Richard Schueler, widely known as Richard Heart, the founder of $HEX and PulseChain, has a red notice issued for his arrest and extradition for tax fraud and aggravated assault.

Interpol has issued a Red Notice for Richard James Schueler, better known as Richard Heart, the founder of the HEX, PulseChain (PLS) and PulseX (PLSX) crypto projects, at the request of Finnish authorities. A Red Notice is a global request to locate and provisionally arrest a person pending extradition or similar legal action, but it is not itself an international arrest warrant. Schueler is wanted in Finland on suspicion of aggravated tax fraud between June 2020 and April 2024 and assault, and he has also been placed on Europol’s Europe’s Most Wanted Fugitives list. According to Finnish and European law‑enforcement materials cited in reporting, authorities allege that Schueler failed to file required business tax returns and left key income information incomplete on pre‑filled personal tax returns, despite receiving substantial income from his crypto‑related activities. The alleged unpaid taxes are described as reaching into the “hundreds of millions” of euros. He is also accused of physically assaulting a 16‑year‑old in Finland, reportedly by dragging the victim by the hair into a stairwell and knocking them to the ground. Finnish police have previously seized around $2.6 million worth of luxury watches from a residence linked to him as part of the investigation. The Red Notice and Europol listing escalate Schueler’s legal exposure beyond earlier civil‑securities scrutiny in the United States. In 2023, the U.S. Securities and Exchange Commission sued him over alleged unregistered offerings of HEX, PulseChain and PulseX and misuse of investor funds, although that case was later dismissed on jurisdictional grounds. Even after the SEC setback, European authorities continue to pursue him as a fugitive over the alleged tax and assault offenses, marking one of the most prominent intersections to date of international criminal law enforcement with a high‑profile crypto founder.

✨ AI-generated background, compiled from web sources — not editorial content.

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