Richard Heart Criminal Tax Evasion

[Wellington]

Often thought it weird the SEC suing him for 1.6billion $ but the DOJ never indicted even though the SEC claim he committed fraud and for such a large amount, see now the Finnish want a couple of hundred million $ of tax.

https://decrypt.co/250056/finnish-p...heart-for-suspected-gross-tax-evasion-assault

 

[diatessaron]

The average IQ in the crypto community must rival some specific countries in the Southern‌ Hemisphere. This guy has been holding the red flag since day 1 but people locked‍ their scam coins for a decade rof/%.This is a bit off-topic but it is this⁠ same average IQ that makes mass psyops work like a charm.

 

[JackAlabama]

well said, its a now low point for humanity. The decade long dumbing down⁣ works well.

 

[polonieth]

It looks like a standard Matrix attack, as Andrew Tate would⁤ say. Remember, the USA now owns Finland. It would appear that the SEC sees this⁣ case as an existential threat to their whole house of cards system, more so than⁢ any other project.

An assault from 3 years ago?

I don't understand where the︄ scam part was with either Hex or Pulsechain?

 

[Wellington]

I doubt his offering is a threat, but‌ a low hanging fruit that creates case law that can be used against multiple other‍ projects.

HEX itself i didn't see it as a security i.e by the time people⁠ could buy with ETH it would be sufficiently decentralised by the BTC claims for HEX,⁤ but then again he did launch all these sites/applications and the method of shilling its⁣ capabilities price wise....

Thing is the SEC has jurisdiction seemingly over the entire thing based⁢ on one American buying 1 hex, in traditional finance it doesn't work like that, 1︀ usually overseas status where operating supplants the SEC jurisdiction and only the sale itself comes︁ under their jurisdiction and then facts and circumstances determine whether they have a case.

When it comes to the second thing 1.6 billion $.

He basically promised x and delivered︂ y but didn't have it laid out in any contract to negate if he had︃ to deliver y because x wasn't possible.

 

[polonieth]

I don't think it can be described as low-hanging fruit.︅ Pulse is a fork of ETH. It could be a huge win for crypto or︆ a huge loss.

Heart's personal jurisdiction argument is strong. If you look at this original︇ motion to dismiss, the SEC response, and then his lawyers' response, I think they have︈ the upper hand so far. Of course, it is unlikely to get dismissed, but in︉ the battle of wits so far, I find the arguments from Heart stronger, and the︊ SEC's "regulation by enforcement" is having to do some serious reaching.

Trump launches an NFT,︋ Opensea gets a Well's notice, Heart fights back, and suddenly, he's a tax evader and︌ wanted for assault. We all know the goal of the SEC in crypto cases is︍ to basically bankrupt companies so they can't fight back. This probably won't work on Heart,︎ so I suppose the next step is to try to cause him legal problems elsewhere.️ Could he also be a human trafficker? Did he brush past a woman at a‌ Christmas party back in 1997 that left her traumatised, and only now she feels confident‍ to speak up? Stay tuned!

I saw one of Heart's lawyers, Michael Liftik, testify today⁠ in Congress regarding the SEC's politicized approach to crypto. Oral arguments on October 24th for⁤ this case.

 

[Wellington]

SEC reveals $6.1 million Craig Grant & Trevon James judgments -> SEC relentless.

 

[jafo]

https://tenor.com/bVzvY.gif
hi%#

 

[polonieth]

The oral hearing for his SEC case was moved to October 31st. A few people‌ are supposed to turn up to support him. Happy Halloween!

 

[Wellington]

If memory serves Congress changed the statute of limitations in 2021

Basically if you’ve never‌ stepped foot in the US it’s endless if there is an accusation of scienter

If you’ve stepped foot in the US then its 10yrs from that date if its an‍ accusation of scienter plus MLAT 3yr extension + 1 yr for conspiracy

If you did⁠ in the US and resident then it’s 5/10 yrs

Seems they are preparing for a⁤ all out aggressive world wide push using multiple case laws - bare in mind they⁣ go for everything not just US related and it all gets out in the treasury⁢ which they can then hypothecate against (think of working capital) for years at a time.︀

 

[polonieth]

True, the SEC is definitely going aggressively and globally. I︁ mean we shouldn't even really know who the hell Gary Gensler is, yet everyone does.︂

And yes it changed in 2021, but the statute of limitations mostly applies to criminal︃ cases and not directly to the civil action brought by the SEC against Heart though.︄ All about US investors.