Posted 12/13/2023, 2:12:16 AM
SEC Sues Richard Heart Over Alleged $1B Cryptocurrency Scheme
- SEC served lawsuit to Richard Heart in Finland via substitute service after failing to reach him in person for months
- Lawsuit alleges Heart made over $1B selling unregistered securities Hex, PulseChain, and PulseX
- Also alleges Heart defrauded investors of at least $12M to buy luxury items
- Heart has remained active on Twitter while keeping his exact location hidden
- HEX cryptocurrency is down over 80% in past year from its all-time high in Sept 2021