Yuji Naka has now been formally charged for insider trading

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The Tokyo District Public Prosecutors Office has said this evening that famed video game creator, Yuji Naka, has been formally charged alongside Square Enix employee, Taisuke Sasaki. Both were arrested last month after Naka purchased ¥144.7 million yen of Square Enix stock as he learned that the company were planning  the Final Fantasy spin-off, Final Fantasy VII: The First Soldier, before it was officially unveiled by the company, knowing that the stock would surge. Sasaki also purchased ¥105 million yen worth of stock ahead of the announcement by Square Enix. They have both been formally charged with insider trading by the Tokyo District Public Prosecutors Office.

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