An entrepreneur was sued by the Securities and Exchange Commission on Monday for allegedly selling over $1billion in unregistered crypto and stealing another $12million from investors to fund his luxurious lifestyle.Richard Schueler, who goes by the name Richard Heart online, operated three different crypto asset offerings: Hex tokens, PulseChain — a crypto asset security platform, and PulseX — a decentralized trading platform.Over the years, he has touted these platforms as being the best, claiming they are a 'pathway to grandiose wealth.'
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