US judge dismisses SEC fraud lawsuit against Hex crypto founder — TradingView News
A federal judge on Friday dismissed a lawsuit by U.S. securities regulators accusing an online entrepreneur of raising more than $1 billion through unregistered cryptocurrency offerings and defrauding investors out of $12.1 million to buy luxuries including the world’s largest black diamond.
U.S. District Judge Carol Bagley Amon in Brooklyn cited a lack of ties between Richard Heart’s alleged conduct and the United States in deciding to toss the U.S. Securities and Exchange Commission’s 2023 lawsuit against Heart, a U.S. citizen residing in Finland.
Representatives for the SEC and for Heart did not immediately respond to requests for comment.
The SEC had alleged that Heart, also known as Richard Schueler, touted his Hex token, PulseX…
