SEC informs court that Richard Heart has been notified

The founder of the blockchain projects #pulsechain and #HEX

Richard Heart, faces charges from #SEC for defrauding investors and embezzling funds for lavish personal expenses.

In a Dec. 11 filing, the SEC detailed the service of the lawsuit, adhering to Finnish law and the Hague Convention on the Service of Judicial and Extrajudicial Documents Abroad.

Heart resides in Helsinki, Finland.

Heart was charged by the SEC on July 31, 2023.

The lawsuit accuses #Heart, which operates under the entities Hex, #PulseChain , and PulseX, of selling unregistered securities over a period of three years and misappropriating funds for personal use.