Key Takeaways
- As per reports, he allegedly did tax evasion between June 2, 2020, and April 2, 2024.
- The Red Notice is an international request to law enforcement agencies for the location and provisional arrest of a wanted person
Interpol has issued a “Red Notice” for Richard Schueler, widely known as Richard Heart, the founder of Hex, over allegations of tax fraud and assault. The Red Notice is an international request to law enforcement agencies for the location and provisional arrest of a wanted person, follows accusations that Schueler evaded taxes and was involved in a violent incident.
Schueler, who is also listed on Europe’s most wanted fugitives list, faces allegations that he physically assaulted a 16-year-old by grabbing their hair, dragging them into a stairwell, and knocking them to the ground
The assault and tax evasion charges reportedly span a period from June 2, 2020, to April 2, 2024. As per Finnish media reports, remand order for Schueler was issued on September 13, with Helsinki police alleging discrepancies between Schueler’s reported income and tax authorities’ estimates.
Despite the serious allegations, Schueler has yet to make a direct public statement addressing the Red Notice. However, he remains active on social media, where he has posted cryptic messages seemingly referencing the situation.
In a recent post on X(formerly Twitter), Schueler commented, “If the haters really wanted to get me down, they could raise more than the $27M I did for medical research,” and followed up with another statement, “Nothing makes haters angrier than success. Every time they think of you, it reminds them how they’re not doing half what they could.”
This development comes amid ongoing legal troubles for Schueler in the United States. In August, the Securities and Exchange Commission (SEC) filed a $1 billion lawsuit against him, alleging that he raised funds through unregistered offerings of three crypto tokens: Hex, PulseChain (PLS), and PulseX (PSLX).
The SEC’s complaint accused Schueler of promoting these tokens as a means to achieve extraordinary wealth, claiming he raised over $1 billion in the process. Schueler sought to have the case dismissed in September, but the SEC maintained its authority to pursue the matter.
Hex, the blockchain-based platform founded by Schueler, has gained notoriety within the crypto community for its bold marketing tactics and promises of high returns. However, regulators have scrutinized the platform’s operations, raising concerns about potential securities law violations.
SEC alleged that Heart began marketing Hex in 2018, positioning it as the first high-yield “blockchain certificate of deposit,” and started promoting Hex tokens as an investment designed to make users wealthy.