Co-Creator of , 'Sonic the Hedgehog' , Arrested on Insider Trading Charges.
The Verge reports that Yuji Naka, co-creator of the iconic 'Sonic the Hedgehog' franchise, has been arrested by authorities in Japan.
The Verge reports that Yuji Naka, co-creator of the iconic 'Sonic the Hedgehog' franchise, has been arrested by authorities in Japan.
According to Fuji News Network, the developing scandal centers around Taisuke Sazaki, a former Square Enix employee.
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Sazaki reportedly obtained advance knowledge that the 'Dragon Quest Tact' mobile game was going to be developed by Square Enix and another developer, Aiming.
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Sazaki reportedly obtained advance knowledge that the 'Dragon Quest Tact' mobile game was going to be developed by Square Enix and another developer, Aiming.
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Along with fellow former Square Enix employee Fumiaki Suzuki, Sazaki is accused of purchasing 162,000 shares in Aiming.
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The acquisition of Aiming stock came between December 2019 and February 2020, prior to the project being announced to the public.
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The acquisition of Aiming stock came between December 2019 and February 2020, prior to the project being announced to the public.
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Naka, the co-creator of 'Sonic the Hedgehog,' was allegedly also privy to the upcoming Aiming deal and purchased 10,000 shares in the developer.
Naka, the co-creator of 'Sonic the Hedgehog,' was allegedly also privy to the upcoming Aiming deal and purchased 10,000 shares in the developer.
The Verge reports that Naka was an employee of Square Enix between 2018 and 2021.
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We have been fully cooperating with requests from the Securities and Exchange Surveillance Commission.
, Square Enix, official statement, via The Verge.
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, Square Enix, official statement, via The Verge.
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, Square Enix, official statement, via The Verge.
The Verge reports that all three men have been arrested by Japanese authorities on charges of insider trading
