“Sonic” co-creator and “Balam” director Yuji Naka was fined $1.2 million for insider trading. Late last year, Naka was arrested on suspicion of (then) insider trading when he bought the rights to Dragon Quest Tact and Final Fantasy VII: First Soldier developer Ateam Entertainment Inc before the games were publicly announced. stock. Now, according to ...
Japanese courts today decided the fate of Yuji Naka for insider trading he engaged in with a colleague while working at Square Enix. Yuji Naka will be sentenced to four years of probation, and if he violates the terms of that sentence, he will have to serve two years and six months in prison. Mr. ...
That didn’t go so well: In December, Sonic inventor Yuji Naka was accused of insider trading. None of this had anything to do with Balan Wonderworld or the blue hedgehog, but the amount in dispute can make your ears tremble. Now Naka has made a confession in court. No wonder Yuji Naka needed some money ...
Yesterday, March 2, game developer and Sonic founder Yuji Naka pleaded guilty in court to insider trading charges. The allegations came as the developer teamed up with publisher Square Enix to develop Balan Wonderworld.Why are games dying?Eventually, Naka learned that Ateam Entertainment Inc. was developing new Dragon Quest and Final Fantasy mobile games, and Naka ...
Sonic End of 2022, Yuji Naka was arrested by Japanese authorities. Whoever was one of Sonic’s parents as the main programmer and veteran leader of Sonic Team has been accused of misinformation with Square Enix’s upcoming releases. Yuji took advantage of his privileged position to buy stocks before the release of video games; such was ...
What a fabric! Of course, these months are not being easy for Yuji Naka, the creator of Sonic, and we have a new update on his particular case. If you remember, the programmer was denounced by Square Enix after being fired from the company for allegedly having been benefiting financially thanks to confidential information. More ...
Sonic co-creator Yuji Naka has pleaded guilty in the first court case against him and another former Square Enix employee to insider trading. Mr Naka told the court that he found out about the games in question before the company made them public and that he bought shares in them to profit financially. The court ...
The Tokyo District Public Prosecutor’s Office said tonight that famed video game creator Yuji Naka has been formally charged along with Square Enix employee Taisuke Sasaki. Both were arrested last month after Naka bought ¥144.7 million worth of Square Enix shares after learning the company was planning to spin off Final Fantasy, Final Fantasy VII: ...
Former Sonic Team boss Yuji Naka has once again been charged by the Special Investigation Department regarding insider trading in Japan. Yuji Naka and another former employee at Square Enix were charged with another count of violating Japan’s Financial Instruments and Exchange Act. Mr. Naka is now accused of purchasing an additional 120,000 shares of mobile ...
Yuji NakaThe co-creator of Sonic the Hedgehog has been arrested by the Tokyo District Public Prosecutors Office on charges of insider trading. The problem arose after Naka purchased 10,000 shares of developer Aiming during his employment at Square Enix in 2020, Fuji News reported. Balan Wonderworld – A hero or two Both companies are co-developers ...
