Richard Schueler, known as the founder of the Hex cryptocurrency, faces new legal challenges as Interpol issues a Red Notice following allegations of tax evasion and assault.
Allegations of Assault and Tax Evasion
Finnish authorities are pursuing Richard Schueler for allegedly assaulting a 16-year-old and evading taxes over a four-year period from June 2020 to April 2024. Schueler is accused of physically attacking the minor by dragging them by their hair and knocking them down in a stairwell. The Red Notice, issued globally, allows law enforcement to locate and provisionally detain Schueler, though it does not serve as an international arrest warrant. Detective Harri Saaristola of Helsinki Police disclosed that discrepancies in Schueler’s reported income raised suspicions.
SEC Lawsuit Adds to Mounting Legal Pressure
In addition to the Interpol notice, Schueler faces a $1 billion lawsuit with the U.S. Securities and Exchange Commission (SEC). The regulator accuses him of conducting unregistered offerings of three cryptocurrencies: Hex, PulseChain (PLS), and PulseX (PSLX). According to the SEC, Schueler raised over $1 billion through these offerings. In August, Schueler sought to dismiss the lawsuit, but the SEC asserted its authority to pursue the case.
Response and Future Actions
Despite the serious charges, Richard Schueler has remained publicly silent on the matter, continuing his social media activity with cryptic remarks. On December 21, he posted: "If the haters really wanted to get me down, they could raise more than the $27M I did for medical research."
Legal challenges continue to mount for Richard Schueler, casting a shadow over his crypto projects that once promised financial independence. Meanwhile, skepticism around the legitimacy of the Hex project and associated ventures only intensifies.
