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‘Sonic’ co-creator Yuji Naka reportedly arrested for insider trading

Yuji Naka, who co-created Sonic the Hedgehog and headed programming for the unique sport collection, has reportedly been arrested for insider buying and selling. In accordance with Fuji Information Community, authorities consider Naka purchased 10,000 shares in sport growth firm Aiming for two.8 million yen ($20,000) earlier than it grew to become public that the developer was working with Sq. Enix on Dragon Quest Tact

Naka joined Sq. Enix in 2018 and labored on the platform sport Balan Wonderworld. He wasn’t there that lengthy, nevertheless, and introduced that he had left the corporate shortly after the sport was launched. Naka additionally revealed earlier this yr that he had sued Sq. Enix after they eliminated him as Balan Wonderland’s director six months earlier than the sport was launched. Whereas he has already left the corporate, he was nonetheless with Sq. Enix whereas Dragon Quest Tact was being developed, and that was allegedly how he discovered concerning the smartphone sport earlier than it was even introduced.

Naka wasn’t the one former Sq. Enix worker who was arrested for insider buying and selling. A Taisuke Sasaki and a Fumiaki Suzuki had been additionally arrested for buying 162,000 shares of Aiming for round 47.2 million yen ($337,609). Like Naka, they reportedly purchased Aiming shares with the assumption that they’d go up in worth after Dragon Quest Tact’s announcement. In a press release addressing the duo’s arrest, Sq. Enix mentioned that it is totally cooperating with the investigation and that it has arrange a system to stop any extra situations of insider buying and selling. 

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