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Richard Heart Triumphs in Court After SEC Case Dismissed in Full - Tech Startups

  • Richard Heart won dismissal of all SEC claims on February 28, 2025, in New York federal court.
  • The SEC filed suit in July 2023, alleging unregistered offerings and misuse of investor funds.
  • Judge Carol Amon found the SEC lacked jurisdiction and failed to show U.S. ties or fraud.
  • The SEC accused Heart of raising over $1 billion but confirms it "does not intend to file an amended complaint."
  • All claims against Heart and his products were dismissed, formally closing the case with no findings of wrongdoing.
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Block Telegraph broke the news in on Friday, April 25, 2025.
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