Yuji Naka Appears To Admit Guilt Over Insider Trading Case

Trial now in session at Tokyo District Court.

Yuki Naka, the former head of Sonic Team, is now standing trial at the Tokyo District Court over charges of insider trading after an investigation at Square Enix.

The creator had allegedly invested in development companies based on information gained prior to it being made publically available, thus pre-empting the inevitable rise in stock value. After investing approximately ¥144.7 million (about $834,000 USD) in ATeam Entertainment and approximately ¥47 million (about $336,300 USD) in Aiming, he had intended to resell his stock at what he presumed would be a much higher price once the teams' involvement in Square Enix projects was made public.

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