Richard Heart Charged for Using Investor Funds to Buy Luxury Goods
The SEC is suing Hex token founder Richard Heart for calling on investors to 'sacrifice' their crypto assets in exchange of unregistered securities tokens.
The self-proclaimed "force for good" is also charged for defrauding investors of at least $12 million, which he allegedly spent on exorbitant luxury goods.
Which includes a 555-carat black diamond the size of your fist.
The Hex token has crashed over 88% in a year after raising over $2.3 million Ether from investors to support Hex, Pulse & PulseX tokens, projects that many in the industry consider as fundamental ponzis.
Uniswap has stopped trading of hex tokens in light of the news.
But its just a bump in the road for Richard as he still wants to make the world a better place and to install a bidet for your mom"
Is this the biggest delusion of all time in the crypto industry?
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Executive Producer: Zheng Yi
Producer: Zheng Yi
Editor: Zheng Yi
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