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Yuji Naka Facing More Charges Of Insider Trading In Japan

by Donald Theriault - December 7, 2022, 6:21 am EST
Total comments: 2 Source: Asahi (JP link)

Semi trucks are being dispatched to prevent his escape as we speak.

Former Sega developer Yuji Naka is facing charges related to a second insider trading case from his time at Square Enix.

Naka and another former Square Enix employee have been charged with more counts of violating Japan's Financial Instruments and Exchange Act, according to Japan's TV Asahi (link in Japanese). The new charges stem from Naka allegedly purchasing 120,000 shares of mobile developer Ateam prior to the announcement that they were developing the Final Fantasy VII: The First Soldier mobile game in 2021.

Reportedly Naka made "hundreds of millions of yen" along with fellow former Square Enix employees due to the trading, though the game itself is slated to shut down next month. Similar charges were levied last month following the discovery of purchases of shares of a company making a Dragon Quest mobile game near the end of the development of the ill-fated Balan Wonderworld.


Cool Uncle VinceDecember 07, 2022

Looking forward to RFN's 800th episode, where they do a live prison break of Yuji Naka!

KhushrenadaDecember 08, 2022

Man, if I had the photoshop skills, I'd love to take the Wii cover of "Ivy the Kiwi?" and change it so that the title now said "Naka the Criminal?" with Naka's face imposed over top Ivy's face and maybe a couple police trying to reach out and grab at him from behind on the left edge of the picture.

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