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Richard Heart: Allegedly defrauded $1 billion and fled to Russia, flaunting wealth daily, and reportedly spent $4.3 million to acquire the world's largest black diamond
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The U.S. Securities and Exchange Commission (SEC) faces challenges in serving a lawsuit to Richard Schueler, aka Richard Heart, the mind behind Hex and PulseChain. The SEC accuses Schueler of selling unregistered securities, but attempts to serve the lawsuit in Helsinki have hit roadblocks, with no confirmation of success.
Troubles in Jurisdiction: Uniswap Transactions at the Center
Magistrate Judge Peggy Kuo, overseeing the case in the Eastern District of New York, reschedules the teleconference from November 28 to January 30, 2024. The SEC argues for jurisdiction in the Eastern District, citing numerous crypto asset transactions on Uniswap, a decentralized trading platform based in Brooklyn.
Current Status: Richard Heart's Lavish Lifestyle Amidst Legal Woes
Despite legal issues, Richard Heart flaunts his wealth daily on social media. Speculations arise of his escape from Finland to Russia, engaging in extravagant shopping sprees. Meanwhile, $HEX faces a drastic decline, with rumors of investor funds financing Richard Heart's opulent lifestyle.
The video reflects his daily shopping style:
$200,000 Outfit Display: Investors' Money Utilized?
As $HEX nears zero, a Key Opinion Leader (KOL) known as Whale|Dinobet.io on X unveils Richard Heart's $200,000 outfit, raising questions about the use of investors' money. The extravagant spending contradicts the plummeting value of $HEX.
Cryptocurrency Purchase of "The Enigma" Diamond
#AuctionUpdate "The Enigma": This 555.55 carat Black Diamond sold today for £3,161,000 / $4,292,322. The buyer has opted to use cryptocurrency for the purchase. #SothebysJewelspic.twitter.com/ZuiL9SxET8
— Sotheby's (@Sothebys) February 9, 2022
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In a surprising turn, Richard Heart purchases the world's largest cut diamond, "The Enigma," weighing 555.55 carats, for $4.3 million using cryptocurrency. Tweeting about it, he mentions dedicating it to HEXican cultural heritage, renaming it the "HEX.com diamond." Sotheby's confirms the purchase using cryptocurrency.
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