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Soccer legend Ronaldinho strongly denied any connection to a $61 million cryptocurrency pyramid scheme throughout a congressional listening to on August 31 in Brazil.
The scheme, which operated beneath the identify “18kRonaldinho,” had promised every day returns of two% on cryptocurrency investments and is at the moment going through a lawsuit aimed toward recovering $61 million in damages.
When the promised returns did not materialize, a proper investigation was launched. The Brazilian Congressional Committee known as on Ronaldinho to reply questions and he stated he had no connection to the cryptocurrency pyramid scheme bearing his identify.
Ronaldinho Missed Two Earlier Classes
Ronaldinho’s look earlier than the Congressional Committee got here after he missed two earlier periods. His brother and enterprise consultant, Roberto de Assis Moreira, appeared earlier than the identical committee the earlier week to offer his testimony. Within the second occasion, he defined that he missed an Aug. 24 listening to because of the closure of the Porto Alegre airport amid extreme climate circumstances.
He stated he signed a contract with US firm 18k Watch Company in 2016 to market a line of watches.
“They misused my identify to create this firm’s company identify,” he stated.
Ronaldinho stated that each one the photographs of him utilized by the scheme have been from promotional photoshoots carried out for the watch firm.
The previous soccer star emphasised that he by no means licensed the usage of his picture for the sale of cryptocurrencies. In his assertion, he asserted, “It was by no means licensed for 18k Ronaldinho to make use of my identify and my picture or nickname within the company identify of the corporate. I used to be a sufferer.”
A Broader Development
Many celebrities and influencers have been related to questionable cryptocurrency schemes in latest instances. These instances usually contain the promotion of NFTs (non-fungible tokens) or cryptocurrencies that fail to ship on their guarantees.
In April final yr, Time Journal reported that “Save the Children” initiative, which was endorsed by influencers from the favored FaZe e-sports clan as a approach to each assist underprivileged youngsters and make cash for buyers, was a rip-off.
And two influencers confronted costs in reference to the CSGOLotto rip-off. Within the case of Central Tech, influencers have been used to deceive individuals out of hundreds of thousands, resulting in investigations involving celebrities together with DJ Khaled and Floyd Mayweather.
Extra lately, Kim Kardashian and Jake Paul have confronted investigations for his or her roles in selling EthereumMax.
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