Authorities in Finland have confiscated a collection of luxury watches worth approximately $2.6 million from Richard Schueler, also known as Richard Heart.
Schueler, the founder of the cryptocurrency HEX, is wanted in Finland on charges of tax evasion and assault.
The collection, which included 20 high-end watches, primarily Rolex models, was found in a vacant residence in Espoo. Most items were reportedly purchased in Finland, while others were bought in the United States.
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Inspector Harri Saaristola, who led the investigation, explained that the watches were uncovered through intelligence work conducted by the police. Schueler had left the items behind after vacating the property.
Finnish broadcaster Yleisradio Oy (Yle) reported the seizure on January 7, with experts estimating the total value at $2.68 million based on receipts and evaluations.
On September 13, Finnish authorities detained Schueler on allegations of tax evasion between June 2020 and April 2024, as well as assault incidents from February 2021, but have since been unable to determine his whereabouts.
On December 22, Interpol issued a Red Notice for Schueler in connection with these accusations.
Despite the charges, Schueler remains active on social media, using platforms like X and YouTube to promote HEX. His continued online presence has drawn criticism as authorities struggle to locate him.
As Finnish authorities pursue Schueler, Vietnamese police recently shut down a $1 million cryptocurrency fraud. How did the case unfold? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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