Pages: [1]   Go Down

Author Topic: Yuji Naka Facing 30 Month Prison Sentence For Insider Trading  (Read 724 times)

0 Members and 1 Guest are viewing this topic.

Offline Shaymin

  • Not my circus, not my monkeys
  • NWR Staff
  • Score: 70
    • View Profile
    • You're on it
Yuji Naka Facing 30 Month Prison Sentence For Insider Trading
« on: June 01, 2023, 05:45:54 AM »

Of course, he's appealing.

http://www.nintendoworldreport.com/news/63846/yuji-naka-facing-30-month-prison-sentence-for-insider-trading

It's Sonic's 30th anniversary, and one of his parents is facing jail time.

The insider trading trial of Yuji Naka has concluded with the former Sega star facing 30 months (2.5 years) in prison, as well as fines totalling ¥172.5m (~US$1.24m at present market rates).

Naka's lawyers are appealing the sentence, asking to have it suspended: this could result in him serving the time later or not at all. The charges could have resulted in five years in prison and a ¥500m fine.

Logged
Donald Theriault - News Editor, Nintendo World Report / 2016 Nintendo World Champion
Tutorial box out.
Pages: [1]   Go Up