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Fortune
Fortune
Chris Morris

“Sonic the Hedgehog” co-creator arrested on inside trading charges

(Credit: James Devaney—Getty Images)

Yuji Naka, the co-creator of the popular Sonic the Hedgehog franchise, has been arrested in Tokyo on charges of insider trading.

Naka was taken into custody on Friday by the Tokyo District Public Prosecutors Office. He’s accused of buying 10,000 shares in a game developer called Aiming Inc, prior to an announcement that the company would be developing Dragon Quest Tact, a mobile version of the hit Dragon Quest franchise. Authorities say he did so knowing the announcement was forthcoming.

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