Sonic the Hedgehog co-creator Yuji Naka has admitted his guilt in taking part in an insider trading scheme at Square Enix.
Naka then allegedly bought approximately 10,000 shares of Aiming stock for around ¥2.8 million , with the intention to sell it again once the game was announced and Aiming’s stock value increased.in December, relating to allegations that he had carried out similar insider trading after learning confidential information that Square was planning to make Final Fantasy VII: The First Soldier with mobile developer ATeam Entertainment.
It’s claimed that, armed with this knowledge, he then bought 130,000 shares, earning a profit of over ¥20 million upon their sale. Following Naka’s first arrest, and those of former Square Employees Taisuke Sazaki and Fumiaki Suzuki who were also accused of being involved, the Final Fantasy publisher committed to working with authorities on the matter.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Square Enix snuffs out Luminous, the studio behind ForspokenThe gaming community gave Forspoken a collective 'meh,' and its publisher has already run out of patience.
Read more »
New images show how a redesigned George Square could lookNew images have been revealed that show how a redesigned George Square could look.
Read more »
George Square set to get play areas and water feature under redesign plansAn update on the planned redesign will be presented to councillors next week after architects completed the second of four design phases.
Read more »
Nottingham gym fight sees three hurt and five arrestsPolice were called to Trinity Square in Nottingham on Monday evening, to reports of a brawl.
Read more »
Five men arrested after fight reportedly broke out in gymNottinghamshire Police said five men who are aged 21, 25, 32, 36 and 46, were arrested overnight on suspicion of affray.
Read more »