Interpol Issues Red Notice for Hex Founder Richard Schueler
The world’s largest international police organization, Interpol, has issued a ‘Red Notice’ for Hex founder Richard Schueler, also known as Richard Heart, in connection with alleged tax fraud and assault. This development comes after Finnish authorities sought Schueler’s arrest.
What is a Red Notice?
A Red Notice is a global request for law enforcement to locate and provisionally arrest an individual. However, it’s essential to note that a Red Notice is not an international arrest warrant. The issuing of a Red Notice by Interpol signifies the seriousness with which the alleged crimes are being taken.
Schueler Listed as Europe’s Most Wanted Fugitive
Richard Schueler was listed on Europe’s most wanted fugitives list, where more details about the allegations were provided. According to the listing, it is alleged that Schueler physically assaulted a 16-year-old victim by grabbing their hair, dragging them into the stairwell, and knocking them to the ground.
Background of the Allegations
The remand order for Schueler was issued three months ago on September 13. However, this is not the first time Schueler has been accused of tax evasion. The allegations pertain to a period between June 2, 2020, and April 2, 2024.
Social Media Statements from Schueler
In the aftermath of the Red Notice being issued, Richard Heart (Schueler) has remained active on social media. He made statements that appear to allude to the matter at hand. For instance, in a December 21 Xpost, he said:
"If the haters really wanted to get me down, they could raise more than the $27M I did for medical research."
He went on to say:
"Nothing makes haters angrier than success. Every time they think of you, it reminds them how they’re not doing half what they could."
SEC Lawsuit Against Schueler
Richard Schueler is currently entangled in a lawsuit with United States regulators over alleged unregistered offerings of three crypto tokens: Hex, PulseChain (PLS), and PulseX (PSLX). The Securities and Exchange Commission has claimed that Heart raised more than $1 billion through ‘the unregistered offer and sale of crypto asset securities.’
Request to Dismiss the Lawsuit
On August 22, Heart requested to dismiss the $1 billion lawsuit. However, the Securities and Exchange Commission pushed back, arguing it has the full authority to bring the case against Heart.
Related Developments
In a related development, Jump Crypto subsidiary Tai Mo Shan settled with the SEC for $123 million. The settlement comes in the wake of an investigation into alleged unregistered securities offerings.
Conclusion
The issuing of a Red Notice by Interpol signifies the gravity of the allegations against Richard Schueler. As the situation unfolds, it remains to be seen how Schueler will respond to the accusations.
