Sonic creator Yuji Naka arrested in insider trading scandal

  • 📰 verge
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 67%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

*Insert sound of Sonic rings falling*

The scandal centers around former Square Enix employee Taisuke Sazaki, who obtained information that themobile game was being jointly created by game developers Square Enix and Aiming. Sazaki and another ex-Square Enix employee, Fumiaki Suzuki,in Aiming between December 2019 and February 2020 for approximately 47.2 million yen prior to the project’s public announcement on February 5th, 2020.

Naka was allegedly aware of the Aiming deal and bought 10,000 shares for about 2.8 million yen before it was publicly announced. Nakaon the Balan Wonderworld game between 2018 and 2021. All three men have now been arrested on insider trading charges. “We have been fully cooperating with requests from the Securities and Exchange Surveillance Commission,” said Square Enix in

following the arrests. “We deeply regret the great concern this has caused to all concerned. We have dealt with this incident strictly, including internal disciplinary actions taken against the suspected employees.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Is he on the RUN now? Ba dum tss

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 94. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sonic the Hedgehog Creator Reportedly Arrested for Insider TradingYuji Naka, the creator of SonicTheHedgehog, has reportedly been arrested for insider trading related to another major video game franchise.
Source: ComicBook - 🏆 65. / 68 Read more »