A police operation in Istanbul on Oct.
A police operation in Istanbul on Oct. 14 resulted in the detention of Richard Heart and his wife, identified in Turkish media as A.K., according to the state-run İhlas News Agency. The agency linked the arrests to an Interpol Red Notice issued at the request of Finnish authorities. Heart, whose legal name is Richard James Schueler, and his spouse were taken into custody in the Beşiktaş district, where officers had been monitoring the address. Finnish police had suspected Schueler of gross tax evasion and assault, and a Finnish court had remanded him in custody in absentia on Sept. 13, 2024, after a decision made without his presence in the country. The operation was carried out by Istanbul’s intelligence and financial‑crimes units with assistance from Turkey’s National Intelligence Organization, MİT. Surveillance had been conducted before officers moved in Wednesday morning. Seized items included cash in U.S. dollars, euros and Turkish lira, gold jewelry, watches, electronic devices, three pistols and four long‑barreled rifles. Authorities described the finds as search results and did not conclude that the property was linked to any crime. INTERPOL’s Red Notice system asks member states to locate and temporarily detain a wanted individual while legal processes such as extradition or surrender are pursued. The notice does not constitute an international arrest warrant, and the person remains presumed innocent. The Finnish suspicions stem from a separate U.S. civil securities lawsuit in which the SEC alleged that Heart, HEX, PulseChain and PulseX conducted unregistered crypto offerings that raised more than $1 billion and that Heart diverted at least $12 million for luxury purchases. A U.S. district court dismissed the case on Feb. 28, 2025, citing insufficient personal jurisdiction over U.S. transactions, while allowing the SEC to amend its complaint. That ruling did not address the Finnish allegations. Turkish officials said the investigation into Schueler and his wife remains ongoing and no extradition to Finland has been confirmed.
- Publisher
- cryptoslate
- Reliability
- high
- Published
- 10/15/2026, 8:50:28 AM
- Retrieved
- 10/15/2026, 8:50:28 AM
- Relevance
- 80%
- Confidence
- 85%

