Here’s how HEX’s Richard Heart beat SEC fraud charges

Hex Founder Richard Heart Claims Victory as SEC Abandons Fraud Lawsuit

The HEX founder is still listed as one of Europe's most wanted fugitives, and stands accused of tax evasion and assault.

Here’s how HEX’s Richard Heart beat SEC fraud charges

Richard Heart, the controversial founder of HEX, is claiming total victory over the US SEC after years of court battles.On April 21, the SEC said that it would not amend and refile its fraud case against the former child actor and crypto evangelist. A court had dismissed the SEC’s fraud charges against Heart on Feb. 28.Heart announced on X that HEX had obtained a victory very few crypto projects could boast: “Richard Heart, PulseChain, PulseX, a…

SEC Drops Fraud Case Against HEX Founder Richard Heart in Rare Defeat

In a rare legal setback, the U.S. Securities and Exchange Commission (SEC) has dropped its fraud case against Richard Schueler, known as Richard Heart, the founder of cryptocurrency projects HEX, PulseChain, and PulseX. The SEC notified the Eastern District Court of New York on April 21 that it would not amend its complaint, effectively ending the case. Originally filed in July 2023, the SEC had accused Heart of raising over $1 billion through u…