As first reported by Jiji Press in Japan, former Square Enix and Sonic co-creator Yuji Naka has been sentenced for insider trading.
Naka has been given a suspended sentence of two years and six months in prison, with four years probation. He has also been issued two fines totaling ¥173 million ($1.2 million).
Yuji Naka has been arrested twice since 2018 on charges on insider trading. The first came in 2018 when he allegedly purchased $20,000 worth of stock in a partner studio very shortly before a game announcement involving his then employer Square Enix.
The second came in 2022 when he purchased $384,000 in shares in the upcoming mobile game Final Fantasy VII: The First Soldier prior to the game being officially announced.