đ„SEC Charges Richard Heart and Entities for $1 Billion Unregistered Crypto Offerings and Fraudđ„
SEC charges Richard Heart and his entities, Hex, PulseChain, and PulseX, for conducting unregistered offerings of crypto asset securities, raising over $1 billion.
Heart is accused of fraud, misappropriating $12 million to buy luxury goods.
He marketed Hex as a high-yield investment and later conducted two more unregistered offerings for PulseChain and PulseX.
The SEC seeks injunctive relief, disgorgement, penalties, and other equitable relief.
