{"id":8105,"date":"2023-12-13T09:51:13","date_gmt":"2023-12-13T09:51:13","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=8105"},"modified":"2023-12-13T09:51:29","modified_gmt":"2023-12-13T09:51:29","slug":"sec-sues-richard-heart-in-finland","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/sec-sues-richard-heart-in-finland\/","title":{"rendered":"SEC Sues Richard Heart in Finland!"},"content":{"rendered":"

SEC (The U.S. Securities and Exchange Commission) has reported that it has served process on HEX founder Richard Schueler, also known as Richard Heart, at his home in Helsinki, the capital of Finland. According to a filing in the U.S. District Court for the Southern District of New York on December 11, the SEC served process on Heart on October 31 through a substitute service of process. This method is an alternative that is used when service cannot be made directly to the defendant due to difficulties in locating the defendant.<\/p>\n

\n

You might like: BONK Coin will be listed Coinbase<\/strong><\/em><\/span><\/a><\/p>\n<\/blockquote>\n

\"SEC\"<\/p>\n

SEC ‘s Allegations Against Richard Heart<\/h2>\n

The SEC sued Heart in July, alleging that he made over $1 billion in profits from products called HEX, PulseChain (PLS), and PulseX (PSLX), which the agency alleges are unregistered securities.<\/p>\n

What is PulseChain?<\/strong><\/p>\n

PulseChain is a blockchain project developed by Richard Schueler that offers a new approach to the crypto space. PulseChain coin is the native cryptocurrency of this network.<\/p>\n

Heart’s Inaccessibility and Online Activity<\/strong><\/p>\n

The SEC noted that Heart has continued to be active online, despite keeping his location tightly concealed. Since the SEC’s status report in November, Heart has made over 40 Twitter posts about various crypto-related events.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram<\/strong>,<\/a>\u00a0YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

SEC (The U.S. Securities and Exchange Commission) has reported that it has served process on HEX founder Richard Schueler, also known as Richard Heart, at his home in Helsinki, the capital of Finland. According to a filing in the U.S. District Court for the Southern District of New York on December 11, the SEC served<\/p>\n","protected":false},"author":1,"featured_media":8106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2937,2938,2935,2936,2940,39,2939],"class_list":["post-8105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-hex","tag-pls","tag-pulsechain","tag-pulsex","tag-richard-schuele","tag-sec","tag-the-u-s-securities-and-exchange-commission"],"yoast_head":"\nSEC Sues Richard Heart in Finland! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"SEC has reported it has served process on HEX founder Richard Schueler, also known as Richard Heart, at his home in Finland.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/sec-sues-richard-heart-in-finland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC Sues Richard Heart in Finland! 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