Red Notice Issued for Hex Founder Richard Schueler Amid Escalating Legal Challenges

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

Richard Schueler, better known as Richard Heart, is facing increasing legal troubles. He is now the subject of a Red Notice from Interpol for his arrest on assault and tax fraud charges in Finland. The SEC has also filed a lawsuit, accusing him of raising $1 billion in unregistered cryptocurrency token sales.

The Red Notice, issued at the request of Finnish authorities, aims to locate and provisionally detain Schueler. It is not an international arrest warrant but serves as a formal mechanism to facilitate his capture. This development follows a remand order issued by Finnish officials in September.

Due to the severity of the charges against him, Schueler is also included on Europe’s Most Wanted Fugitives list. Finnish authorities are actively pursuing his arrest, and the Red Notice has further intensified their search. Schueler has not yet commented publicly on the matter, but his recent online activity suggests he is aware of the legal developments.

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.

In addition to the assault charges, Schueler is being investigated for tax evasion between June 2020 and April 2024. Finnish tax authorities reportedly found discrepancies between his reported income and their own estimates. These allegations suggest potential financial misconduct and have contributed to his legal challenges.

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 that Schueler raised over $1 billion through the sale of Hex, PulseChain, and PulseX tokens, which he marketed as lucrative investments with the potential for high returns. The complaint details Schueler’s control over the projects.

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