Washington, Aug 1 (Ians) The US Securities and Exchange Commission (SEC) has charged crypto influencer Richard Heart (aka Richard Schueler) with fraud for misappropriating at least $12 million of offering proceeds to purchase luxury goods including sports cars, watches, and a 555-carat black diamond known as ‘The Enigma’ – reportedly the largest black diamond in the world.
Heart and his three crypto securities — Hex, PulseChain, and PulseX — have been charged with conducting unregistered offerings of crypto asset securities that raised more than $1 billion in crypto assets from investors.
“Heart called on investors to buy crypto asset securities in offerings that he failed to register. He then defrauded those investors by spending some of their crypto assets on exorbitant luxury goods,” Eric Werner, Director of the Fort Worth Regional Office said in a statement.
“This action seeks to protect the investing public and hold Heart accountable for his actions,” he added.
According to the SEC’s complaint,...
Heart and his three crypto securities — Hex, PulseChain, and PulseX — have been charged with conducting unregistered offerings of crypto asset securities that raised more than $1 billion in crypto assets from investors.
“Heart called on investors to buy crypto asset securities in offerings that he failed to register. He then defrauded those investors by spending some of their crypto assets on exorbitant luxury goods,” Eric Werner, Director of the Fort Worth Regional Office said in a statement.
“This action seeks to protect the investing public and hold Heart accountable for his actions,” he added.
According to the SEC’s complaint,...
- 8/1/2023
- by Agency News Desk
- GlamSham
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