Kane99 Posted November 19, 2022 Posted November 19, 2022 Sad to see a veteran developer doing something shady, but I'm sure many people in power at these game companies have done some shady stuff. I'm pretty sure some people who worked at Activision, Ubisoft and EA have done far worse. This is alleged to have taken place in Japan. Yuji Naka is also the developer of Phantasy Star, and ChuChu Rocket. Anyway, it is alleged that he and two other Square Enix employees invested in Square Enix stock in preperation for the game Dragon Quest Tact. From the article: Quote He allegedly bought 10,000 shares in developer Aiming, at a value of around $20,000, ahead of it announcing the Dragon Quest Tact mobile game in partnership with Square Enix. The other employees arrested, Taisuke Sazaki and Fumiaki Suzuki, allegedly purchased a combined total of 162,000 shares at a value of around $337,250. Sazaki is also alleged to have informed Naki and Suzuki about the potential rise in value. You can read more on this story here - https://uproxx.com/edge/yuji-naka-arrested-insider-trading-square-enix/
Empire Posted November 19, 2022 Posted November 19, 2022 Considering a lot of the unsavory information I found about Yugi Naka in the past few years, I'm kind of not surprised that he'd do something like this. I guess Balan Wonderworld truly was the final nail in the coffin for him.
Justin11 Posted November 21, 2022 Posted November 21, 2022 Well, I really can't say much on this because I know very little about Yuji Naka but there's every good in been honest and dealing in honesty with your partners no matter the case or the issue that might be going on at the time.
killamch89 Posted November 27, 2022 Posted November 27, 2022 Insider trading is a serious crime so he has to do the time. To be honest, I don't know much about Yuji Naka outside of him creating Sonic so I can't say much else about his personal issues.
Kane99 Posted January 6, 2023 Author Posted January 6, 2023 A little update to this news, looks like there's more to the story. Yuji Naka, has since been charged with insider trading for Illegally Trading Over $1 Million In Final Fantasy Stock. Link below with more details: https://kotaku.com/sonic-square-enix-final-fantasy-dragon-quest-stock-1849935301 The total comes out close to around $1,080,000.
The Blackangel Posted January 6, 2023 Posted January 6, 2023 He has gone too far. He couldn't be happy being a legend in the gaming industry, so he decided to be greedy. Insider trading is a federal crime here in the states if I remember correctly. He can lose his license to produce games, and lose his job in the industry. And when it gets around about him doing this, no other company will hire him. Unless he becomes a shadow employee. Even then, he would suffer a major pay cut. So all the money he embezzled from this would have to go to not only fines from the FTC, but to get him out of debt and living a very modest life. He screwed himself. It's that damn simple. Some criminals are pure idiots. Others a re pure genius (zodiac) and never get caught. It's sad.
killamch89 Posted January 23, 2023 Posted January 23, 2023 On 1/5/2023 at 7:35 PM, Kane99 said: A little update to this news, looks like there's more to the story. Yuji Naka, has since been charged with insider trading for Illegally Trading Over $1 Million In Final Fantasy Stock. Link below with more details: https://kotaku.com/sonic-square-enix-final-fantasy-dragon-quest-stock-1849935301 The total comes out close to around $1,080,000. He should've known better as he'll be locked away for a good amount of time as it's a serious crime in Japan. Correct me if I'm wrong, but the length of time he could face is minimum 5 years.
