Long-time crypto entrepreneur, Richard Heart has been in the sights of the Securities and Exchange Commission (SEC) for almost 2 years. Now accused of physical assault and tax evasion, he is wanted by law enforcement around the world.
Richard Heart was already in the sights of the Securities and Exchange Commission
Last week, Interpolinternational criminal police organization, issued an international wanted notice against Richard James Schueler, also known as Richard Heart.
This crypto entrepreneur is particularly known for founding Hexan ERC-20 type token based on the Ethereum blockchain. By staking this cryptocurrency, investors could supposedly enjoy staggering returns. It was the same for 2 other tokens created by Richard Heart: PulseChain and PulseX.
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This did not fail to intrigue the Securities and Exchange Commission (SEC) which decided to file a complaint against the entrepreneur. Indeed, the American financial policeman considers that Richard Heart raised more than a billion dollars grace ” the unregistered offering and sale of securities of crypto assets, while presenting them as a path to grandiose wealth “.
This summer, Richard Heart asked the court dismissal of SEC complaint. However, the latter defended itself, stating that it had the right to take legal action against him, by virtue of the regulatory powers conferred on it. “ The defendant directed much of his promotional efforts specifically to investors based in the United States, » explained the regulatory authority.
Eventually, SEC lawsuit upheld by court. Richard James Schueler then declared that this complaint “ had no influence » about him. “ I live abroad, and I clearly will not set foot in the United States during the trial, » he added.
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Interpol issues a red notice against him, police around the world are now looking for him
In addition to his affair with the SEC, Richard Heart must now face upon the issuance of an Interpol Red Notice against him, at the request of Finland. According to the wanted notice, the crypto entrepreneur is being prosecuted for assaulting a 16-year-oldbut also to have failed to declare income between 2020 and 2024.
On X, the main interested party did not show concern. “ All my life I have been preparing for the future. I anticipated it. I created it. I've never been safer and I'm looking forward to it, » said Richard Heart.
My whole life I've been preparing for the future. Anticipating it. Creating it. I've never been safer and I'm excited for the future.
The Honorable Justice in SEC v me should have her ruling out soon. Donald Trump will be in office soon. PulseX, PulseChain, HEX, INC are all…
— Richard Heart (@RichardHeartWin) December 21, 2024
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The entrepreneur even showed confidence regarding the future of its tokens. “ The honorable judge in the SEC case against me is expected to issue his decision soon. Donald Trump will soon be in power. PulseX, PulseChain, HEX, INC all work great. This makes some entities furious, but they literally can't do anything about itapart from being furious. It's nice to be wanted, » quipped the one who is now searched by police around the world.
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Source: Interpol
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Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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