SEC Files Lawsuit Against Richard Heart and Hex for Unregistered Securities and Fraud
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against internet marketer Richard Heart and his projects Hex, PulseChain, and PulseX, alleging that he raised over $1 billion through unregistered securities offerings and defrauded investors by using their funds for personal expenses. The SEC claims that Heart touted these investments as a pathway to wealth but failed to disclose his personal use of investor funds. Heart and his projects are charged with fraud and securities registration violations.