Hex Founder Richard Heart Faces International Hunt After Interpol Red Notice

December 22, 2024
Hex Founder Richard Heart Faces International Hunt After Interpol Red Notice

Richard Schueler, known in the cryptocurrency world as Richard Heart, has moved from boasting about bold crypto ventures to being the subject of international legal scrutiny.

The name Richard Heart, has long been synonymous with bold claims and ambitious projects. As the founder of the Hex cryptocurrency, PulseChain, and PulseX, Heart carved out a niche in the volatile world of digital currencies. But now, that same notoriety is drawing international attention for less flattering reasons.

On December 18, 2024, Interpol issued a Red Notice for Schueler, following a request from Finnish authorities who are investigating the 44-year-old entrepreneur on charges of aggravated tax fraud and assault. The notice, a significant development in a string of legal troubles surrounding Heart, has placed him at the center of an increasingly high-profile case.

Hex Founder Richard Heart Faces International Hunt After Interpol Red Notice

The Search for Schueler AKA Heart: A Global Pursuit

Schueler’s legal issues have now crossed international borders. Finnish authorities are actively seeking his extradition, hoping to bring him to trial for alleged financial crimes. 

According to their investigation, Schueler failed to file business tax returns for several years, neglected to declare income from his various business ventures, and ultimately avoided paying hundreds of millions of euros in taxes. The accusations are not just confined to the realm of financial missteps, however.

Heart is also facing charges related to a violent assault. According to the Finnish authorities, he allegedly attacked a 16-year-old victim in a public place, dragging the teenager by their hair and repeatedly punching them in the face. The brutality of the attack left the victim with visible injuries, including broken facial skin, swelling, and bleeding.

These allegations are not just part of a broader investigation—they are also a key part of the case against Schueler, who has found himself a fugitive in the eyes of the law.

Heart and the Rising Legal Storm

As Schueler faces mounting scrutiny overseas, his legal battles are far from over in the United States. The U.S. Securities and Exchange Commission (SEC) filed a civil lawsuit against Schueler in August 2024, accusing him of conducting unregistered securities offerings through his cryptocurrency projects, Hex, PulseChain, and PulseX. 

The SEC claims Schueler raised over $1 billion from investors under the guise of offering “pathways to grandiose wealth,” all while allegedly misappropriating investor funds. Schueler, through his legal team, fought back, seeking to have the lawsuit dismissed. Yet, the SEC has shown no signs of backing down, asserting its authority to regulate the burgeoning cryptocurrency sector. 

What Does a Red Notice Mean for Schueler?

While not a warrant for arrest, a Red Notice places Schueler at the mercy of international law enforcement, signaling a serious escalation in his already complicated legal battles.

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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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