Yuji Naka Japanese Video Game Programmer Arrest And Charge: On account of insider trading, Yuji Naka and two additional Square Enix employees were sentenced to prison.
Since his arrest, information has spread through the media, and many people are curious as to where the case stands. Let’s find out exactly what he did!
Is Yuji Naka Insider Trading In Jail?
The Japanese government has apprehended Yuji Naka, who is best known as a legend in the video gaming industry because they believe he may have engaged in insider trading in Tokyo. The Japanese news website FNN broke the news first, garnering widespread attention.
Several days ago, the Tokyo District Public Prosecutors Office released formal information claiming that Naka had obtained private information about a 2020 Dragon Quest mobile game while working for Square Enix.
According to the statement, he purchased 10,000 shares of the co-production company for the game, Aiming, before the project was made public.
Square Enix, the game’s publisher, has not yet made a public announcement about their collaboration with Aiming at the Game.
Japanese Video Game Programmer Yuji Naka Arrest And Charge
Yuji Naka, a Japanese video game programmer, was accused of insider trading. Nevertheless, he stated that he had no intention of engaging in illicit activity and had just decided to purchase the share in the hopes that the share price would rise.
No mention of him selling the shares has yet been made. In the arrest case, two other former Square Enix employees were also detained a day earlier on the same allegations in addition to Yuji.
The investigative team claims that Taisuke Sazaki and Fumiaki Suzuki purchased Aiming shares for 47 million yen ($336,000) between the end of 2019 and the beginning of 2020.
Suzuki discovered the existence of Dragon Quest Tact in November 2019, and everything took place after that. The authorities may soon begin judicial actions to determine the correct conclusion because they were able to catch the suspicious items.
Reddit Update: Know About The Reaction From Online Users
Reddit users have responded quite positively to the case, and the comments section is full of surprise, comedy, expectations for his release, and many other things, demonstrating Yuji Naka’s notoriety.
While some people think he is incapable of carrying out such work, others are eagerly awaiting his release from prison and other professional developments so they can enjoy a variety of gaming experiences.
On the other hand, some people believe that he should be held in a detention facility like a prison and that the police should repeat his sentence like a game’s restart button.
Some FAQs
What Is Yuji Naka net worth?
According to Net Worth and Salary, the programmer and designer of video games have a net worth of $1.4 million.
Is Yuji Naka the creator of Sonic?
Yuji Naka, a legendary figure in the world of video games and best known as the co-creator of Sonic the Hedgehog, has been taken into custody in Japan on suspicion of insider trading.
