{"id":425605,"date":"2023-08-01T10:15:52","date_gmt":"2023-08-01T10:15:52","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=425605"},"modified":"2023-08-01T16:18:24","modified_gmt":"2023-08-01T16:18:24","slug":"sec-sues-hex-founder-richard-heart-for-alleged-fraud-says-he-used-gains-to-buy-sports-cars-black-diamond","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/sec-sues-hex-founder-richard-heart-for-alleged-fraud-says-he-used-gains-to-buy-sports-cars-black-diamond","title":{"rendered":"SEC Sues Hex Founder Richard Heart For Alleged Fraud, Says He Used Gains to Buy Sports Cars, Black Diamond"},"content":{"rendered":"
The <\/span>U.S. Securities and Exchange Commission (SEC) has charged Hex founder Richard Schueler<\/span>, best known as Richard Heart, for conducting unregistered offerings of crypto asset securities.<\/span><\/p>\n These offerings, conducted through his three unincorporated entities, Hex, PulseChain, and PulseX, have raised more than $1 billion since 2019. <\/span><\/p>\n Today we charged Richard Heart (aka Richard Schueler) and three unincorporated entities that he controls, Hex, PulseChain, and PulseX, with conducting unregistered offerings of crypto asset securities that raised more than $1 billion in crypto assets from investors.<\/p>\n — U.S. Securities and Exchange Commission (@SECGov) July 31, 2023<\/a><\/p><\/blockquote>\n\n