Co-Creator of 'Sonic the Hedgehog' Arrested on Insider Trading Charges
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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. .
Sazaki reportedly obtained advance knowledge that
the 'Dragon Quest Tact' mobile game was going to be
developed by Square Enix and another developer, Aiming. .
Sazaki reportedly obtained advance knowledge that
the 'Dragon Quest Tact' mobile game was going to be
developed by Square Enix and another developer, Aiming. .
Along with fellow former Square Enix
employee Fumiaki Suzuki, Sazaki is accused
of purchasing 162,000 shares in Aiming. .
The acquisition of Aiming stock came between December 2019 and February 2020, prior to the project being announced to the public. .
The acquisition of Aiming stock came between December 2019 and February 2020, prior to the project being announced to the public. .
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. .
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
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