Hex Founder Richard Heart’s$ 2.6 million comfort wristwatches are being seized by the financial authorities.

More than$ 2.6 million worth of luxury watches were seized by finnish police from Hex founder Richard Shueler ( also known as Richard Heart ).

Finland’s national broadcaster ( Yle ) reported yesterday that local law enforcement seized 20 luxury watches ( most of which were Rolexes ) from Shueler, who is wanted for tax evasion nationwide. The goods—worth a total of$ 2.68 million —were left in a residence in Espoo, according to a translated copy of the report.

Schueler founded Hex, a crypto marketed as a high-yield “blockchain certificate of deposit”. His token may be considered unregistered securities, according to the US Securities and Exchange Commission ( SEC ). Additionally, Schueler is accused of using$ 12 million to misappropriate it and promoting unrealistic returns.

The view arrest news follows soon December reports that Interpol, the nation’s largest foreign law enforcement business, issued an arrest ask for Schueler over tax fraud and assault accusations. The man apparently “physically assaulted a 16-year-old target by grabbing their locks, dragging them into the staircase, and knocking them to the earth”.

Many of the pieces were bought in Finland, while others were bought in the United States. Harri Saaristola, the policeman in charge of investigating Shueler, said that the officers were able to observe the products through intelligence service.

The U. S. SEC alleges that Hex fails the Howey Test, qualifying it as a protection. It points out that the token’s price has dropped 98.4 % from its previous highest point. The controller charged Schueler and three unorganized companies, PulseChain, PulseX, and Hex, in the summer of 2023.

” Center began marketing Hex in 2018, claiming it was the first high-yield’ bitcoin certificate of deposit,’ and began promoting Hex tokens as an expense designed to make people ‘ prosperous,'” reads the SEC’s problem. He claimed this summer that he raised more than$ 1 billion from unregistered securities sales related to his Hex startup and moved to dismiss the case.