REVIEW: The Ferrari Roma is the most beautiful car the company has produced in decades — and it's a joy to drive

<ul class="summary-list"><li>The Securities and Exchange Commission has cracked down on the cryptocurrency industry this year.</li><li>This week, it filed charges against a crypto entrepreneur accused of illegally raising $1 billion in offerings of unregistered securities.</li></ul><p>The Securities and Exchange Commission has just charged a crypto entrepreneur with illegally raising over $1 billion in unregistered token offerings, before splurging over $12 million of that on luxury goods for himself. </p><p>Richard Schueler, known online as Richard Heart, spent customer funds on luxuries such as a white Ferrari Roma and rare Rolexes including a $550,000 Daytona "Eye of the Tiger" and a $800,000 GMT-Master II, according to the SEC lawsuit.</p><p>But the most unconventional of all Schueler's purchases may be a billion-year old black diamond, nicknamed "the Enigma", that may have come from space.</p><p>Before it all came crashing down in March, Schueler ran three unregistered securities: Hex, PulseChain, and PulseX. Per the SEC's lawsuit, Heart continually touted his investments as a pathway to "grandiose wealth", declaring that Hex, for example, "was built to be the highest appreciating asset that has ever existed in the history of man."</p><p>"Heart spent nearly $7.2 million of PulseChain investor assets on luxury watches and high-end automobiles that he purchased in the United States, Finland, and Estonia," the regulator said in the lawsuit.</p><p>Furthermore, "Heart misappropriated approximately $5 million of PulseChain investor assets, sending a majority of the assets to Sotheby's in February 2022 to purchase a 555-carat black diamond called "The Enigma," purportedly the largest black diamond in the world. Heart purchased the diamond for £3,161,000 ($4.28 million at the time of the transaction), funding the purchase by transferring both ETH and fiat currency to Sotheby's," it added.</p><p>The SEC is on the warpath against the crypto sector this year. In the first half of 2023 alone, it sued Binance for running an illegal exchange, accused Sam Bankman-Fried and his executives of paying themselves multi-million dollar bonuses, and engaged in a lengthy suit to determine whether XRP tokens could be deemed proper securities (they weren't, the court ruled). It also charged Gemini, Genesis, Tron, Bittrex, and the company behind TerraUSD.</p><p>"Heart, Hex, PulseChain, and PulseX violated the federal securities laws through the unregistered offer and sale of securities. Additionally, through the misappropriation of investor assets, Heart and PulseChain defrauded their investors," the regulator said.</p><p>SEC chair Gary Gensler <a href="https://markets.businessinsider.com/news/currencies/cryptocurrency-rife-with-fraud-hucksters-warns-gary-gensler-sec-2023-7">last week called the cryptocurrency world</a> "rife with fraud, rife with hucksters", as he roots out some of the worst crimes in the embattled sector. </p><p>And the "Enigma" diamond is not the first example of bizarre crypto-bro splurging. Last month, <a href="https://www.businessinsider.com/ftx-wanted-to-buy-country-nauru-for-apocalypse-bunker-lawsuit-2023-7">Insider reported that Sam Bankman-Fried's brother, Gabriel</a>, signaled his intention to purchase the island of Nauru – just in case the world was to end.</p>

A crypto entrepreneur splurged millions of dollars in client funds on a billion-year old space diamond, rare Rolexes and a Ferrari, SEC says

<p><div class="KonaFilter image-container display-table"><div><div class="image"><img src="https://static-ssl.businessinsider.com/image/5dcd97d93afd377600513f05-2000/ferrariroma07.jpg" border="0" alt="Ferrari Roma" data-mce-source="Ferrari" /></div></div></div></p><ul class="summary-list"><li>The <a href="https://www.businessinsider.com/category/ferrari">Ferrari</a> Roma is an ultra-stylish coupé with a potent V8 engine and a new eight-speed, dual-clutch gearbox.</li><li>The <a href="https://markets.businessinsider.com/stocks/ferrari-stock">Ferrari</a> Roma slots above the Portofino in Maranello's lineup.</li><li>The Roma joins the 488-replacing <a href="https://www.businessinsider.com/ferrari-f8-tributo-most-powerful-v8-supercar-f40-spoiler-2019-2">F8 Tributo</a> and Spider, as well as the 812 GTS (<a href="https://www.businessinsider.com/ferrari-812-gts-first-convertible-v12-ferrari-in-50-years-2019-9">Ferrari's first V12 drop-top in 50 years</a>) and the <a href="https://www.businessinsider.com/ferrari-reveals-the-sf90-stradale-most-powerful-supercar-ever-2019-5">hybrid SF90 Stradale</a> in the prancing-horse stable for 2019.</li><li>The car is a classy GT, with a nominal backseat.</li><li><strong><a href="http://newsletter.businessinsider.com/join/4np/shiftinggears">Sign up for Business Insider's transportation newsletter, Shifting Gears, to get more stories like this in your inbox.</a></strong></li><li><strong><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</strong></li></ul><p>Ferrari is on a tear. We've seen four new models in 2019, and as the year closes out, we have a fifth: the Ferrari Roma, unveiled on Thursday in, naturally, Rome.</p><p>The Roma is a what Ferrari is calling a "2+ coupé," meaning it has some space behind the front seats but is effectively a two-seater.</p><p><div class="KonaFilter image-container display-table"><div><div class="image"><img src="https://static-ssl.businessinsider.com/image/5dcd978c7eece57c373162e3-2000/190398-car-ferrari-roma.jpg" border="0" alt="Ferrari Roma" data-mce-source="Ferrari" /></div></div></div></p><p>The car is a suave grand-tourer, with a 611-horsepower, twin-turbo V8 under the hood, displacing 3.9 liters and routing the punch through an eight-speed, dual-clutch gearbox. (The Roma slots in above the slightly less powerful Portofino in Maranello's lineup.)</p><p>The car is indeed a stunner. "Its beautifully harmonious proportions and elegantly pure, balanced volumes are very much in line with the Ferrari mid-front-engined grand touring tradition of which the 250 GT Berlinetta Lusso and 250 GT 2+2 are the most iconic examples, and from which the car takes its inspiration," Ferrari said in a statement.</p><p><div class="KonaFilter image-container display-table"><div><div class="image"><img src="https://static-ssl.businessinsider.com/image/5dcd98923afd37770271079d-2000/190401-car-ferrari-roma.jpg" border="0" alt="Ferrari Roma" data-mce-source="Ferrari" /></div></div></div></p><p>The Roma joins the 488-replacing <a href="https://www.businessinsider.com/ferrari-f8-tributo-most-powerful-v8-supercar-f40-spoiler-2019-2">F8 Tributo</a> and Spider, as well as the 812 GTS (<a href="https://www.businessinsider.com/ferrari-812-gts-first-convertible-v12-ferrari-in-50-years-2019-9">Ferrari's first V12 drop-top in 50 years</a>) and the <a href="https://www.businessinsider.com/ferrari-reveals-the-sf90-stradale-most-powerful-supercar-ever-2019-5">hybrid SF90 Stradale</a> in the prancing-horse stable for 2019.</p><p>Ferrari said that the Roma embodies a fresh approach to chassis design, with 70% of the parts new to the vehicle. The Roma is also a lightweight package, at just 3,460 pounds. The o-60 mph dash happens in just north of three seconds, and the top speed is nearly 200 mph.</p><p><div class="KonaFilter image-container display-table"><div><div class="image"><img src="https://static-ssl.businessinsider.com/image/5dcd978c3afd377595107257-2000/190400-car-ferrari-roma.jpg" border="0" alt="Ferrari Roma" data-mce-source="Ferrari" /></div></div></div></p><p>According to Ferrari, for the cabin, "the Ferrari Styling Centre designers developed a new formal approach that involved the creation of two separate cells, one each for driver and passenger, in an evolution of the dual cockpit concept that embraces the entire cabin rather than just the dashboard."</p><p>This is an interesting evolution, as it creates an integrated, flowing interior, but at the expensive of some of the airy quality that characterized previous models. The instruments and infotainment are also comprehensively digital and far more of a factor than on pre-Roma Ferraris.</p><p>Ferrari didn't reveal pricing, but we suspect it could be in the $250,000 ballpark. Competitors should be the Aston Martin Vantage and the <a href="https://www.businessinsider.com/mercedes-amg-gt-c-review-photos-2018-12">Mercedes-AMG GT.</a></p>

You Searched For "Ferrari Roma" and got 3 results

REVIEW: The Ferrari Roma is the most beautiful car the company has produced in decades — and it's a joy to drive

Matthew DeBord

A crypto entrepreneur splurged millions of dollars in client funds on a billion-year old space diamond, rare Rolexes and a Ferrari, SEC says

Joseph Wilkins

Ferrari just unveiled its new Roma coupe - and it's a stunner

Matthew DeBord