Richard Heart intentionally stole from Hexicans says SEC
When the SEC revealed the untold history of Richard Heart’s crypto projects in July last year, his use of investor money was an aside. At the time, ‘Hexicans’ — fans of his flagship project, HEX — were buying tickets for the debut of his feature-length movie. Rather than question Heart’s extravagant lifestyle, many chose to focus instead on the never-before-published history of his supposed ‘blockchain certificate of deposit.’ Oddly, HEX was down 99% from its high by the time his movie premiered. Heart’s fans have always known that he, like many crypto founders, was rich and flaunted expensive purchases. Nevertheless, he had always promised his fans that his wealth came from elsewhere — his prior business from which he generated millions of dollars. However, as his ex-business partner Eric Wall explained, that was simply a tactic pulled from a book about cult leadership. “He has literally read books on how to create cults. I think it’s called The 48 Laws of Power . Th...
