Support NeoGAF

[Draugoth]

source​

Sonic the Hedgehog co-creator Yuji Naka and former Square Enix employee Taisuke Sasaki have been formally indicted following their arrest for alleged insider trading offenses.

According to NHK, the Tokyo District Public Prosecutors Office has determined that Naka had confidential information that Square had planned to develop a Final Fantasy spin-off, Final Fantasy VII: The First Soldier with mobile developer ATeam Entertainment.

Using this information, the Sonic the Hedgehog creator purchased ¥144.7 million yen ($834,000) of company stock, with the knowledge that stock value in the company would rapidly rise following the public announcement of the collaboration. Sasaki also allegedly purchased ¥105 million yen ($787,318) of stock.

It is currently unclear when Naka or Sasaki will stand trial.

 

[ManaByte]

 

[feynoob]

 

[adamsapple]

Gotta go fast, to jail.

 

[Barakov]

Is this two or three times?

 

[OverHeat]

Get rich or die trying

 

[cartman414]

Where did you find this?

 

[diffusionx]

The way every news post about this has the picture of him in that stupid balan hat is just insult added to injury

 

[feynoob]

Where did you find this?

Just click on the gif, and type the word (fuck around), and you will see it.

 

[UnNamed]

But... but... he coded Sonic in assembly, he knows better than anyone... fuck that idiot.

 

[nikos]

This is absolutely nothing compared to the fuckery that goes on in the US stock market. If only the SEC would do something about that, maybe my shit wouldn't be decreasing on a fucking daily basis.

 

[IntentionalPun]

Thought I was having a déjà vu moment until I realized this is the second time in as many months he's been arrested for insider trading...

Dude probably knew he was double-fucked after his November arrest considering he did all this trading a couple years back lol

 

[In Cold Blood]

He should know that only politicians are allowed to insider trade.



On a personal note, one place I worked at had another tenant in the other side of the building, which was a mining company.
They were also prospecting and every so often would get their drilling results in from their leases. Their board room was right next to my office on the other side of a flimsy wall with no sound proof between it. I could hear everything that they said.
So when they had these meetings with the directors they would talk about the latest drilling results and what they would put in their press releases etc. You would also hear them say shit Luke "now everyone needs to adhere to their obligations about confidentiality and in no way can you recommend anyone to buy or sell shares (it was publicly traded) as it is against the law.
So I would just open my share trading platform and buy their shares when it was good news and then wait for a bit to sell and repeat the process.

 

[Ozzie666]

He got away with making Balan.
He got away with Sonic Saturn debacle.
He got away with treating Mark and STI like crap.
Some might say this karma, kismet or delayed justice for being an asshole.
But honestly, this seems pretty dam serious. With his level of arrogance, this is not surprising.

 

[{insert code here}]

So, is this why we got a bunch of awful Sonic games? Man's was short that SEGA stock.

 

[mitch1971]

Sonic the Hedgefund

 

[Badlucktroll]

y he do dis

 

[F0rneus]

Oh dear. Oh well, thanks for Sonic. Now, time for uhhh...something new for you Yuji.

 

[coffinbirth]

And yet he walked freely among us after Balan Wonderworld.

 

[ANDS]

Just a dumb thing to do. Everyone, on even a most basic level, has to know what insider trading is. Marth Stewart at a minimum should have clued folks in how dangerous it can be to jump on a "hot tip" (though they didn't really get Stewart for insider trading, it at least should have clued people in to how slippery this shit can be). Flat out purchasing stock based SOLELY on information you have that the generally public doesn't is insane.

This is absolutely nothing compared to the fuckery that goes on in the US stock market. If only the SEC would do something about that, maybe my shit wouldn't be decreasing on a fucking daily basis.

The SEC doesn't sit on their hands.

 

[jigglet]

*Judge plays a modern 3D sonic game*

*Judge throws the fucking book at him, literally*

 

[Sleepwalker]

Let this be a warning for the gaming industry, you produce trash like Balan wonderworld and you go to jail.

 

[coffinbirth]

Just a dumb thing to do. Everyone, on even a most basic level, has to know what insider trading is. Marth Stewart at a minimum should have clued folks in how dangerous it can be to jump on a "hot tip" (though they didn't really get Stewart for insider trading, it at least should have clued people in to how slippery this shit can be). Flat out purchasing stock based SOLELY on information you have that the generally public doesn't is insane.



The SEC doesn't sit on their hands.

Check out Feb. 28th 2022 on there. Ew.

 

[Impotaku]

Look out for his new game, nights in cells.

 

[Midnight Bliss]

see you in hell, balan wonderjail

 

[Saber]

Hope they also jails Sonic for crimes against humanity.
Anyway, sad end for Yuji. You will still be remembered for your Sonic games. Though they will also remember that Balan bullcrap...

 

[Secret of Evolution]

I’d be more interested in hearing who tipped them off.

 

[BlackTron]

Man what a fall from grace. First you put out Balan W and now this.

When Miyamoto finally leaves the scene it's gonna be some Michael Jackson/Elvis grade craziness.

 

[Calling 911 Melts Beams]

Going to share a cell with sonichu

 

[fart town usa]

What if Yuji pulled off a rubber mask and it turns out he was Dennis Dyack this whole time?

 

[Werewolf Jones]

Making Balan Wonderworld isn't enough justification for prison time?

 

[cartman414]

Wasn't he pushed off Balan?

 

[cireza]

Someone needs to put a red clown nose on that first picture. I would do it if I had time.

 

[Puscifer]

This is absolutely nothing compared to the fuckery that goes on in the US stock market. If only the SEC would do something about that, maybe my shit wouldn't be decreasing on a fucking daily basis.

Yeah I had fun when the market was absolutely nuts between 2014 and 2020 when just dumping into the S&P and DOW was guaranteed returns. Can't say that now, depending on the market post holidays I'm likely pulling out, I can't keep losing money like this.

 

[Bloobs]

 

[anthony2690]

That sucks, I like Yuji Naka, he made some of my fave childhood games ever.

Wait till we find out Sqaure Enix has framed him due to Balan Wonderworld. (I have a sealed copy of that on my shelf that I got for £5 from Smyth's toys last year) XD

 

[Griffon]

y he do dis

Probably because it wasn't the first time he did that sort of grift.

But this time he got caught, likely a result of blackmail but we'll never know.

 

[UnNamed]

Sonic the Hedgefund

Nights into Jail

 

[SF Kosmo]

This is absolutely nothing compared to the fuckery that goes on in the US stock market. If only the SEC would do something about that, maybe my shit wouldn't be decreasing on a fucking daily basis.

It's true, if we prosecuted this sort of thing effectively in the US, Congress would be empty.

 

[Henry Panic]

Looks like Eggnan finally got Sonic in a cage with the other animals after all.

 

[Jinzo Prime]

This is such a cut and dry case of insider trading, and its so easy to do.

Just remember to talk to a CPA before making large securities purchases, and if a deal is too good to be true, than it probably is!

 

[mortal]

It's been a rough year for Yuji Naka.

 

[jufonuk]

Nights into Jail

 

[mansoor1980]