The US Government’s Search for Richard Heart
The United States government is on the hunt for Richard Heart, the controversial crypto founder who was charged with orchestrating an illegal $1 billion securities scheme. However, they have been unable to locate him. The Securities and Exchange Commission (SEC) accused Heart, also known as Richard Schueler, of violating securities laws by promoting a cryptocurrency called Hex. Lawyers for the SEC have informed a federal judge that they have been unsuccessful in serving Heart with the charges. The SEC believes Heart is residing in Helsinki, Finland, but attempts to serve him through the Finnish Ministry of Justice have failed.
Heart’s Elusive Whereabouts
Richard Heart has always been secretive about his location. He has taken measures to keep his whereabouts unknown, even during the filming of a documentary about Hex. Despite the government’s search efforts, Heart has remained active on social media platforms and has not mentioned anything about being sought by the US government. In fact, he has used this opportunity to mock fallen Binance founder Changpeng “CZ” Zhao, who recently pled guilty to violating anti-money laundering laws.
The Fate of Other Crypto Founders
Heart now finds himself in a similar position to other fallen crypto founders who faced legal troubles. Both Do Kwon, founder of Terra, and Su Zhu, founder of Three Arrows Capital, continued to tweet after their projects collapsed and they faced criminal charges. However, both were eventually captured and are currently serving prison sentences in different countries. Kwon is serving a four-month sentence in Montenegro and will be extradited to either the US or South Korea for further proceedings. Zhu is currently serving a prison sentence in Singapore.
Hot Take: The Mysterious Case of Richard Heart
Richard Heart remains a mystery as the US government struggles to locate him. Despite being wanted for his involvement in an alleged securities scheme, Heart has managed to evade authorities and continue his activities on social media. While the government’s search efforts have been unsuccessful so far, it remains to be seen how this cat-and-mouse game will unfold. Heart’s ability to stay off the radar raises questions about the effectiveness of international cooperation in apprehending individuals involved in cryptocurrency-related crimes. As the crypto industry continues to evolve, cases like Heart’s highlight the challenges faced by regulatory agencies in pursuing justice.
By
By
By
By
By