World-renowned Brazilian football legend Ronaldinho denied all allegations of being involved in the $61 million cryptocurrency fraud incidents during yesterday’s congressional hearing.
A Pyramid Scheme Unveiled
According to a local news report, the globally acclaimed Brazilian footballer Ronaldinho refuted all claims that he was involved in a crypto scheme promising returns of up to 400% using his name and likeness. Investigations into the matter revealed that the program named “18K Ronaldinho” was, in fact, a pyramid scheme that promised significant profits in a short period.
Unauthorized Use of His Photos Stated
During the session held yesterday, Ronaldinho stated that he did not grant permission for his name and image to be used, emphasizing that he saw himself as a victim in this situation. Furthermore, he disclosed that in 2019, he had entered into an agreement with a watch company called “18K Watches” and that the photos taken as part of this agreement were used without authorization in these crypto-related fraudulent activities.
Additionally, during the hearing, Ronaldinho firmly denied the accusations and emphasized that he had no connection to the crypto fraud schemes and stood against such fraudulent activities.
Further Investigation Possible for Ronaldinho
According to the Brazilian media, Ronaldinho’s statement and testimony have raised doubts about the authenticity of the allegations. Based on Ronaldinho’s statements, there continues to be discussions about the need for further investigation into the cryptocurrency fraud allegations.