Ronaldinho Denies Connection to Cryptocurrency Pyramid Scheme
Football legend Ronaldinho testified before the Brazilian Congressional Committee on August 31 to deny any involvement in a $61 million cryptocurrency pyramid scheme. The scheme, operating under the name “18kRonaldinho,” promised daily returns of 2% on cryptocurrency investments but failed to deliver.
Main Key Points:
- Ronaldinho strongly denies connection to the cryptocurrency pyramid scheme.
- He missed two previous sessions before appearing before the Congressional Committee.
- Ronaldinho’s brother and business representative testified before the committee the previous week.
- He stated that his name was misused by the scheme and that he had signed a contract with a US company for watch marketing.
- Ronaldinho emphasized that he never authorized the use of his image for the sale of cryptocurrencies.
A Broader Trend:
Several celebrities and influencers have been associated with questionable cryptocurrency schemes. These cases often involve the promotion of NFTs or cryptocurrencies that fail to deliver on their promises. Influencers such as those from the FaZe e-sports clan and DJ Khaled have faced investigations related to fraudulent cryptocurrency schemes.
Hot Take:
This case involving Ronaldinho highlights the need for caution and due diligence when investing in the crypto space. It also serves as a reminder that celebrities and influencers should be held accountable for the products or schemes they endorse. Investors should always verify the legitimacy of any investment opportunity and not solely rely on endorsements or promises of high returns.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.