Veteran developer admitted to insider trading.
Former Sega and Square Enix developer Yuji Naka has been sentenced to a prison term of two years and six months in relation to the insider trading trial held in Tokyo, Japan, as reported by denfaminicogamer (thanks, Time Extension).
In addition, Naka has been fined 2.5 million JPY along with a surcharge of 170 million JPY. He, along with two former Square Enix employees, Taisuke Sazaki and Fumiaki Suzuki, had been accused of purchasing shares in developers Aiming and Ateam based on information not yet made public regarding the free-to-play mobile games Dragon Quest Tact and Final Fantasy VII: The First Soldier. The three suspects had intended to sell their stock in each company once the respective games were publicly announced.
Read the full article on nintendolife.com
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