Finnish Police Seize Luxury Watches Worth Over $2.6 Million from Richard Heart

Richard Heart Wanted in Finland for Tax Evasion and Assault Richard Schueler, known as Richard Heart and founder of Hex, is facing allegations of tax evasion and assault in Finland. Police have seized 20 luxury watches, including several Rolexes, valued at over $2.6 million. Watches Found in Residence in Espoo The watches were confiscated from a residence in Espoo and have a combined value of $2.68 million, based on receipts and expert appraisals. Some of the watches were purchased in Finland, while others were sourced from the United States. Detective Harri Saaristola stated that the police tracked the watches through intelligence activities.

Accusations of Tax Fraud and Assault Schueler is accused of tax evasion between June 2020 and April 2024, as well as an assault in February 2021. One of the charges includes an attack on a 16-year-old victim, whom he allegedly grabbed by the hair, dragged to a staircase, and threw to the ground. Interpol Issues Red Notice On December 22, Interpol issued a “Red Notice” for Schueler, an international request for arrest. Additionally, he was placed on Europe’s most-wanted fugitives list, with detailed descriptions of the same charges. Massive Tax Debts and Unclear Whereabouts Schueler’s tax debts reportedly amount to hundreds of millions of euros. In 2023, the Finnish government estimated his income at €15.2 million ($16.9 million). Despite his unknown location, Schueler remains active on social media, promoting his cryptocurrency HEX and uploading videos to YouTube.

Charges from the U.S. SEC Beyond Finnish authorities, Schueler also faces charges from the U.S. Securities and Exchange Commission (SEC). In July 2023, the SEC filed a lawsuit against him over three tokens issued by his companies – Hex (HEX), PulseChain (PLS), and PulseX (PSLX). According to the SEC, these are unregistered securities that raised over $1 billion. The SEC also alleges that some of these funds were misused for personal acquisitions, such as a 555-carat diamond, luxury watches, and high-end cars. Conclusion Richard Schueler faces serious allegations and international pursuit. Finnish authorities continue their investigation, while charges from the SEC and other agencies further increase pressure on the Hex founder.

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