UH OH
'Sonic The Hedgehog' Creator Yuji Naka Arrested For Insider Trading
Naka is alleged to have bought stock in developer Aiming based on inside information.
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The Lede
Yuji Naka, Sonic's co-creator and the former head of developer Sonic Team, has been arrested for insider trading in Tokyo.
Key Details
- Naka is said to have bought stock in developer Aiming, in early 2020, based on inside info about the mobile game "Dragon Quest Tact," it was working on.
- The partnership between Aiming and Square Enix — where Naka worked — to develop the game had not yet been made public.
- According to the Tokyo District Public Prosecutors Office's special investigations unit, Naka bought 10,000 shares in Aiming for about $20,000. It is not clear whether he sold the shares following announcement of the Dragon Quest game.
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