December 7, 2022

Naga Again? Sonic Creator Arrested Again for Insider Trading

This post may contain affiliate links from places like Amazon and Green Man Gaming — and we may earn a small commission when you click these links. All earnings will go to keeping this website as minimally ad-free as possible. Learn more here.

Naga Again? Sonic Creator Arrested Again for Insider Trading

By Nick | December 7, 2022
Yuji Naka, the creator of Sonic the Hedgehog, has reportedly been arrested again.

Yuji Naka, the Japanese developer responsible for conceiving the concept of the first Sonic the Hedgehog game and leading development on multiple titles in the series, has been arrested once more, as reported by the Asahi website.

It was recently revealed that Naka had been arrested a few weeks ago for engaging in insider trading within Square Enix, having purchased approximately $20,000 USD worth of shares of a company that was developing a mobile Dragon Quest game, prior to the title's official announcement.

Naka, a former Square Enix employee, has been arrested again for engaging in insider trading, which is illegal in most countries including Japan. This instance of insider trading is reportedly more egregious than his previous one, as reported by VGC.

Naka reportedly invested approximately $834,000 in a separate company that was working on a mobile title based on a Square Enix property, Final Fantasy VII: The First Soldier.

Prior to the game's official announcement, Naka purchased shares of its development studio, M2 Co., which is known for developing the Sega Ages series and porting the Final Fantasy VII Remake Intergrade to Switch.

Naka's purchase was made on November 25, 2020, according to a filing with Japan's Financial Services Agency (FSA). The document states that Naka bought undisclosed shares in M2 Co. paying approximately $75 each. This transaction brought his total shareholding in M2 up to 618 shares, constituting 3% of the company's outstanding stock.


January 24, 2023
Sandbox Sensation Aloft Soars to New Heights with Steam Trailer and Demo

Developer Astrolabe has announced that a new demo update for the co-op floating island survival sandbox game Aloft is now available on PC via Steam

Read More
January 23, 2023
Outworld Patrol (Steam ) Review

Control a space rover as you jump to avoid obstacles on a horizontally scrolling landscape while shooting down alien ships that shoot missiles from above

Read More
January 21, 2023
Dwarven Skykeep (Steam) Review: Fun, But Just Likes Dwarves, Falls Short

Play as a powerful wizard and defend your sky keep against hordes of goblins and other creatures in this unique blend of base- and deckbuilding!

Read More

POPULAR POSTS

June 7, 2020
WEAPON HACKER PC REVIEW

Tl;DR: Weapon Hacker is a fun-filled exploration/shooter that brings a multitude of weapon combinations ensuring that you will rarely play the same level twice! real men wear yellow jumpsuits Despite its simple graphics, Weapon Hacker by indie developer Luke Rissacher, is actually a fun little rogue-lite platformer. Granted, much of the fun comes from mercilessly […]

July 24, 2021
A-Maze-ing! Labyrinth City: Pierre the Maze Detective

Labyrinth City: Pierre the Maze Detective is a fun and satisfying adventure game full of wonders and delight!

October 21, 2021
Green Man Gaming Strikes Partnership Deal with Finstock Capital

Unique funding deal opens up new opportunities for global indie game developers

October 10, 2021
Stellar? Not Quite, But Close - Stellar Warfare (Steam) Review

To be honest, Stellar Warfare is not an RTS triumph, not in the traditional sense, but it is a triumph of vision, special effects, and pragmatic programming.

April 19, 2022
FPS Warstride Challenges Enters Steam Early Access Today!

Warstride Challenges is a fast-paced FPS where skills, speed, and a heavy load of fun live together to make a frenetic and addictive action experience.

envelope
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram