Interpol has issued a 'Red Notice' for Richard J. Schueler, the controversial founder of HEX and PulseChain (also known as 'Richard Heart'). Heart is accused of large-scale tax evasion and committing violent acts against minors. This Red Notice is a global request to law enforcement agencies to locate and provisionally arrest Heart, who is also listed on the 'Wanted List' by the European police organization.
Image captured from interpol.int
Reports indicate that Finnish authorities have been investigating Heart for alleged tax evasion activities conducted between June 2, 2020, and April 2, 2024, with estimates of the evaded taxes potentially reaching hundreds of millions of euros. In addition to tax evasion allegations, Heart is also accused of assaulting a 16-year-old boy by grabbing his hair, dragging him into a stairwell, and pushing him to the ground.
In response to the issuance of this Red Notice, Heart has publicly expressed indifference. Despite facing serious allegations, he remains active on social media and has made targeted comments.
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
Given the seriousness of the allegations and Heart's role in the cryptocurrency space, the issuance of the Red Notice has raised significant concerns within the cryptocurrency community. Heart is also facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) regarding his alleged unregistered issuance of three cryptocurrencies: HEX, PulseChain (PLS), and PulseX (PSLX).
As this situation continues to develop, it is currently unclear how Heart will respond to these accusations and whether he will face international arrest or extradition proceedings. This case highlights the increasing scrutiny of cryptocurrency founders and the growing demand for transparency and compliance in the digital asset space.
Heart has recently been at the center of controversy. In 2023, the SEC accused him and his affiliated entities of unregistered issuance of crypto asset securities, raising over $1 billion from U.S. and international investors. The SEC also accused Heart of misappropriating at least $12 million in funds for the purchase of luxury items, such as sports cars, watches, and a 555-carat black diamond named 'The Enigma.'
The SEC detailed in its complaint how Heart promoted Hex tokens as high-yield investments, claiming they offered returns of up to 38% through staking features. However, the SEC alleges that a substantial portion of these Ether deposits were 'recycling' transactions, allowing Heart to control a significant portion of all HEX tokens.
"Interpol has issued a Red Notice for Richard Heart, founder of HEX and PulseChain, regarding tax evasion and violence against minors" This article was originally published in (BlockKe).
