Man sentenced for insider trading Gonzo station, other companies

Wednesday, April 27, 2011

The Tokyo District Court had sentenced Takeshi Matsubara, 50 former Aozora Bank employee, inside information on GDH (the former parent company of the Gonzo anime Studio) and other four companies on Tuesday. Matsubara, the Court, led by judge Yukihiko Imasaki, sentenced to 30 months in prison, suspended for four years, fine of 2 million yen (about us $24,300) and an additional 58 million yen (US $ 705,000) fine. The prosecution had requested the same fines, but they called for a prison sentence of three years with no suspension under the financial instruments and exchange law.

Among other activities, Matsubara was arrested in April past to buy shares at low prices before GDH association with well-Net Entertainment Corporation was made public and then selling the shares at high prices, once the Alliance was announced in 2007. He won nearly 14 million yen (US $170,000) in the benefits of these activities while he was in charge of the financing in Aozora Bank from 2006 to 2009.

If Matsubara is not convicted of another crime in the next four years, you won't have to serve the prison sentence.

GDH has absorbed its subsidiary of anime Studio and adopted the name Gonzo himself in April 2009.

Source: Nikkei via Japanimate






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