Co-Creator of , 'Sonic the Hedgehog' , Arrested on Insider Trading Charges.<br />The Verge reports that Yuji Naka, co-creator <br />of the iconic 'Sonic the Hedgehog' franchise, <br />has been arrested by authorities in Japan.<br />The Verge reports that Yuji Naka, co-creator <br />of the iconic 'Sonic the Hedgehog' franchise, <br />has been arrested by authorities in Japan.<br />According to Fuji News Network, the developing <br />scandal centers around Taisuke Sazaki, <br />a former Square Enix employee. .<br />Sazaki reportedly obtained advance knowledge that <br />the 'Dragon Quest Tact' mobile game was going to be <br />developed by Square Enix and another developer, Aiming. .<br />Sazaki reportedly obtained advance knowledge that <br />the 'Dragon Quest Tact' mobile game was going to be <br />developed by Square Enix and another developer, Aiming. .<br />Along with fellow former Square Enix <br />employee Fumiaki Suzuki, Sazaki is accused <br />of purchasing 162,000 shares in Aiming. .<br />The acquisition of Aiming stock came between December 2019 and February 2020, prior to the project being announced to the public. .<br />The acquisition of Aiming stock came between December 2019 and February 2020, prior to the project being announced to the public. .<br />Naka, the co-creator of 'Sonic the Hedgehog,' <br />was allegedly also privy to the upcoming Aiming deal and purchased 10,000 shares in the developer.<br />Naka, the co-creator of 'Sonic the Hedgehog,' <br />was allegedly also privy to the upcoming Aiming deal and purchased 10,000 shares in the developer.<br />The Verge reports that Naka was <br />an employee of Square Enix <br />between 2018 and 2021. .<br />We have been fully cooperating with <br />requests from the Securities and <br />Exchange Surveillance Commission. , Square Enix, official statement, via The Verge.<br />We deeply regret the great concern this has <br />caused to all concerned. We have dealt with <br />this incident strictly, including internal <br />disciplinary actions taken against <br />the suspected employees, Square Enix, official statement, via The Verge.<br />We deeply regret the great concern this has <br />caused to all concerned. We have dealt with <br />this incident strictly, including internal <br />disciplinary actions taken against <br />the suspected employees, Square Enix, official statement, via The Verge.<br />The Verge reports that all three men have <br />been arrested by Japanese authorities <br />on charges of insider trading
