Local media report that Heart also faces charges of assault and international crypto fraud, which are distinct from the Finnish warrant. Heart previously faced charges from the SEC in 2023 for raising more than $1 billion through unregistered cryptocurrency offerings, but a U.S. judge dismissed the case in early 2025 for lack of jurisdiction. He is the founder of the HEX and PulseChain networks.
Tuesday, October 20, 2026
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Turkey Arrests PulseChain Founder Richard Heart on Finland Tax Fraud Notice
Crypto6 days ago
Joint Turkish intelligence and police forces detained the creator of HEX in the Beşiktaş district of Istanbul after conducting extensive surveillance. Richard James Schueler, known as Richard Heart, was arrested on an Interpol Red Notice issued at the request of Finnish authorities for charges of aggravated tax fraud. During the operation, police also detained Heart's wife and seized firearms, electronic devices, gold jewelry, millions in cash, and 64 luxury watches.
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