SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars

Re:SEC Charges Hex Founder Richard Heart with Misappropriati... by bebop404 on Monday July 31, 2023 @12:11PM (#36944796)

It's a shame it took this long to go after such a blatant Ponzi. There is even an ad for this scheme painted on a wall near my home (in Mexico), so one would hope that the US will not be the only country where he will face charges.

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Re:SEC Charges Hex Founder Richard Heart with Misappropriati... by kelthuzad on Monday July 31, 2023 @12:23PM (#36944998)

It's crazy how many crypto natives were warning "hexicans" about hex and pointing out the most obvious indicator that it's a scam, namely Richard Heart defrauding them, yet most of his fanboys were not even willing to listen or evaluate the evidence with an open mind.

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Re:SEC Charges Hex Founder Richard Heart with Misappropriati... by HappySweeney on Monday July 31, 2023 @02:43PM (#36947053)

That would have had them admitting to themselves that their money is gone, including the promised gains they likely already spent.

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Re:SEC Charges Hex Founder Richard Heart with Misappropriati... by DANmode on Monday July 31, 2023 @07:01PM (#36950048)

Came to this thread just to say RIP Hexicans, thanks for providing the space!

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Re:SEC Charges Hex Founder Richard Heart with Misappropriati... by 3LazTjBv-f on Tuesday August 01, 2023 @04:58AM (#36953904)

I liked local "Italian restaurant ad" Ponzi. I mean it still looked like scam to me, but I can understand why people fell for it. Scheme can only last for few months, a year at most, so the organizer must be ready to GTFO as soon as it reaches the peak. Participants are offered $1k/months for placing the restaurant ad on their car (banner behind rear windshield) but asked for $3k or $4k "security deposit". Of course the "restaurant ad" actually only said "I make $1k/month with this ad, call xxx to learn how".

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