Crime Yuji Naka, creator of Sonic the Hedgehog, arrested in Dragon Quest Tact insider trading scandal


Naka said to have purchased 2.8 million yen in Aiming shares ahead of game's announcement.

Yuji Naka, one of the co-creators of the Sonic the Hedgehog series, has been arrested by the Special Investigation Department of the Tokyo District Public Prosecutors Office in an insider trading scandal involving former employer Square Enix.

According to the Special Investigation Department, Naka learned in January 2020 that Square Enix, where he was then an employee, was collaborating with Caravan Stories developer Aiming to develop Dragon Quest Tact. He then allegedly purchased about 10,000 shares of Aiming for approximately 2.8 million yen before the title was announced, suspecting that the company’s stock price would rise after the announcement.

Taisuke Sasaki, another former Square Enix employee, and acquaintance Fumiaki Suzuki were also arrested yesterday on suspected insider trading. The pair are believed to be have purchased about 162,000 shares of Aiming for approximately 47.2 million yen ahead of Dragon Quest Tact‘s announcement.

Thanks, FNN Prime Online.
 
kek and now he doesn't have even his old compadres from Sega to turn to (see his crossed out Naoto Oshima photo)
 
fuck you I liked it

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Naka might be an asshole but it's also very suspicious that they just happened to discover that the guy filing a lawsuit against them might have done something wrong
but I guess no nigger on the internet learned anything from the Mick Gordon or Hellena Taylor shit
 
In the first place, I've never gotten the restriction against insider trading. You can't definitively prove-- outside of conspiratorial communications-- what knowledge one is or isn't privy to, and you can't definitively prove (same caveat) whether or not you bought or sold stocks based on said knowledge. On top of that, you never know for certain how the stock market will move. In essence, you have to preempt yourself from taking what could be a naturally made decision, because of the possibility that you'll benefit. And this is wrong because...

...it's unfair, I suppose the reasoning is. Or it supposedly damages the economy...?

That said, I've long reckoned the stock market to be a highbrow casino, so the prohibition against insider trading seems apt.
 
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