Richard Schueler, widely known as Richard Heart – the founder of Hex, Pulsechain, and Pulsex – has been placed on Europol’s “Most Wanted” list. The European law enforcement agency’s public database now lists him as wanted by Finnish authorities for fraud-related crimes.
Tax Evasion Allegations
According to Europol, Schueler “failed to file business tax returns for multiple years and also failed to complete information on his income on his pre-filled personal tax return.” These omissions constitute tax fraud under Finnish law, making him a subject of an international arrest warrant. The Europol listing explicitly categorizes the crime as “fraud,” though the agency does not include the separate assault accusation on his wanted card.
Separate Assault Accusation
In addition to the tax investigation, Schueler is also accused of physically assaulting a minor. The allegation claims he “grabbed their hair, dragged them into the stairwell, and knocked them to the ground.” This incident is not part of the Europol warrant but remains under independent review by Finnish authorities.
Background on Richard Heart and His Projects
Richard Heart rose to prominence in the crypto space through the creation of Hex, a high-yield smart contract platform marketed as a “blockchain certificate of deposit.” He later launched Pulsechain, a fork of Ethereum, and PulseX, a decentralized exchange. All three projects have attracted both ardent supporters and fierce critics. Critics have repeatedly labeled Hex as a potential Ponzi scheme, while security researchers have flagged code vulnerabilities in Pulsechain. The inclusion on Europol’s most wanted list adds a new layer of legal risk for Schueler, potentially undermining the credibility of his ecosystem among institutional and retail investors alike.
As of now, Schueler has not issued any public statement regarding the Europol listing or the assault allegations.