No-Show Ronaldinho Breaks Silence On $61 Million Crypto Scam

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Retired soccer participant Ronaldinho Gaúcho has been accused of an alleged $61 million cryptocurrency rip-off. And after being lacking in motion for 2 hearings, the Brazilian Legend has lastly spoken up.

Ronaldinho’s Casualties

Soccer star Ronaldinho Gaúcho has denied any involvement within the “18K Ronaldinho” $61 million pyramid scheme regardless of the agency chargeable for the alleged crypto rip-off being named after the soccer star.

The 18K Ronaldinho agency promised its shoppers a 2% each day earnings by cryptocurrency buying and selling and arbitration that’s as much as 400% return in lower than one 12 months’s time, a return price that has confirmed to be unsustainable numerous occasions.

The previous world-class athlete’s footage have been additionally utilized in advertising and marketing and selling the 18K Ronaldinho agency. Nonetheless, the footballer claimed that he was by no means companions with the alleged agency and that the agency has used his identify and likeness unknowingly to him.

Ronaldinho additional defined that the alleged footage utilized in advertising and marketing the 18K Ronaldinho agency have been footage that have been taken as a part of a contract he signed in July 2019 to advertise an America-based firm that sells watches named 18K Watches. Nonetheless, based on him, the contract was reportedly by no means executed because it was terminated later that 12 months in October.

The soccer star revealed that he later grew to become conscious that the 18K Ronaldinho was utilizing his identify and pictures to advertise the corporate however by no means took authorized actions in opposition to the corporate as a result of he additionally fell sufferer to the crypto rip-off.

Ronaldinho’s Look Earlier than The Court docket

Ronaldinho Gaúcho lastly appeared in court docket on August 31, 2023, after lacking two prior hearings set by the Brazilian congressional committee. Following this, he claimed he was to not be blamed for lacking these hearings and that his absence was attributable to unhealthy climate.

The soccer star lastly appeared in court docket following an order made by the authorities that if he failed to seem in court docket once more, he can be confronted with doable fines or introduced earlier than the court docket forcibly.

Ronaldinho Gaúcho was initially criminally charged on this case in February 2020, as a result of a whole bunch of Brazilian victims who filed a grievance in opposition to the agency for fraud.

In the course of the listening to, the soccer star remained totally quiet and prevented numerous questions thrown at him. This was as a result of his brother Roberto de Assis Moreira and enterprise consultant Marcelo Lara, had already testified earlier than the committee the earlier week.

When he was requested concerning the $61 million lawsuit, he repeatedly refused to say something about it. The soccer star additionally remained quiet when Brazilian congressional committee president Aureo Ribeiro inquired if he supposed to compensate those that invested within the 18K Ronaldinho agency.

The case is being prosecuted by Brazil’s decrease home, the Chamber of Deputies, and is presently investigating 10 different corporations reported by the Brazilian Securities and Alternate Fee who’ve additionally maliciously promised excessive returns on crypto investments.