From bad to worse
Well, the situation for famed game developer Yuji Naka has gone from bad to worse. We’ve already reported on two separate occasions that Naka was arrested under suspicion of insider trading at Square Enix, using early information about upcoming games/collaborations to buy stock and make a quick buck. Now things have escalated, and Naka has been formally indicted in these cases.
According to Videogames Chronicle, the Tokyo District Public Prosecutors Office has determined that Naka did indeed have inside information about upcoming titles, and illegally used that knowledge to purchase ¥144.7 million yen ($834,000) of company stock.
Square Enix employee Taisuke Sasaki was also arrested for the same accusations, and they too have been indicted for the matter.