Sonic Co-Creator Arrested For Alleged Insider Trading

Yuji Naka, the co-cre­ator of Son­ic the Hedge­hog and direc­tor of Bal­an Won­der­land, has been arrest­ed on alle­ga­tions of insid­er trading.

Accord­ing to Fuji News Net­work (via The Verge), for­mer Square Enix employ­ee Taisuke Saza­ki, who worked on both the Final Fan­ta­sy and King­dom Hearts series, had obtained infor­ma­tion that Square Enix and Aim­ing would be devel­op­ing Drag­on Quest Tact. Saza­ki learned of this pri­or to the announce­ment of the game (which was pub­licly revealed on Feb­ru­ary 5th), and with anoth­er for­mer Square Enix employ­ee Fumi­a­ki Suzu­ki, they alleged­ly pur­chased 162,000 shares in Aim­ing. These shares were pur­chased Decem­ber 2019 and Feb­ru­ary 2020 for around 47.2 mil­lion yen (rough­ly $336,760). FNN reports Naka was also aware of the Aim­ing deal, alleged­ly, and pur­chased 10,000 shares for about 2.8 mil­lion yen (approx­i­mate­ly $20,000) pri­or to the game announcement.

Naka was devel­op­ing Bal­an Won­der­world with Square Enix at the time. All three, Saza­ki, Suzu­ki, and Naka were charged with insid­er trad­ing. Square Enix pro­vid­ed a state­ment, say­ing, “As the inves­ti­ga­tion by the Tokyo Dis­trict Pub­lic Pros­e­cu­tors Office is under­way, we will con­tin­ue to ful­ly coop­er­ate with their investigation.

We deeply regret the great con­cern this has caused to all con­cerned. We have dealt with this inci­dent strict­ly, includ­ing inter­nal dis­ci­pli­nary actions tak­en against the sus­pect­ed employees.”

IvanaHumperlot
IvanaHumperlothttp://buttonsmashgamers.com
I am a Platinum lover and an ex- Cod-aholic. I've been playing games since I was 5 years old and I refuse to quit, despite my mother's attempts to get me to. God of War and its successors are my all time favorite games.

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