Ronaldinho denies part in alleged $61M crypto scam at congressional hearing

Retired pro shot prima Ronaldinho Gaúcho has testified astatine a legislature proceeding successful Brazil, denying his engagement successful an alleged $61 cardinal crypto pyramid strategy that bore his name.

On Aug. 31 Ronaldinho appeared earlier a parliamentary committee enquiry wherever helium refuted immoderate relation successful the strategy called “18kRonaldinho" that promised 2% regular returns connected crypto. A suit was filed against the firm, seeking $61 cardinal successful damages.

Ronaldinho claimed helium was ne'er partnered with the company, and it utilized his sanction and representation without his authorization, arguing helium was besides a unfortunate of the purported scheme.

During the hearing, images were shown of 18kRonaldinho’s selling that depicted Ronaldinho.

The enquiry showed an representation of Ronaldinho with the substance “Your wealth yielding up to 2% a day” (translated). Source: YouTube

He said the pictures were taken arsenic portion of a declaration helium signed successful July 2019 with a subsidiary of the institution that sells watches but that declaration was terminated aboriginal that twelvemonth successful October and was ne'er executed.

The inquiry’s president, Aureo Ribeiro,asked Ronaldinho if helium intended to reimburse those who invested successful the company, to which Ronaldinho said helium would stay silent.

He besides did not reply erstwhile asked astir the $61 cardinal lawsuit.

Related: Breaking unfortunate ‘trust’ successful scammer is cardinal to bushed crypto scams, exchanges say

Ronaldinho had failed to appear earlier 2 erstwhile hearings related to the inquiry, astir precocious connected Aug. 24. He said upwind conditions meant helium was not capable to attend.

The latest Aug. 31 proceeding was his past accidental to look earlier Congress — if helium didn’t, Ronaldinho faced possible fines oregon apprehension successful which authorities would’ve forcibly taken him to look astatine the hearing.

The enquiry was launched successful June to analyse purported crypto pyramid schemes and is being carried retired by Brazil’s little house, the Chamber of Deputies.

It’s investigating a full of 11 companies alleged by the country’s Securities and Exchange Commission to person falsely promised precocious returns utilizing crypto.

Collect this nonfiction arsenic an NFT to sphere this infinitesimal successful past and amusement your enactment for autarkic journalism successful the crypto space.

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