Sonic Creator Arrested Again Over Final Fantasy Stocks

Yuji Naka, in 2021.

Just three weeks ago we reported the amazing news that Yuji Naka, creator of Sonic The Hedgehog, had been arrested on allegations of insider training in connection dragon quest. It is now reported that he has been arrested again on similar charges, this time allegedly relating to stocks purchased prior to Mobile Battle Royale’s 2021 announcement Final Fantasy VII: The First Soldier.

Yuji Naka, a name behind some of the most iconic Japanese game franchises of the past 30 years, could be in a lot of trouble. The man who took Sonic from a high school notebook doodle to one of the world’s most famous gaming characters was arrested in November along with others allegedly accused of buying shares in developer Aiming just before the 2020 public disclosure was given that the studio would do this Dragon Quest tact.

Less than a month later it is reported by Asahi that it will happen again, but this time in relation to his alleged purchase of shares in ATeam Entertainment just before it was announced in 2021 that they would be developing Square Enix’s ill-fated mobile game, Final Fantasy VII: The First Soldier. Corresponding Asahi, he reportedly paid 144.7 million yen ($1,051,000) for 120,000 shares of ATeam. He is said to have been arrested along with another former Square Enix employee, Taisuke Sasaki, who was also said to have been arrested for aiming stock last month.

Of course, if someone had done so, it would be an attempt to profit from the increased stock value that such an announcement would cause, but since it would be based on non-public confidential information, it qualifies as insider trading.

Most recently, Naka had worked on Square Enix awful Balan wonder worldbefore being fired from the studio six months before its release. He says he later sued Square Enix over itbut never announced the dissolution.

Squenix announced in February last year Final Fantasy VII: The First Soldier to be developed jointly with ATeam before its mobile release in November last year. Then, less than a year later, it was announced that they were kill it dead. ATeam shares are now worth about half their 2021 value and a fraction of their 2013 peak.

https://kotaku.com/yuki-naka-sonic-final-fantasy-arrest-insider-trading-1849862968 Sonic Creator Arrested Again Over Final Fantasy Stocks

Curtis Crabtree

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