Interpol has issued a Red Notice for Hex founder Richard Schueler, accusing him of tax fraud and assault.
Schueler is also involved in a legal battle with the SEC over unregistered crypto offerings, including Hex, PulseChain, and PulseX.
The Red Notice comes amid concerns over Schueler’s alleged tax evasion and assault of a minor, further complicating his legal troubles.
Interpol has issued a Red Notice for Richard Schueler, the founder of Hex, over allegations of tax fraud and assault. A Red Notice is a global request for law enforcement to locate and provisionally arrest someone, although it is not the same as an international arrest warrant.
Finnish authorities are seeking Schueler, who has been placed on Europe’s most wanted fugitives list. The accusations against him are serious. Schueler is accused of physically assaulting a 16-year-old victim by dragging them into a stairwell, knocking them to the ground, and causing bodily harm.
In addition, he is suspected of evading taxes between June 2020 and April 2024 by failing to report his income and not filing proper tax returns.
Legal Challenges of Interpol Over Tax Fraud
These allegations come from Schueler’s ongoing legal battles in the United States. He is involved in a lawsuit with the U.S. Securities and Exchange Commission (SEC). Which claims he raised over $1 billion through the unregistered sale of crypto tokens like Hex, PulseChain, and PulseX.
The SEC accuses Schueler of misleading investors. Also suggesting the tokens would lead to significant wealth while using a large portion of the funds for personal luxuries like expensive cars and watches. Schueler has previously tried to have the lawsuit dismissed, but the SEC has pushed forward with the case.
Despite these legal issues, Schueler remains active on social media. Often posting comments that address the ongoing accusations. He continues to claim success. Citing a $27 million donation he made for medical research as evidence that he is unaffected by his critics.
The situation surrounding Schueler highlights the growing scrutiny of cryptocurrency projects and the founders behind them. With the SEC and international authorities pursuing legal actions against figures like Schueler, it is clear that the crypto industry is facing increasing pressure for transparency and accountability.
This could have wider implications for how crypto projects are regulated, particularly in the United States. Where the SEC is taking a strong stance on ensuring compliance with securities laws. The outcome of Schueler’s cases could set a precedent for future regulation.