Yuji Naka had his first day in court today, but he might not need many more. The Sonic and Balan Wonderworld creator appears to have admitted guilt inlast year, concerning ownership of shares worth $1 million and $20,000, respectively, in ATeam and Aiming Inc.
Naka is accused of using his knowledge as a Square Enix insider to manoeuvre himself into a highly lucrative position: Purchasing shares before the partnerships were public knowledge in order to take advantage of an inevitable increase in value when there were finally announced, allegedly netting himself a profit of around $146,000. Textbook insider trading, essentially, and it seems he has no intention of denying it.
You wish! I'm too fast for the fuzz.
To be honest these types of crimes give the lightest sentences as it is an almost victimless crime. He probably will not even go to jail. At worst he will just get a slap on the wrist and a fine.
Yikes
making a profit from balan is the greatest crime.
His mistake is not making enough, or he could've paid off any investigators
Well damn, now I'm even more glad I stayed away from the game
And if anyone plays this game they are a supporter of insider trading and should be cancelled
This isn't even his worst crime. Have you played Balan in Wonderland?
Whoever runs the pc gamer twitter is better at headlines than whoever writes the damn articles.
Yikes
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