Hex founder Richard Heart wanted by Interpol, Europol on charges of tax evasion and assault

Quick Take

  • Interpol has issued a “Red Notice,” on behalf of Finland, for Hex and PulseChain founder Richard James Schueler, a.k.a. Richard Heart, on charges of gross tax evasion and assault. 
  • A list of Europol’s most wanted criminals also features Schueler, and claims he physically assaulted a 16-year-old victim by knocking them to the ground and punching them repeatedly. 
  • “It feels great to be wanted. Nothing can stop an idea whose time has come,” Schueler posted on X Saturday night, in a post that may be referencing the Red Notice’s issuance. 

Interpol, the world's largest international police organization, has issued a "Red Notice" to its member countries on behalf of Finland for Richard James Schueler, more commonly known to crypto investors as Richard Heart, the founder of Hex and PulseChain. 

A Red Notice is a formal alert to Interpol's member countries that a valid national arrest warrant has been issued for a certain individual. The notice will often trigger extradition proceedings if if the wanted person is detained in another country. 

In this case, Finland has issued an arrest warrant for Schueler on charges of fraud to the tune of "hundreds of millions of euros" and assault for an incident allegedly involving the assault of a 16-year-old, according to a website maintained by Europol, the law enforcement agency of the European Union, which features a list of its most wanted criminals that includes Schueler

"Schueler failed to file business tax returns for the tax multiple years and also failed to complete information on his income on his pre-filled personal tax returns...The total amount of tax avoided is counted in hundreds of millions of euros," the website states. The website also describes a charge of assault against Schueler for an incident in which he allegedly assaulted a 16-year-old, "grabbing their hair, dragging them into the stairwell and knocking them to the ground" before "...punch[ing] them 4 – 5 times in the face, nose, eyes and head area," causing pain, bleeding, and swelling. 

News that Finnish police were seeking Schueler was first reported in September of this year. The U.S. Securities and Exchange Commission has separately filed suit against Schueler for allegedly selling unregistered securities through his crypto projects. Schueler was added to Europol's list on Dec. 18, which is likely when the Red Notice was first issued. 

Schueler issued a cryptic post on X on Saturday night that may be referencing news of the Red Notice; The Block was unable to reach Schueler for clarification. "My whole life I've been preparing for the future. Anticipating it. Creating it. I've never been safer and I'm excited for the future," Schueler wrote. "The Honorable Justice in SEC v me should have her ruling out soon. Donald Trump will be in office soon. PulseX, PulseChain, HEX, INC are all functioning wonderfully. This makes some entities mad, but there's literally nothing they can do about it except be mad."

"It feels great to be wanted. Nothing can stop an idea whose time has come," Schueler concluded. 


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© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Zack Abrams is a writer and editor based in Brooklyn, New York. Before coming to The Block, he was the Head Writer at Coinage, a Web3 media outlet covering the biggest stories in Web3. The story he co-reported on Do Kwon won a 2022 Best in Business Journalism award from SABEW. Other projects included a deep dive into SBF's defense based on exclusive documents and unveiling the identity of the hacker behind one of 2023's biggest crypto hacks — so far. He can be reached via X @zackdabrams or email, [email protected].

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