Articles for tag: charged, Insider, Naka, officially, Trading, Yuji

NinFan

Yuji Naka is now officially charged with insider trading

Yuji Naka is now officially charged with insider trading

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: ...

NinFan

Insider says Yuji Naka will “probably be given a suspended sentence”

Insider says Yuji Naka will “probably be given a suspended sentence”

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 ...

Geralt of Sanctuary

Sonic co-creator Yuji Naka arrested for Dragon Quest game

Sonic co-creator Yuji Naka arrested for Dragon Quest game

In the past 24 hours, a number of people – including a Square Enix employee – have been arrested in Japan for insider trading dragon quest game announcement. Legendary Sega designer Yuji Naka is now reportedly on board among them. The scandal revolves around a studio called Aiming, announced in 2020 as the developer of ...

The Boss

Yuji Naka casually confirms Michael Jackson’s involvement in Sonic 3

Yuji Naka casually confirms Michael Jackson’s involvement in Sonic 3

Out of nowhere, the former head of Team Sonic Naka Yuji confirmed Michael Jackson actually did work on the Sonic 3 soundtrack – Sega officially denied his involvement years later. Since Michael Jackson’s involvement was never officially confirmed, Naka Yukichi essentially confirmed one of the biggest rumors surrounding the team. The accidental confirmation came from ...

The Boss

Yuji Naka sues Square Enix over Balan Wonderworld release

Yuji Naka sues Square Enix over Balan Wonderworld release

Yuji Naka, creator Sonic the Hedgehogshared Square Enix remove him from the directorship Balan Wonderland Six months before the game’s launch. Naka shared the news on his own Twitter account, where he also detailed the fact that he filed a lawsuit against Square Enix, and with the lawsuit now over, he was able to share ...