Founder of Hex and PulseChain under investigation for tax evasion in Finland and SEC charges in the U.S.
Richard Schueler, widely known as Richard Heart, is the founder of cryptocurrency projects Hex and PulseChain. These ventures have gained significant attention in the crypto world, but Heart is now under scrutiny for legal issues both in Finland and the United States.
Finnish authorities are investigating Heart for gross tax evasion, suspecting him of evading taxes worth several hundred million euros. The investigation began after discrepancies were discovered in his tax returns. A remand order was issued on September 13, 2023, as part of the ongoing investigation.
In addition to tax evasion, Heart is also facing an assault charge in Finland. The details of this charge have not been fully disclosed, but it adds another layer to the legal challenges he is currently facing.
Heart is also embroiled in legal issues in the United States. The U.S. Securities and Exchange Commission (SEC) has charged him with allegedly raising over $1 billion through unregistered cryptocurrency offerings. The SEC claims that Heart defrauded investors, and a hearing is scheduled for October 24, 2023.
