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Hex Founder on Europe’s Most Wanted List: Interpol Issues Red Notice

By | Edited By Roopa CA,,

HEX
  • Interpol issues Red Notice for Hex founder Richard Schueler.
  • Schueler faces assault and tax fraud charges in Finland.
  • SEC lawsuit claims Schueler raised $1B through unregistered sales

Richard Schueler, widely known as Richard Heart, faces escalating legal challenges. Interpol has issued a Red Notice for his arrest on assault and tax fraud charges in Finland, while the SEC has filed a lawsuit alleging he raised $1 billion through unregistered cryptocurrency token sales.

Red Notice for Hex Founder Richard Schueler

The Red Notice, requested by Finnish authorities, is aimed at locating and provisionally detaining Schueler. While not an international arrest warrant, it serves as a formal mechanism to facilitate his capture. This development follows a remand order issued by Finnish officials in September.

Schueler is also listed on Europe’s Most Wanted Fugitives list due to the serious nature of the charges against him. The Finnish authorities are actively seeking his arrest and the Red Notice has intensified their search. Schueler has yet to comment publicly on the matter, but his recent online activity indicates he is aware of the legal developments.

Schueler charged with assault and tax fraud in Finland

Schueler is accused of assaulting a 16-year-old victim in Finland, according to information shared by law enforcement. Authorities allege that he physically harmed the victim by dragging them into a staircase and knocking them to the ground. This assault is part of the allegations that have made Schueler a target for Finnish authorities.

Besides the assault charges, Schueler is under investigation for tax evasion between June 2020 and April 2024. Finnish tax authorities reportedly found inconsistencies between his reported income and their estimates. These allegations indicate potential financial misconduct which has further contributed to his legal challenges.

SEC lawsuit accuses Hex Founder, Schueler, of unregistered crypto sales

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Richard Schueler for allegedly conducting unregistered crypto token sales. The SEC claims Schueler raised over $1 billion through the sale of Hex, PulseChain, and PulseX tokens. He marketed them as lucrative investments with potential for high returns . The complaint shows Schueler’s control over the projects.

The SEC also alleges that Schueler used investor funds for personal expenses instead of project development. These purchases included luxury cars, designer watches and even a rare black diamond which is worth over $4 million. The lawsuit further accuses Schueler of using misleading marketing tactics to deceive investors that the tokens would provide high returns.