Finnish police have reportedly seized approximately $2.6 million worth of luxury watches from Hex founder Richard Schueler (aka Richard Heart), who is wanted in Finland on tax evasion and racketeering charges.
Police confiscated a total of 20 luxury watches, mostly Rolexes, believed to belong to Schueller and left them in a house in the city of Espoo, Finnish state broadcaster Yleisradio Oy (Yle) reported on January 7.
Receipts and an estimate from a luxury goods expert put the watch’s combined value at $2.68 million.
A significant number of the watches were purchased in Finland and some in the United States.
Finnish authorities confiscated eight of Schueller’s watches. Source: Finnish Police
Inspector Harri Saaristola, the detective in charge of the investigation into Schueler, told Yle that police were able to track down his abandoned watch through their own intelligence efforts.
On September 13, Finnish authorities detained Schueller on charges of tax fraud and assault. However, the relevant authorities were unable to find him.
Schueller is accused of committing tax evasion between June 2, 2020 and April 2, 2024, and assault between February 16 and 17, 2021.
Interpol issued a ‘red notice’ to Schueller on December 22nd based on the same charges.
Schueler was also listed on Europe’s most wanted fugitives list where the same claims were shared in more detail. He claimed, “He physically assaulted the 16-year-old victim, including grabbing her by the hair, dragging her into the stairwell and knocking her to the ground.”
Schueler’s Finnish tax arrears are suspected to amount to “hundreds of millions of euros,” while the government estimated his 2023 income at 15.2 million euros ($16.9 million).
relevant: The SEC filed suit against the evasive Richard Heart in Finland, but did not visit him in person.
Authorities are still unable to locate Schueler, but he is active on social media, continuing to promote his cryptocurrency HEX (HEX) on X and uploading videos to his YouTube channel.
source: richard hart
Schueler was also accused by the U.S. Securities and Exchange Commission, which sued him in July 2023, of three tokens issued by his company – Hex (HEX), PulseChain (PLS) and PulseX (PSLX) – being unregistered securities that raised more than $1. was indicted. 1 billion.
The SEC also alleged that some of the funds were misused to make personal purchases, including 555-carat diamonds, expensive watches and luxury cars.
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