Last month, the legendary Sonic the Hedgehog co-creator was arrested for allegedly buying shares in one Development studio before its participation in a dragon quest game was announced. A month later, he was arrested a second time for reportedly buying shares in a Company working on a final fantasy spin off. Yesterday, Tokyo prosecutors formally charged Yuji Naka with insider trading of around $1,080,000 final fantasy
Corresponding NHKthe Tokyo District Attorney’s Office noted On had made a profit on insider trading (thanks, VGC). To the uninitiated, insider trading is when someone with non-public knowledge of a company can use that information to trade stock for an advantage. This is illegal in Japan. So Naka broke the law when he bought shares in ATeam before the studio announced it would develop the mobile game Final Fantasy VII: The First Soldier, a battle royale released exclusively for mobile devices. Although the game was announced in 2021, Naka was arrested on December 7th this year.
That was a month after he had been arrested the First time for buying shares in Aiming, the studio that created it Dragon Quest tact. In both incidents, he was arrested along with Square Enix employee Taisuke Sasaki. Sasaki was charged with trading around $782,000 worth of stock.
If the two made a profit on ATeam stock, it probably was before that The first soldier was canceled less than a year ago
Had it joined Square Enix Directing 2018 Balan wonder worlda weird action-platformer that was near-universal panned as a flop. The game was unfocused and confusing for many reviewers, and my city contain it on a list of the year’s biggest gaming disappointments. The director left Square Enix in June 2021. Perhaps Naka would have been better off focusing on running a good game instead of manipulating the stock market.
