The Death of HEX?! (Richard Heart Sued By The SEC)
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The Matt Kohrs Show
My Newest Interview: https://www.youtube.com/watch?v=JUNAsYhki6Q'>https://www.youtube.com/watch?v=JUNAsYhki6Q
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#Hex #Pulse #RichardHeart
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Big News of the day: Justin The SEC as coinbase to Halt all cryptocurrency trading except Bitcoin prior to suing them, so everyone kind of looking at it like they're like what's up. why did Brian Armstrong sell a bunch of coin and everyone thought that was the big news I guess I Buried the lead a little bit and then very very quickly. That was all forgotten by this update. Today we charge Richard Hart AKA Richard Schuler and three unincorporated entities that he controls Hex Pulse Chain, and Pulse X with conducting unregistered offerings of crypto asset Securities and raised more than one billion in crypto assets from investors.
Now, before we get into it, he's getting charged with two things. One was the whole unregistered Securities But because of the Ripple case I Think politically, socially, a lot less people care about that. It's the other interesting thing that he's getting charged with. and it's the big Fat F word.
I'm not talking about fatty I'm talking about fraud part. Called on investors to buy crypto asset Securities and offerings that he failed to register. He then defrauded those investors by spending some of their crypto assets on exorbitant luxury goods. So if you don't know about Hex, if you don't know about Richard Hart He like is always bragging about whatever like private planes, really ornate jewelry Louis Vuitton Just like spending money like no other SSC charges Hex founder Richard Hart with misappropriating millions of dollars of investor funds from unregistered crypto asset Securities offerings that raise more than one billion dollars right away.
Coffeezilla picked up on it and you could actually kind of see like this is just the nature of Richard Hart This is a picture of him and his spending just Lambos what is his Gucci and it was just a never-ending thing involving Richard R So here's the actual filing as you can see the SEC the Securities and Exchange Commission versus Richard Schuler AKA Richard Hart Richard Schuler also known as Richard Hart is an American-born internet marketer, content creator and serial entrepreneur living in Finland. Heart operates through three unincorporated Alter Ego entities Hex Pulse Chain and Pulse X Beginning in December 2019 and continuing for at least the next three years. Heart raised more than one billion in the unregistered offer and sale of crypto asset Securities to retail investors in the US and abroad. Once again, that's the part that I think the general public doesn't really care about.
Obviously, with the SEC and Gensler like they're going to be losing their mind about it. But I I think the general person, especially within the crypto. Community This whole unregistered Securities I Think the common consensus and fairly enough is that the SEC is kind of overstepping their power and just trying to willy-nilly claim that everything is the security. So we put the Howie test, which is ridiculous because they're using rules and definitions from basically a hundred years ago to now apply to crypto and everyone's like, well, that's stupid and we probably need to get a revamp of the system, but that's not what I think Really, the retail crypto Community is currently reacting to because we're kind of past that. it's more of this fraud accusation now obviously. I don't know how it's going to play out. Not only Am I not a lawyer, but I'm also not a fortune teller. But I think that's the part that really people are diving into on this particular story.
Heart engaged in three separate offerings: Hex Pulse, Chain, and Pulse X Each was and is a Crypto Asset Security and Polishing and Pulse X or Crypto Asset Security Platforms Design created and maintained by heart. Once again, that's a part that I think Gary Ganzer is like losing his mind over. but for the general public, it's this following parts that I think matters a little bit more. Part: continually touted these Investments as a pathway to grandiose wealth for investors claiming that Hex, for example, was built to be the highest appreciating asset that has ever existed in the history of Man.
Heart continually touted these Investments as the pathway to grandiose wealth for investors, claiming that Hex, for example, was built to be the highest appreciating asset that has ever existed in the history of Ma'am. Although Hart claimed these Investments were for the vague purpose of supporting free speech, he did not disclose that he used millions of dollars of post chain investor funds to buy luxury goods for himself. This is where it gets a little bit crazy. Part pumped Hex's capacity for investment gain, claiming that Hex.com until at least November 1st 2020 that Hex is designed to surpass East which did 10 000 X price in 2.5 years it's working.
So far, Hex's USD price went up 115x and 129 stays on December 2nd 2019 during a seven hour live stream on YouTube hours before the Hex offering commence. Part stated that Hex was built to outperform Ethereum and Bitcoin and all other crypto currencies. The unregistered offerings raised more than 1 billion in crypto from investors. part in the post game.
Also were charged with fraud for misappropriating at least 12 million dollars worth of offerings proceeds to proceeds excuse me to purchase luxury goods including sports cars, watches, and a 555 carat Black Diamond known as the Enigma Reportedly the largest black diamond in the world. So this is some ladies face and this is apparently the diamond. The Enigma 555.55 carat diamond Black Diamond Uh, looks kind of crazy. It's not apparently something you have on a necklace or a ring or anything.
I Think it's just a giant rock. you know, giant piece of carbon that I guess you keep in it safe and you just tell the world that it's yours. That's the major update today. Richard Hart Sued by the SEC obviously the unregistered Securities Part I Think not many people have an issue with that just because of the embarrassment the FCC is currently suffering at the hands of Ripple. But when it comes to the fraud part, that's the thing that a lot of people have been accusing Richard Hart for a while now. Once again, I'm not a lawyer so I'm not going to say he is guilty I'm just giving you an update of what's currently going on. Obviously, things are not looking good for him. But also my major question is if he's actually in Finland How much of a jurisdiction does the SEC have there? But anyway, with that thought out and really the whole story in general, would love to get your thoughts in a comment below.
Looks like you have not done your own research Matt. Shame on you.
Lol… FTX… Voyager… Blockfi… Celsius… Luna… and the endless memecoin and DeFi rug pulls that have plagued crypto over the years… and the SEC wants to go after Richard? Who has always been completely transparent? This will end up being Gensler’s biggest failure to date… and that’s saying something.
I almost didn’t watch the vid bc of all these ignorant streamers but I give you credit for your non biased opinion bc you truthfully you really don’t know and aren’t a lawyer. Half these fools out here streaming content ignorant af don’t have a clue.
i heard of Richard Heart by his original name back in 2000. He started off being busted as a spammer, and then he went into sending emails offering to pay people to spam for him. He also was pimping medical stuff in that time, and I suspected he had several ponzi schemes called MLMs back then. I was a mod on a forum called TalkGold at the time giving warnings. I did a livestream about the history of online money and crypto or currencies. The SEC/Feds have went after so many of them from the earlier years as many big names in the business from the likes of Ebullion, EGold, LibertyPay etc got busted for unregistered stuff that is the same thing as what Richard Heart is charged with. It is a pattern of this, and people in the crypto did not know that some of these people who created like Hex and all that were involved in ponzi scams that took money from people in the HYIPs and all that used these online currencies which got those shut down. I been on Heart since the early to mid 2000s for a scammer who he really is.
vitalik ask for btc during ico to acquire eth. no one ask where did the btc go? he told the eth foundation to dump 70k eth ath on retail!! dam scammers!!. rh never sold 1 hex its all on chain. no sac funds were used to buy anything its still sitting in that wallet.
Can anyone on Earth show the evidence and facts?? These are all speculation. RH saved thousands of ppl from the horror of ftx, Celsius and blockfi.
HEX is dead coin, fugazi ponzi coin! No surprise for me, life style of RHS was more than just sign and red flag!
Hex pls is real crypto. Don't get fooled by bs claims from guys that don't know shit
HEX will pump to $1
Richard Heart will come out on top!! Fuck the SEC… The SEC is after everyone in crypto!!
First off Matt, why do you keep saying just the word offering and saying the word investment out of context/inaccurately in your video? Look up any and or all of the Richard Heart videos, or any of his social media accounts and you'll see Richard Heart or his team never just said the word offering and Richard Heart and his team never said the word investment one time in support of Hex, PulseChain, or PulseX during the sacrifice phase and he didn't call upon investors either during the sacrifice phase. It's a shame that you're willing to twist and use words that was never mentioned by Richard Heart or his team, before doing the research Matt, no matter if the SEC said it or not. Some of the key verbiage used by Richard Heart was "Sacrifice" or "No expectation of profit from the work of others" and in this case, using the right words are very important Matt, or you can come off as being misleading to someone viewing this video who didn't sacrifice for Hex, PulseChain, or PulseX and or knew anything about Richard Heart as well leading up to this video being released. I mean, you could've said they offered sacrifices for Hex, PulseChain, or PulseX and then you wouldn't be coming off as being misleading. Matt, make a video with hard evidence proving that Richard Heart really said these things during, before, or after the sacrifice phase, or disclose some type of evidence like a video, social media message, or some type of document proving Richard Heart was calling upon investors during, before, or after the sacrifice phase, or saying the words investment or just the word offering during, before, or after the sacrifice phase, verse you just coming off as robotic or a tool just reading what the SEC say and then basing your opinion off that? We all know that the SEC is notorious for making false claims to push their own agenda. It's evident, because if everything the SEC says was true or factual, they would be winning all of their claims/cases.
Another fact, every person or entity that sacrificed crypto for Hex, PulseChain and or PulseX knew exactly before and after they sacrificed, they were no longer the owner of the crypto that they sacrificed; only the SEC made the sacrifice a big deal, because everyone who sacrificed crypto did it free willfully. Allegedly, if Richard Heart did use some of the sacrificed crypto to spend on luxurious items, he did so rightfully and not inappropriately like the SEC claim.
Did you really do the research to make this video Matt, or are you just going off of hearsay? I believe you're basing everything off of hearsay, which make this video an obvious case for being Fake News.
Lastly, when the smoke does clear about this and the SEC claims are dropped against Richard Heart, Gary Gensler and others should be held accountable for their actions and dismissed from their positions in the SEC and criminally charged for wasting resources again and abusing their power again meant to protect and build up the U.S. citizen, verse the antithesis. Also Matt, you need to apologize for being a robot and a tool after these false claims of the SEC are dropped as well.
Sincerely, Don Crypt
Allegations are not necessarily true!!
Where does yield come from with HEX stakes?
HEX burned by self executing contract due to your interaction with contract when staked – then when you unstake at the time you chose when you staked, the contract mints your HEX plus yield
ie true DeFi- no 3rd party or middle-men
HEX is an immutable smart contract with NO backdoor or administrative key deployed on ethereum blockchain. Yield in HEX not $s variable per code & derived from fixed 3.69% inflation coded in contract, but paid ONLY to stakers at the end of their stake. If 100% total HEX staked APY 3.69%. If 1% total HEX staked then APY 369%. So for 10% total HEX staked for ave stake length at present of 7 yrs APY calculated daily is 36.9%. Yield 20% higher for each yr staked. Also higher yield proportional to higher amount staked plus bonus for higher amounts. So, 15 yr stake at present may yield 60+% per yr. 1 yr stakes may yield at present 10+% per yr. At endstake the contract calculates your daily yield & adds it up. ETH gas very expensive since Ethereum blockchain changed to calculate higher gas fees for greater amounts of computer time used in calculations. HEX was forked to new Pulsechain when it launched in May 2023 so that HEX on Pulsechain would have much lower gas fees. Math is coded in contract. Math audits verified description of code & yields. Penalties for early ending of stake term you chose severe & distributed to stakers.
correction, the diamond has been renamed to "the HEX d0t COM diamond"
also notice that in the suit, they never mention the word scam or ponzi…
hex pulsechain and pulsex are true defi and the banking cartel is scared
I thought he was a fraud. The way he was taking pictures of all his spending. Look how rich I am. I do hope they get him.
You did make a video thanks mark!
A security is defined as ANY Financial instrument that pays interest or dividends. How is Hex NOT that? He was calling it a Certificate of Deposit. That's a Security.
finally…schueler is like cancer
Noone was scammed. How HEX operates is clearly visible to all.
SEC cannot, and does not put forward fraud charges. Fraud is a criminal charge, which can be levied by the DOJ. The SEC only sues via civil suits. Unfortunately for all of the RH haters, and jealous peeps, there is no fraud here. Lots of inaccuraces in the docs from the SEC. SEC is really grasping at straws.
I would love to see that future. with the new Amazon token AMM1SF The world running on blockchain.
I bought 5k usd AMM1SF. I feel like this token will raise to $10 really easily.
The inflation is real We are far very from the bottom, But we also need to talk about Amazons AMM1SF as a gamechanger where we can avoid most of the losses. This is not a joke guys, this is the only chance this year gives!
Wow I'm so surprised you mentioned AMM1SF . I have been keeping eye on it for a while and it seems very promising.
Amazon released AMM1SF the first market change this year simply cus of that release 👍
cryptards insist on learning the hard way.
People just hate on Richard Heart. They agree Crypto is not a security, but they don’t like RH’s bragging, so they want him prosecuted anyway. Everyone in Hex knew exactly what Hex and RH we’re about. Nobody got scammed or deceived.
Keep on Talking about Richard Heart and Hex! 😂😂😂😂😂😂😂FREE PROMOTION AND ADVERTISEMENT 😂😂😂😂😂😂😂😂😂😂😂😂
Lol you people are so wrong about hex and richard heart. I guarantee you won't say anything when richard wins in court.
The scammer should be in jail. Dumb people who didn't listen to warnings deserve losing all their money.