Crypto Scandal Unfolds

Richard Schueler, known as Richard Heart, the founder of HEX and PulseChain cryptocurrencies, is facing legal troubles in Finland and the United States. He has been remanded into custody in absentia in Finland on suspicion of tax evasion and assault.

US and Finnish Authorities on the Hunt

The American entrepreneur, who resides in Helsinki, is wanted by both Finnish and US authorities. The Finnish police say Heart's income reporting did not match tax service estimates, and his alleged tax arrears could amount to "several hundred million euros." The SEC is also suing him in the US for unregistered securities offerings.

Controversy Surrounds Heart's Ventures

The SEC alleges that the three coins issued by Heart's companies - HEX, PulseChain, and PulseX - are unregistered securities that raised over $1 billion, some of which was used for personal acquisitions like a 555-carat diamond, expensive watches, and high-end cars. Heart has managed to maintain a social media presence while evading authorities in both countries.

Source: https://cointelegraph.com/news/richard-heart-tax-evasion-finland-sec-suit

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