Naka said to have bought stock based on inside information while at Square Enix Yuji Naka, the co-creator of Sonic the Hedgehog and former head of developer Sonic Team, has been arrested for insider trading in Tokyo.
Naka is alleged to have bought stock in developer Aiming in early 2020, based on inside information that it would be developing a Dragon Quest mobile game, Dragon Quest Tact.
Update (Dec. 7): Yuji Naka has reportedly been arrested a second time on insider trading charges, again relating to his time at Square Enix.
The Asahi Shimbun reports (in Japanese) that Naka and Square Enix employee Taisuke Sazaki bought shares in Ateam, developer of the ill-fated mobile spinoff Final Fantasy 7: The First Soldier, before Ateam’s collaboration with Square Enix on the title was made public.