Saturday, November 19, 2022

 UH OH

'Sonic The Hedgehog' Creator Yuji Naka Arrested For Insider Trading

'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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