HEX FOUNDER RICHARD HEART ARRESTED IN ISTANBUL, $600,000 CASH AND ARSENAL SEIZED
Turkish authorities have reportedly arrested Richard Heart, whose real name is Richard James Schueler, in a joint intelligence and police operation in Istanbul.
Heart, founder of HEX, PulseChain and PulseX, was wanted under an Interpol Red Notice issued at Finland’s request.
Police reportedly detained Heart and his wife at a residence in Istanbul’s Beşiktaş district following extensive surveillance.
Authorities seized:
• $600,000 in cash
• 24 wristwatches
• 20 gold bracelets and 7 gold necklaces
• 7 firearms and 1,360 rounds of ammunition
• 12 mobile phones and 6 laptops
• 20 graphics cards and 14 SSDs
• 2 drones
In 2023, the SEC charged Heart with raising over $1 billion through unregistered crypto offerings and allegedly misappropriating at least $12 million in investor funds to purchase luxury goods, including sports cars, expensive watches and a 555-carat black diamond.
Heart was subsequently placed on Interpol’s wanted list in 2024 over separate allegations involving tax fraud and assault.
Both Heart and his wife have been taken into custody for questioning as the investigation continues.
How Richard Got Caught Explained 1 Tweet
RH: ”so, you guys, send me $1B for this eth fork, but it is very important it’s not an investment… it’s a sacrifice, you’re essentially… gifting it…? u know”
The SEC: ”dawg that was an investment, see you in court buddy”
US Court: case dismissed, fatman operated from Finland, the SEC doesn’t have jurisdiction
Finland: ”oh? but we have gift taxes in finland. yes. 30%. That’s $300 million in taxes please but we only take euro ok hehe”
Europol: ”also fatman punched a 16 year old boy five times in the face”
Interpol: RED NOTICE
Turkish police: ”jfc there’s like 64 rolexes here. Also we’re going to call him ’Whale James’ from now on… that’s what you guys called him right? Whale James?”
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🚨RICHARD HEART ARRESTED IN ISTANBUL TODAY!
Hex and PulseChain founder Richard James Schueler, known as Richard Heart, was detained this morning in a Beşiktaş raid by Turkish intelligence and police.
He was wanted by Interpol on a red notice.
Authorities seized hundreds of thousands of dollars in cash, luxury watches, firearms, and computers linked to crypto activity.
He faces allegations of large-scale crypto fraud involving the U.S., Finland, and Spain.
Video via @CagdasEvren.