon Quest 10 event manager Fumiaki Suzuki. The prison sentence was made today in Naka's third trial where he was accused of violating the Financial Instruments and Exchange Act for insider trading for both Aiming and ATeam. When he chose to plead guilty in March, he reportedly said, "There is no doubt that I knew the facts about the game before it was made public and bought the stock." At the time of his arrest and indictment, Naka was no longer working at Square Enix. He chose to leave the studio after Balan Wonderworld underperformed both critically and commercially. However, SE said that it would help authorities with the investigation when he was indicted in December. "We deeply regret the great concern this has caused to all concerned," Square Enix said. "We have dealt with this incident strictly, including internal disciplinary actions taken against the suspected employees." Naka was alleged to have purchased shares worth more than 100 million yen each, hence the lofty fine of 172 million, which is around $1.2 million or just under one million pounds (989,344). --- ...I think I'm done here... <cite>Hayame_Zero posted [p:973852824] in Yuji Naka ... [t:80462494]...</cite> <quote>https://www.thegamer.com/sonic-creator-yuji-naka-prison/<quote>Sonic the Hedgehog creator Yuji Naka was arrested in November of last year for insider trading, and after pleading guilty in March, has been sentenced to prison for two and a half years.As reported by Denfanminicogamer.jp, Naka was also fined twice for 2.5 million and 170 million, however, his defence is seeking to lower these numbers. Insider trading is when a person illegally trades in stocks to their own advantage using confidential information. In Naka's case, it was believed that he purchased stock in two developers before plans about games in development were made public so that he could sell it at a later date when it would be worth more.For context, Naka joined Square Enix to develop his newly created platformer Balan Wonderworld in 2018. Jump ahead five years to 2022 and it was discovered that he and Dragon Quest 11 middleware manager Taisuke Sazaki had invested in ATeam Entertainment before plans to develop mobile spin-off Final Fantasy 7: The First Soldier had been made public, hence the allegations of insider trading.He was arrested for a second time only a month later in December of last year after Japan's Special Investigation Department announced that he was the third suspect in an insider trading case regarding Dragon Quest Tact. Again, Naka was alleged to have known about its existence prior to the title being announced, and as such had purchased 10,000 shares of developer Aiming's stock. This was once again alongside Sasaki but also former Dragon Quest 10 event manager Fumiaki Suzuki.The prison sentence was made today in Naka's third trial where he was accused of violating the Financial Instruments and Exchange Act for insider trading for both Aiming and ATeam. When he chose to plead guilty in March, he reportedly said, "There is no doubt that I knew the facts about the game before it was made public and bought the stock."At the time of his arrest and indictment, Naka was no longer working at Square Enix. He chose to leave the studio after Balan Wonderworld underperformed both critically and commercially. However, SE said that it would help authorities with the investigation when he was indicted in December."We deeply regret the great concern this has caused to all concerned," Square Enix said. "We have dealt with this incident strictly, including internal disciplinary actions taken against the suspected employees."Naka was alleged to have purchased shares worth more than 100 million yen each, hence the lofty fine of 172 million, which is around $1.2 million or just under one million pounds (989,344).</quote></quote> ... Copied to Clipboard!
Mad-Dogg 06/01/23 7:44:01 AM #2:	The ghosts of sonic xtreme's sega of america team comin' to bite him square in the ass after damn near 3 decades --- GTag:MadDogg730 PSN:lMadDogg NNID:xMadDoggx More peeps on gamefaqs need to try the indie game cyber shadow. It gives NES era ninja gaiden vibes, which is cool. <cite>Mad-Dogg posted [p:973852854] in Yuji Naka ... [t:80462494]...</cite> <quote>The ghosts of sonic xtreme's sega of america team comin' to bite him square in the ass after damn near 3 decades </quote> ... Copied to Clipboard!
NeonTentacles 06/01/23 7:52:37 AM #3:	oh shit lol --- https://imgur.com/aMaI3hj https://imgur.com/7PsdJNc https://imgur.com/eK8vZVn https://imgur.com/u2HR4nG https://imgur.com/nQGM5cZ <cite>NeonTentacles posted [p:973852940] in Yuji Naka ... [t:80462494]...</cite> <quote>oh shit lol</quote> ... Copied to Clipboard!
Poorly 06/01/23 7:59:49 AM #4:	NeonTentacles posted... oh shit lol Huh? --- <cite>Poorly posted [p:973853025] in Yuji Naka ... [t:80462494]...</cite> <quote>NeonTentacles posted... </cite><quote>oh shit lol</quote>Huh?</quote> ... Copied to Clipboard!
Jiek_Fafn 06/01/23 9:09:56 AM #5:	Those theories about Balan Underworld being some sort of money laundering scheme seem a lot less far fetched now --- I don't believe in belts. There should be no ranking system for toughness. <cite>Jiek_Fafn posted [p:973853902] in Yuji Naka ... [t:80462494]...</cite> <quote>Those theories about Balan Underworld being some sort of money laundering scheme seem a lot less far fetched now</quote> ... Copied to Clipboard!
Tyranthraxus 06/01/23 9:29:15 AM #6:	Jiek_Fafn posted... Those theories about Balan Underworld being some sort of money laundering scheme seem a lot less far fetched now There's no way this game was a money laundering scheme. Square Enix would not help him with this. If anything shady was going on with this game it's embezzlement at Square Enix's expense. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://i.imgur.com/dQgC4kv.jpg <cite>Tyranthraxus posted [p:973854177] in Yuji Naka ... [t:80462494]...</cite> <quote>Jiek_Fafn posted... </cite><quote>Those theories about Balan Underworld being some sort of money laundering scheme seem a lot less far fetched now</quote>There's no way this game was a money laundering scheme. Square Enix would not help him with this. If anything shady was going on with this game it's embezzlement at Square Enix's expense.</quote> ... Copied to Clipboard!
creativerealms 06/01/23 9:32:22 AM #7:	I am amazed seeing someone punished for insider trading. Wish that would happen in America. --- "Intelligence has no place in Politics" Londo, (Babylon Five) <cite>creativerealms posted [p:973854224] in Yuji Naka ... [t:80462494]...</cite> <quote>I am amazed seeing someone punished for insider trading. Wish that would happen in America.</quote> ... Copied to Clipboard!
Tyranthraxus 06/01/23 9:36:33 AM #8:	creativerealms posted... I am amazed seeing someone punished for insider trading. Wish that would happen in America. It does, just not to Congress. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://i.imgur.com/dQgC4kv.jpg <cite>Tyranthraxus posted [p:973854288] in Yuji Naka ... [t:80462494]...</cite> <quote>creativerealms posted... </cite><quote>I am amazed seeing someone punished for insider trading. Wish that would happen in America.</quote>It does, just not to Congress.</quote> ... Copied to Clipboard!
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Liu_Kano 06/01/23 10:15:34 AM #10:	If I were crowned king, releasing shitty games would become illegal. --- The dead can forgive. The dead can be forgiven. The rest of us have better things to do. <cite>Liu_Kano posted [p:973854920] in Yuji Naka ... [t:80462494]...</cite> <quote>If I were crowned king, releasing shitty games would become illegal.</quote> ... Copied to Clipboard!
ZevLoveDOOM 06/01/23 10:19:50 AM #11:	goddammit, i'm too late on the "serves you right for all those bad Sonic games" jokes... lol -_- <cite>ZevLoveDOOM posted [p:973854978] in Yuji Naka ... [t:80462494]...</cite> <quote>goddammit, i'm too late on the "serves you right for all those bad Sonic games" jokes... lol -_-</quote> ... Copied to Clipboard!
Incredible 06/01/23 10:20:06 AM #12:	I always felt Yuji Naka should have just stayed at Sega. He was never gonna be known for anything other than Sonic; may as well just stay with the company like Shigeru has stayed at Nintendo for all these years. <cite>Incredible posted [p:973854981] in Yuji Naka ... [t:80462494]...</cite> <quote>I always felt Yuji Naka should have just stayed at Sega. He was never gonna be known for anything other than Sonic; may as well just stay with the company like Shigeru has stayed at Nintendo for all these years.</quote> ... Copied to Clipboard!
untrustful 06/01/23 10:22:37 AM #13:	Crimes like this need higher punishments. --- "There is little anyone can do with fanatics. Reasoning with them is a fool's errand. Avoiding them is mandatory." ~Former Conservative Talk Show Host <cite>untrustful posted [p:973855026] in Yuji Naka ... [t:80462494]...</cite> <quote>Crimes like this need higher punishments.</quote> ... Copied to Clipboard!
ZMythos 06/01/23 10:23:52 AM #14:	https://gamefaqs.gamespot.com/a/user_image/2/6/7/AAaVCFAAEh3D.jpg --- Rainbow Dashing: "it's just star wars" AutumnEspirit: kissu <cite>ZMythos posted [p:973855048] in Yuji Naka ... [t:80462494]...</cite> <quote>https://gamefaqs.gamespot.com/a/user_image/2/6/7/AAaVCFAAEh3D.jpg </quote> ... Copied to Clipboard!
creativerealms 06/01/23 10:47:20 AM #15:	Well he did go to jail because of bad games. His insider trading was connected to mobile games. --- "Intelligence has no place in Politics" Londo, (Babylon Five) <cite>creativerealms posted [p:973855493] in Yuji Naka ... [t:80462494]...</cite> <quote>Well he did go to jail because of bad games. His insider trading was connected to mobile games.</quote> ... Copied to Clipboard!
Poorly 06/01/23 10:52:14 AM #16:	Incredible posted... I always felt Yuji Naka should have just stayed at Sega. He was never gonna be known for anything other than Sonic; may as well just stay with the company like Shigeru has stayed at Nintendo for all these years. This --- <cite>Poorly posted [p:973855604] in Yuji Naka ... [t:80462494]...</cite> <quote>Incredible posted... </cite><quote>I always felt Yuji Naka should have just stayed at Sega. He was never gonna be known for anything other than Sonic; may as well just stay with the company like Shigeru has stayed at Nintendo for all these years.</quote>This</quote> ... Copied to Clipboard!
Humble_Novice 06/01/23 11:35:00 AM #17:	creativerealms posted... I am amazed seeing someone punished for insider trading. Wish that would happen in America. Didn't that already happen to Martha Stewart? --- Miss the old GameFAQs politics board? Then come here to discuss it with us: https://www.reddit.com/r/gamefaqs261/ <cite>Humble_Novice posted [p:973856455] in Yuji Naka ... [t:80462494]...</cite> <quote>creativerealms posted... </cite><quote>I am amazed seeing someone punished for insider trading. Wish that would happen in America.</quote>Didn't that already happen to Martha Stewart?</quote> ... Copied to Clipboard!
Solar_Crimson 06/01/23 11:50:02 AM #18:	Mad-Dogg posted... The ghosts of sonic xtreme's sega of america team comin' to bite him square in the ass after damn near 3 decades And Geist Force's team as well. He's responsible for that game also getting cancelled. --- Eat the rich Destroy the GOP <cite>Solar_Crimson posted [p:973856786] in Yuji Naka ... [t:80462494]...</cite> <quote>Mad-Dogg posted... </cite><quote>The ghosts of sonic xtreme's sega of america team comin' to bite him square in the ass after damn near 3 decades </quote>And Geist Force's team as well. He's responsible for that game also getting cancelled.</quote> ... Copied to Clipboard!
Billyionaire 06/01/23 2:22:01 PM #19:	Can't do the time don't do the crime, Yuji. --- The immutable bringer of righteousness and relentless changer of small minds. <cite>Billyionaire posted [p:973859758] in Yuji Naka ... [t:80462494]...</cite> <quote>Can't do the time don't do the crime, Yuji.</quote> ... Copied to Clipboard!
Ivynn 06/01/23 2:26:17 PM #20:	Shigeru Miyamoto wouldn't do this. --- http://i.imgur.com/vDci4hD.gif <cite>Ivynn posted [p:973859865] in Yuji Naka ... [t:80462494]...</cite> <quote>Shigeru Miyamoto wouldn't do this.</quote> ... Copied to Clipboard!
Solar_Crimson 06/01/23 3:46:21 PM #21:	Ivynn posted... Shigeru Miyamoto wouldn't do this. Miyamoto is probably hiding more secrets than Fort Knox. --- Eat the rich Destroy the GOP <cite>Solar_Crimson posted [p:973861698] in Yuji Naka ... [t:80462494]...</cite> <quote>Ivynn posted... </cite><quote>Shigeru Miyamoto wouldn't do this.</quote>Miyamoto is probably hiding more secrets than Fort Knox.</quote> ... Copied to Clipboard!
legendarylemur 06/01/23 3:51:22 PM #22:	He deserves it for making Balan Wonderworld and also not calling it Balan Wonderland --- "Iwata was awesome" - Mr. Nintendo https://i.imgur.com/krtFHol.jpg <cite>legendarylemur posted [p:973861818] in Yuji Naka ... [t:80462494]...</cite> <quote>He deserves it for making Balan Wonderworld and also not calling it Balan Wonderland</quote> ... Copied to Clipboard!
Shotgunnova 06/01/23 3:57:34 PM #23:	https://gamefaqs.gamespot.com/a/user_image/5/1/6/AABhrNAAEh68.png --- Take me down from the ridge where the summer ends And watch the city spread out just like a jet's flame <cite>Shotgunnova posted [p:973862005] in Yuji Naka ... [t:80462494]...</cite> <quote>https://gamefaqs.gamespot.com/a/user_image/5/1/6/AABhrNAAEh68.png </quote> ... Copied to Clipboard!
Mad-Dogg 06/01/23 4:03:04 PM #24:	Solar_Crimson posted... And Geist Force's team as well. He's responsible for that game also getting cancelled. Yea. Seriously though yuji naka is actually a real petty asshole behind the scenes lol. Guy can program but he has always been a poor leader/too busy infighing during sega's desperate hour and a bit arrogant. Peter moore for all his faults is also most definitely having a good ol' toast at the news. I also have a personal beef against yuji naka and sonic team as someone who's favorite game ever is pso episode 1 and 2. Everyone outside of japan used to get treated like shit and a elephant never forgets damn it. --- GTag:MadDogg730 PSN:lMadDogg NNID:xMadDoggx More peeps on gamefaqs need to try the indie game cyber shadow. It gives NES era ninja gaiden vibes, which is cool. <cite>Mad-Dogg posted [p:973862152] in Yuji Naka ... [t:80462494]...</cite> <quote>Solar_Crimson posted... </cite><quote>And Geist Force's team as well. He's responsible for that game also getting cancelled.</quote>Yea. Seriously though yuji naka is actually a real petty asshole behind the scenes lol. Guy can program but he has always been a poor leader/too busy infighing during sega's desperate hour and a bit arrogant. Peter moore for all his faults is also most definitely having a good ol' toast at the news.I also have a personal beef against yuji naka and sonic team as someone who's favorite game ever is pso episode 1 and 2. Everyone outside of japan used to get treated like shit and a elephant never forgets damn it.</quote> ... Copied to Clipboard!
FortuneCookie 06/01/23 11:54:20 PM #25:	ZMythos posted... https://gamefaqs.gamespot.com/a/user_image/2/6/7/AAaVCFAAEh3D.jpg /topic <cite>FortuneCookie posted [p:973871905] in Yuji Naka ... [t:80462494]...</cite> <quote>ZMythos posted... </cite><quote>https://gamefaqs.gamespot.com/a/user_image/2/6/7/AAaVCFAAEh3D.jpg</quote>/topic</quote> ... Copied to Clipboard!
Dark_Arbron 06/02/23 12:00:46 AM #26:	Lets not give him undeserved credit. Sonics character design is owed to Naoto Ohshima, not Yuji Naka. --- "The US is not a single country. It is ~20 developed countries being held hostage by ~25 developing countries and ~5 failed states." -Calintares <cite>Dark_Arbron posted [p:973872008] in Yuji Naka ... [t:80462494]...</cite> <quote>Lets not give him undeserved credit. Sonics character design is owed to Naoto Ohshima, not Yuji Naka.</quote> ... Copied to Clipboard!
legendarylemur 06/02/23 3:37:27 AM #27:	Yeah he's more famous for giving birth to Banal --- "Iwata was awesome" - Mr. Nintendo https://i.imgur.com/krtFHol.jpg <cite>legendarylemur posted [p:973874171] in Yuji Naka ... [t:80462494]...</cite> <quote>Yeah he's more famous for giving birth to Banal</quote> ... Copied to Clipboard!
Trelve 06/02/23 5:00:33 AM #28:	Make him share a cell with Chris-chan. <cite>Trelve posted [p:973874670] in Yuji Naka ... [t:80462494]...</cite> <quote>Make him share a cell with Chris-chan.</quote> ... Copied to Clipboard!
Solar_Crimson 06/02/23 6:11:42 PM #29:	Trelve posted... Make him share a cell with Chris-chan. Unfortunately, Chris-chan has been out on bail for a while now. --- Eat the rich Destroy the GOP <cite>Solar_Crimson posted [p:973887314] in Yuji Naka ... [t:80462494]...</cite> <quote>Trelve posted... </cite><quote>Make him share a cell with Chris-chan.</quote>Unfortunately, Chris-chan has been out on bail for a while now.</quote> ... Copied to Clipboard!
ViewtifulGrave 06/02/23 6:45:41 PM #30:	[LFAQs-redacted-quote] BW wasnt entirely his fault. IIRC BW was supposed to be a mobile game until Square stepped in. --- Useless "Captain" Mid <cite>ViewtifulGrave posted [p:973887984] in Yuji Naka ... [t:80462494]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> BW wasnt entirely his fault. IIRC BW was supposed to be a mobile game until Square stepped in.</quote> ... Copied to Clipboard!
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Current Events > Yuji Naka sentenced to 2 and a half years in prison (+) Yeah! (+)

Current Events > Yuji Naka sentenced to 2 and a half years in prison