The announcement of the arrest of Yuji Naka for insider trading following his lawsuit against Square-Enix is probably in the top 5 of the most surprising information that we could relay this year. And it unfortunately doesn’t stop there for one of Sonic’s dads, since the creator of Balan Wonderworld was again arrested for the same crime, this time for taking advantage of information he had regarding the mobile game Final Fantasy VII: The First Soldier.
An even more serious fraud
A few weeks ago, we learned that Yuji Naka was facing justice after using his position at Square Enix to enrich himself. He would have had access to information about certain games to be released, such as Dragon Quest Tact, before investing in the studios behind these projects, before they are publicly announced. What is illegal, you will understand.
Rebelote today with the ATeam studiodeveloper of Final Fantasy VII: The First Soldier. According to the Asahi news site, Yuji Naka would have used the information in his knowledge to buy shares of the studio equivalent to 144 million yen (nearly 800,000 €)which is much more serious than the case Dragon Quest Tactwhere Naka had bought around €19,000 worth of shares.
Apart from the fact that he did not have a good nose, since the game quickly announced its closure, this accusation could go very far, without we know more for the moment about the consequences of this affair.