U.S. investor who backed Flair Airlines expansion pleads guilty to fraud

Eight more companies objected to trading on the planned OKX-ICE venue, while Nasdaq has separately said it would opt out under the SEC’s framework.

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HEX erases $246 million in market cap after founder detained in TurkeyThe HEX market cap fell from $561 million to $315 million this week after founder Richard Schueler — better known to the crypto community as Richard Heart — was detained by authorities in Istanbul on October 14. Police seized $7.15 million in cash along with firearms and ammunition during an early morning raid in Istanbul’s Beşiktaş district, alongside searches of 15 related addresses according to Turkish Justice Minister Akın Gürlek. Police impounded nine luxury vehicles registered to Schueler’s wife according to news agency Anadolu. The haul reportedly included 28 watches, 300 bags and 19 graphics cards. Interpol issued a “Red Notice” for Schueler’s two years ago over allegations of tax fraud and assault, after Finnish authorities sought his arrest. A spokesperson for Finland’s National Bureau of Investigations declined to comment on the matter. Turkish media refer to Schueler as “Whale James” and have linked him to a $1 billion unregistered securities offering in the US. However that case was dismissed by a US judge in February 2025.

While the overall S&P/TSX Composite Index has risen by about 11% this year, the five-company telecom index fell by more than 16%