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SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars

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Re: SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars

#31

Post by DonHopkins »

bhouston wrote: post #8

Thank god, that guy was incredibly obnoxious.

You can say that again. A total narcissist scammer of the worst kind. He started with Viagra spam and then found crypto shilling. He liked to hang out on HN to shill his scams and recruit developers, but I may have accidentally made him feel uncomfortable by asking him lots of pointed questions about his past, and he hasn't shown his face in a while. His go-to response is literally "Dodge, dodge!"

His real name is actually Richard J Schueler, under which he is famously known as the "Spam King", for being one of the first people in the world to be successfully sued for online spam, specifically the Viagra spam scheme that he ran from Panama (which he lost).

Richard Hart (aka "Spam King" Richard J Schueler) wins the "Golden Pump Award" for "Best New Scam" for his POS shitcoin Ponzi scheme "HEX":

https://twitter.com/JuanSGalt/status/1233242355995750400

https://www.youtube.com/watch?time_continue=857&v=tf-lJu5iDh...

Peacefire.org beats spammers in court.

https://www.zdnet.com/article/peacefire-org-beats-spammers-i...

>Free-speech group Peacefire.org wins a legal round in its fight against unsolicited e-mail, invoking Washington state's anti-spam law.

>The King County District Court in Bellevue, Wash., on Monday granted Peacefire $1,000 in damages in each of three complaints filed by Peacefire Webmaster Bennett Haselton. The small-claims suit alleged that Red Moss Media, Paulann Allison and Richard Schueler [who now operates under the pseudonum "Richard Hart"] sent unsolicited commercial messages to Haselton that bore deceptive information such as a forged return e-mail address or misleading subject line.

More embarrassing facts and proof he doesn't want you to read here:

https://news.ycombinator.com/item?id=36944841

Re: SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars

#32

Post by delusional »

boeingUH60 wrote: post #3

He raised over $1 billion?!…there was really too much money floating around begging for where to invest circa 2020. The same goes for many questionable startups that raised money. Notice how these schemes have disappeared in tough times.

$1 billion in crypto, so not real money. $1 billion on IOU's from some other ponzi scheme. Right after it states that they're also charged "misappropriating at least $12 million of offering proceeds" which seems like a more reasonable figure. They probably stole in the order of $12-20 million.

Re: SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars

#33

Post by davidgerard »

fun fact, Richard used to sell email spam software. Is shitcoin pumping a step up or a step down?

Richard is a very charming fellow, very likable, but in a way that cautions you not to let any of your money within a mile of him.

Re: SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars

#34

Post by rlt »

bhouston wrote: post #8

Thank god, that guy was incredibly obnoxious.

Among other crimes against humanity is his incredibly gaudy sense of style

https://twitter.com/RichardHeartWin/status/15402954048178831...

https://sybershel.com/he-invented-the-crypto-that-gives-inte...

Re: SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars

#35

Post by verteu »

confoundcofound wrote: post #14

The biggest lie in crypto is that tokens are bought for utility and not speculative gains. I don't know if it's delusion or intentional deception. I have friends who are "thought leaders" in the space, who opine on the disruptive potential of crypto yet spend their days tweeting about the latest memecoin that just 100x'd. The entire concept of crypto "value" rests upon the marriage of token utility and economic value…

> The biggest lie in crypto is that tokens are bought for utility and not speculative gains. I don't know if it's delusion or intentional deception.

It's an attempt to avoid the scope of US securities law: https://www.taftlaw.com/news-events/law-bulletins/utility-to...

Re: SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars

#36

Post by artursapek »

rlt wrote: post #34
bhouston wrote: post #8

Thank god, that guy was incredibly obnoxious.

Among other crimes against humanity is his incredibly gaudy sense of style https://twitter.com/RichardHeartWin/status/15402954048178831... https://sybershel.com/he-invented-the-crypto-that-gives-inte...

This guy was famous for posting these photos flaunting how much money he was wearing. It blows my mind to think someone could be this open about doing this

Re: SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars

#37

Post by iancarroll »

delusional wrote: post #32
boeingUH60 wrote: post #3

He raised over $1 billion?!…there was really too much money floating around begging for where to invest circa 2020. The same goes for many questionable startups that raised money. Notice how these schemes have disappeared in tough times.

$1 billion in crypto, so not real money. $1 billion on IOU's from some other ponzi scheme. Right after it states that they're also charged "misappropriating at least $12 million of offering proceeds" which seems like a more reasonable figure. They probably stole in the order of $12-20 million.

The article mentions at least 2 million Ethereum, which is certainly liquid enough to be a couple orders of magnitude above $10 million.

Re: SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars

#38

Post by DonHopkins »

davidgerard wrote: post #33

fun fact, Richard used to sell email spam software. Is shitcoin pumping a step up or a step down? Richard is a very charming fellow, very likable, but in a way that cautions you not to let any of your money within a mile of him.

Charming??! I've known enough of his kind that his "charm" immediately sets off all of my Malignant Narcissist Klaxons.

He's charming in the same sense that the creepy guy driving the windowless "FREE CANDY" van is generous.

And you only mentioned the tip of the Spamberg -- it goes MUCH deeper:

His real name is actually Richard J Schueler, under which he is famously known as the "Spam King", for being one of the first people in the world to be successfully sued for online spam, specifically the Viagra spam scheme that he ran from Panama (which he lost).

Richard Heart - Spam, ICOs, and Death Threats:

https://imnotdead.co.uk/blog/richard-heart

PSA: Crypto HEX Founder is Actually Notorious Criminal ‘Spam King’:

https://blockcast.cc/news/psa-crypto-hex-founder-is-actually...

Richard James Schueler - Friggin Spam King:

https://web.archive.org/web/20190416235350/http://www.panama...

HEX Founder found to be Notorious Criminal:

https://cryptotraderspro.com/hex-founder-outed-spam-king/

Why HEX is a Ponzi and not a solid investment (Part 2): Richard Heart:

https://www.reddit.com/r/CryptoCurrency/comments/kwhjxa/why_...

>During the interview at ANON, Richard confirmed that he was one of the first people in the world to be sued for online spam, back in 2002. This shows us Richard has experience abusing unregulated markets, as he is doing with crypto these days.

Hasn't the last eight or so years of Trump trained people to instantly see through that kind of bullshit, and easily recognize a malignant narcissist for what they are, or does he specialize in fooling the same kind of people Trump still fools?

What kind of person actually makes videos and web pages about themself with titles like:

RICHARD HEART IS THE BEST PERSON EVER! I OWN THE WORLD'S LARGEST DIAMOND.

https://www.youtube.com/watch?v=0TQGzltcKNk

Richard Heart is a force for good:

https://richardheart.com/

Re: SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars

#39

Post by conductr »

artursapek wrote: post #36
rlt wrote: post #34

Earlier quoted context omitted.

Among other crimes against humanity is his incredibly gaudy sense of style https://twitter.com/RichardHeartWin/status/15402954048178831... https://sybershel.com/he-invented-the-crypto-that-gives-inte...

This guy was famous for posting these photos flaunting how much money he was wearing. It blows my mind to think someone could be this open about doing this

It blows my mind people invest money with a guy doing this so openly

Re: SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars

#40

Post by Retric »

iancarroll wrote: post #37
delusional wrote: post #32

Earlier quoted context omitted.

$1 billion in crypto, so not real money. $1 billion on IOU's from some other ponzi scheme. Right after it states that they're also charged "misappropriating at least $12 million of offering proceeds" which seems like a more reasonable figure. They probably stole in the order of $12-20 million.

The article mentions at least 2 million Ethereum, which is certainly liquid enough to be a couple orders of magnitude above $10 million.

There’s a fair amount of liquidity, but trying to withdraw 1 billion in Eth is going to impact it’s valuation.
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