Report: Yuji Naka Facing 2.5 Years Imprisonment for Insider Trading [U]

Oh dear. No Sonic conventions for him for a while then.

I've had intensely mixed feelings about this whole affair. On the one hand, Yuji Naka is a prick; On the other, I can't actually begrudge him for this kind of financial crime, because BOY do I not give a shit about the people whose money he got from it. It's like if someone robbed Jeff Bezos' house, I'd be more impressed than anything.

I think I mostly just wish he were being punished first and foremost for being an asshole to his workers, instead.

Just a quick update to the story; it appears that sentencing has not yet happened. The final verdict is due on July 7th. But prosecutors are demanding that Naka is put in jail for the 2.5 year period mentioned, as well as paying those fees. Naka's defence team is, obviously, going to fight it.

5 hours ago, Shaddy Zaphod said:

I've had intensely mixed feelings about this whole affair. On the one hand, Yuji Naka is a prick; On the other, I can't actually begrudge him for this kind of financial crime, because BOY do I not give a shit about the people whose money he got from it. It's like if someone robbed Jeff Bezos' house, I'd be more impressed than anything.

I think I mostly just wish he were being punished first and foremost for being an asshole to his workers, instead.

I understand where you're coming from, but don't really agree. The fact that his crimes were committed against wealthy and likely corrupt entities doesn't make a difference here. It's not like this was a poor man stealing from the rich to feed his family. He should be rightly prosecuted for his crimes here. And I'm just going to sidestep the fact that he's a proven twat because it's not really relevant. 

The bigger issue at hand is the corruption and abuse of power that takes place in the stock markets. That shit needs sorting out. From what I've read, insider trading is commonplace in Japan and despite how seriously it is taken, successful prosecutions are difficult to produce. It wouldn't surprise me if his behaviour at- and since leaving Square Enix has resulted in him being stitched up. Stitched up for crimes he obviously did commit, but stitched up all the same.