Interpol has issued a Red Notice for Richard Heart, while other crypto figures are also facing legal challenges.
Red Notice for Richard Heart
Interpol has issued a Red Notice for Richard Schueler, known as Richard Heart, founder of Hex, alleging tax fraud and assault. Finnish authorities suspect Heart of tax evasion from June 2020 to April 2024. European law enforcement has also added him to the list of Europe's most wanted fugitives.
Hawk Tuah Token Scandal
Influencer Haliey Welch is cooperating with lawyers after allegations of fraud involving the Hawk Tuah token. The token experienced a dramatic pump-and-dump shortly after launch, leading to allegations of a 'pump-and-dump' scheme. Welch stated that she is taking the matter seriously and encouraged affected persons to contact legal representatives. Despite her involvement, Welch is not yet named as a defendant.
Scott Pape Uncovers Crypto Scams
Financial educator Scott Pape, known as the 'Barefoot Investor', exposed scammers impersonating him to deceive followers. The scammers created fake social media groups in his name, drawing people into fraudulent investment schemes. Using a pseudonym, Pape tracked the scam operations and engaged with fraudsters to understand their techniques.
The cryptocurrency industry is once again under scrutiny due to significant legal issues, including investigations of tax fraud and token manipulation.
