Yuji Naka Arrested For Insider Trading
13The legendary Sonic the Hedgehog co-creator was arrested last month for allegedly purchasing shares in a development studio before its involvement in a Dragon Quest game was announced. A month later, he was arrested for the second time for allegedly purchasing stock in a company that was working on a Final Fantasy spinoff. Yesterday, Tokyo prosecutors formally charged Yuji Naka with insider trading in Final Fantasy stock worth approximately $1,080,000.
The Tokyo District Public Prosecutors Office determined that Naka was profiting from insider trading, according to NHK (Thanks, VGC). Insider trading, for the uninitiated, occurs when someone with non-public knowledge of a company is able to use that information to trade stock at a disadvantage. In Japan, this is illegal. As a result, Naka broke the law when he bought shares in ATeam before the studio announced that it would be developing the mobile game Final Fantasy VII: The First Soldier, a battle royale that was only available on mobile devices. Despite the fact that the game was announced for 2021, Naka was arrested on December 7th 2022.
Connect with me:
YouTube: https://www.youtube.com/channel/UCdGuKfKu9YlSLQ2Ujicw5uQ
Twitter: https://twitter.com/thelambencyshow
Website: https://www.thelambencyshow.com/
Twitch: https://www.twitch.tv/thelambencyshow
Rumble: https://www.rumble.com/thelambencyshow
Other Videos By Animeneax
Other Statistics
Batman: Arkham Knight Statistics For Animeneax
At this time, Animeneax has 509 views for Batman: Arkham Knight spread across 1 video. His channel published less than an hour of Batman: Arkham Knight content, making up less than 0.04% of the total overall content on Animeneax's YouTube channel.