Ronaldinho denies part in alleged $61M crypto scam at congressional hearing
Retired pro soccer star Ronaldinho Gaúcho has actually affirmed at a congressional hearing in Brazil, denying his participation in an alleged $61 million crypto pyramid plan that bore his name.On Aug. 31 Ronaldinho appeared before a parliamentary committee inquiry where he refuted any role in the plan called “18kRonaldinho” that assured 2% day-to-day returns on crypto. A claim was filed versus the company seeking $61 million in damages.Ronaldinho claimed he was never partnered with th business and it used his name and image without his permission, arguing he was likewise a victim of the supposed scheme.During the hearing, images were revealed of 18kRonaldinhos marketing that portrayed Ronaldinho.The inquiry showed an image of Ronaldinho with the text “Your cash yielding as much as 2% a day” (translated). Source: YouTubeHe said the images were taken as part of an agreement he signed in July 2019 with a subsidiary of the company that sells watches however that contract was terminated later that year in October and was never ever executed.The inquirys president Aureo Ribeiro asked Ronaldinho if he planned to compensate those who bought the business to which Ronaldinho said he would remain silent.He likewise did not address when asked about the $61 million lawsuit.Related: Breaking victim trust in fraudster is essential to beat crypto rip-offs, exchanges sayRonaldinho had actually failed to appear before 2 previous hearings connected to the query, most just recently on Aug. 24 in which he blamed climate condition for not having the ability to attend.The newest Aug. 31 hearing was his last chance to appear prior to Congress– if he didnt he faced possible fines or arrest in which authorities wouldve by force taken him to appear at the hearing.The inquiry was launched in June to investigate supposed crypto pyramid schemes and is being performed by Brazils lower home, the Chamber of Deputies.Its investigating a total of 11 business alleged by the nations Securities and Exchange Commission to have actually incorrectly promised high returns utilizing crypto.Magazine: Tornado Cash 2.0– The race to construct safe and legal coin mixers
