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The Securities and Exchange Commission is suing crypto influencer Richard Heart for conducting unregistered offerings of crypto assets and using investor funds to purchase luxury goods.
"The Enigma" is 555 carats and was sold by Sotheby's to Richard Heart in February 2022.
“I make people rich,” mogul Richard Heart declared on his cringey social media accounts before being charged by the SEC.
The SEC alleges that Richard Heart used investor funds to buy cars, watches, and other luxury goods
"The Enigma" diamond was sold at auction for $4.28 million last year.