Former Football Legend Ronaldinho Accused of Operating Crypto Scam
Former football legend Ronaldinho has reportedly avoided attending a court hearing over allegations that his company operated a crypto scam. The prosecutor stated that Ronaldinho’s credibility and popularity encouraged thousands of people to invest in a fraud, causing damage to them.
Key Points:
- Ronaldinho allegedly missed his court hearing in Brazil due to bad weather, resulting in canceled flights.
- Ronaldinho, his brother Assis, and business partner Marcelo Lara were scheduled to testify before the Parliamentary Commission of Inquiry.
- The trio’s company, 18K Ronaldinho, is accused of operating a crypto scam in the form of a pyramid scheme, promising high daily returns based on cryptocurrency trading.
- Authorities suspect the company of being a financial pyramid due to its promises of high and fast payment returns.
- Ronaldinho’s fame will not provide any special privileges in the legal proceedings, according to the prosecutor.
Ronaldinho’s Involvement in Cryptocurrency
In July 2021, Ronaldinho launched a non-fungible token (NFT) collection in partnership with NFT creative studio INFLUXO. Bidders for the limited edition NFTs had to show proof of funds in their wallet. Some NFT holders had the opportunity to have an in-person experience with Ronaldinho in Dubai, including a round-trip ticket and a two-day stay.
Hot Take:
Ronaldinho’s alleged involvement in a crypto scam raises concerns about the risks associated with celebrity endorsements in the cryptocurrency industry. It serves as a reminder to investors to conduct thorough research and exercise caution when investing in crypto projects.
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