Yuji Naka, the former boss of Sega’s Sonic Team, has reportedly admitted a charge of insider trading over the ownership of shares worth around £865k.
In December last year, Naka was accused of violating financial laws after it was reported that he had purchased a large number of shares in Japanese mobile developer ATeam while employed at Square Enix.
It was alleged that Naka had done so in the knowledge ATeam was working with Square Enix on mobile game Final Fantasy 7: The First Soldier – a fact which had not been made public.
Source – eurogamer.net
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