Police in Finland are seeking to arrest the founder of Hex chain and Pulsechain, Richard Heart, on suspicion of assault and tax evasion estimated to be in the region of several hundred million euros.
I'm doing great and will continue to great, no matter how many people attack me or whom they work for. HEX was hated and gate kept all the way to 1,000,000% gains.
You can't stop an idea whose time has come. Truly decentralized systems are here and they're never going away. Ever
— Richard Heart (@RichardHeartWin) September 17, 2024
Finnish police issued the remand order for Heart, whose real name is Richard Schueler, last Friday (September 13).
Heart Is Alleged To Owe Tax Authorities A 9-Figure Sum Whilst There Are No Details On His Assault Charge
The founder of PulseChain and Hex is accused of owing a substantial amount of tax in Finland after the country’s tax administration found his returns did not match up with its independent assessment.
Heart is suspected of tax evasion between June 2, 2020, and April 2, 2024. The assault is alleged to have taken place between February 16 and 17, 2021. There have been no details provided regarding the assault charge.
Finnish publication ‘Yle’ spoke with a police Helsinki-based police detective, Harri Saaristola. Saaristola told the news agency, “Based on the considerable amount of money in question and the long-term and planned nature of the activity, there are grounds to suspect gross tax evasion.”
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Hex Founder Was Charged By The SEC Last Year, Is Accused Of Spending Investor Funds On Watches & Cars
#Ethereum. 11 of my lawyers are fighting for your rights. They just filed this motion to dismiss with the SEC. The fact pattern here seems superior to the fact patterns of other cases you see in the courts, and as such it's a wonderful place to make a stand! Check out the strong… pic.twitter.com/0fT0QcdKJr
— Richard Heart (@RichardHeartWin) April 9, 2024
The US Securities and Exchange Commission (SEC) charged Heart in July 2023. He was charged with misappropriating investor funds and accused of stealing millions of dollars via his Hex, PulseChain, and PulseX projects before using the funds to buy watches, cars, and other luxury goods.
Richard Heart attempted to dismiss the lawsuit last April after claiming the charges infringed on his free speech. His current whereabouts remain unknown but his home is reportedly in Helsinki, Finland’s capital.
As it stands, the Finnish authorities’ investigation into the PulseChain is said to be in its early stages. It is being carried out in collaboration with multiple international authorities.
BONUS: Pepe Unchained (PEPU) Is About To Hit $14 Million Raised During Presale
The Pepe Unchained presale continues to heat up as it approaches the $14 million mark. It is a brand new Layer-2 (L2) chain, built on top of Ethereum and is aiming to be the central ecosystem for meme coins.
Their Pepe Chain is designed to make transactions lightning quick and for a fraction of the cost of Ethereum. The team are also making it easy to move assets between Ethereum and Pepe Chain and will even offer a dedicated block explorer separate to Ethereums.
Likely the key reason behind this presale steaming toward the $15 million mark is due to the teams recent announcement of its development grant. The initiative, cleverly named ‘Frens With Benefits’ is a development grant aiming incentivise the community to build meme-themed applications on their new Layer 2 blockchain. Its website states that applications for grants will open in Q4 2024.
There are less than 48-hours before the next price stage increase. At that point, the cost of PEPU will rise from its current $0.00981 price point. Also on offer for investors of the presale is a staking protocol. The current rewards are 150% APY for anyone who stakes their bag of PEPU via the Pepe Unchained website.
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