Hex And PulseChain Founder Richard Heart In Hot Water With Finnish Authorities

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Hex and PulseChain founder Richard Schueler (also known as Richard Heart) is officially wanted by Finnish authorities on gross tax evasion and assault charges, according to a new report by Finnish media outlet Yle.

The September 17 report alleges that Heart, a Helsinki resident, owes hundreds of millions of euros in taxes to Finland’s government.

“Based on the very considerable amount of money in question and the long-term and planned nature of the activity, there are grounds to suspect gross tax evasion,” Harri Saaristola, a police detective with the city of Helsinki, told Yle.

BREAKING:

Finnish police suspect Richard Heart, founder of HEX and PulseChain, of serious tax evasion pic.twitter.com/gDpsOD0FKm

According to Saaristola, Finland’s Tax Administration projected estimations did not match Heart’s reported tax returns from mid-2020 to April 2024.

Finnish authorities believe that Heart ran his international cryptocurrency ventures out of Finland and that his income amounted to over 15.2 million euros in 2023. However, the tax evasion charges appear to be unrelated to that amount.

Saaristola did not elaborate on the suspected crypto scammer’s assault charge, though he did note it stemmed from a February 2021 incident.

In addition to the novel Nordic charges, Heart is facing a hefty lawsuit brought forward by the United States Securities and Exchange Commission (SEC) for orchestrating the Hex and PulseChain scandal.

According to federal prosecutors, the crypto developer raised over $1 billion in unregistered securities offerings and