financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Interpol Issues Red Notice to Hex Founder Richard Heart
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Interpol Issues Red Notice to Hex Founder Richard Heart
Dec 24, 2024 9:15 PM

Richard Schueler, widely known as Richard Heart, the founder of Hex cryptocurrency, has been placed on Interpols global wanted list through a Red Notice.

Issued at the request of Finnish authorities, it follows allegations of tax fraud and assault in the country.

Tax Fraud and Assault Charges

The Red Notice is a formal request to law enforcement agencies worldwide to locate and provisionally arrest an individual pending extradition, surrender, or similar legal actions. However, it does not constitute an international arrest warrant.

Earlier this year, Heart was also featured on the European Union’s Most Wanted List for the same charges. Finnish authorities allege that he committed tax fraud between 2020 and 2024, with a remand order first issued against him on September 13, 2024.

“For the purpose of avoiding tax, Schueler failed to observe a statutory duty pertaining to taxation that is of significance in the assessment of tax,” read the tax fraud allegation.

The authorities claim that the 45-year-old failed to file business tax returns for multiple years and omitted information about his income in pre-filled personal returns.

They allege that he received income from business activities that should have been declared to the tax administration for assessment, with the total amount of dues avoided reaching hundreds of millions of euros.

In a separate case, Schueler is also wanted in Finland for allegedly assaulting a minor.

Schueler Defends Legacy Amid Interpol Notice

While the accused has not directly addressed the Red Notice, in a December 22 post on X, he seemed to reference the situation indirectly, challenging his ‘haters’ and highlighting his philanthropic efforts.

“Why settle for being wanted when you can be the most wanted?” read the post, referencing his claimed $27 million contributions to medical research, self-help books, and P2P publishing software.

He emphasized his belief in his positive impact, expressing that he strives to ‘make the world a better place’ despite feeling that those who make a difference often face unkindness.

Meanwhile, the Hex creator is also involved in a legal battle with the U.S. Securities and Exchange Commission (SEC). In 2023, the regulator sued him, accusing him of unregistered securities sales and fraudulent activities. The agency alleges that Heart conducted an unsanctioned sale of cryptocurrency securities that raised over $1 billion.

He is accused of promoting Hex as a blockchain certificate of deposit between December 2019 and November 2020. Further, he is said to have promised high returns and attracted $678 million in investments, but the token’s value later dropped by 98.4% from its peak.

The SEC also claims Heart raised $354 million for PulseChain, supposedly for development, but used the funds for personal luxuries. In January 2024, he filed a motion to dismiss the case, which the financial watchdog opposed, arguing it failed to address the allegations or meet legal standards.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Marathon Digital Increases Bitcoin Stash With $100M Purchase
Marathon Digital Increases Bitcoin Stash With $100M Purchase
Jul 25, 2024
Marathon Digital, the world’s largest Bitcoin mining company, has announced its latest purchase of $100 million worth of BTC, increasing its stash to more than 20,000 BTC. According to a press release, Marathon is changing its approach to its Bitcoin treasury policy and adopting a full HDOL strategy. This means that the miner will hold all BTC produced during its...
Coinbase’s UK Unit Slapped With $4.5M Fine for Violating High
Coinbase’s UK Unit Slapped With $4.5M Fine for Violating High
Jul 25, 2024
Coinbases UK unit CB Payments Limited (CBPL) was fined $4.5 million by the UK financial regulatory agency, the Financial Conduct Authority (FCA), for repeatedly violating a requirement that barred the firm from providing services to high-risk customers. While CBPL itself does not handle crypto transactions for customers, it serves as a gateway for trading through other entities within the Coinbase...
Scaramucci Slams Claims of Harris’s Anti
Scaramucci Slams Claims of Harris’s Anti
Jul 25, 2024
Amidst significant backlash for opting not to speak at the Bitcoin Conference, Vice President Kamala Harris has found an ally in SkyBridge founder Anthony Scaramucci. Voicing his support for the presumptive Democratic presidential nominee, Scaramucci criticized the ongoing narrative suggesting Harriss administrations hostility towards crypto. He contrasted this with former President and Republican nominee Donald Trumps history of calling Bitcoin...
Celebrity Meme Coins Plunge 94% From Peak Values on Average: Data
Celebrity Meme Coins Plunge 94% From Peak Values on Average: Data
Jul 25, 2024
The Solana blockchain saw the launch of 30 meme tokens by celebrities last month, including those from notable figures like Andrew Tate and Soulja Boy, according to Jupiter Slorgs recent statistics. On average, they have fallen by 94% from their peak values, with the top-performing tokens still suffering losses of over 70%, while half saw their values diminish by more...
Copyright 2023-2025 - www.financetom.com All Rights Reserved