Former football legend Ronaldinho has reportedly avoided attending a court hearing over allegations that his company operated a crypto scam.
“After the breakup, the former player was involved in a pyramid and his image, given his credibility and popularity, encouraged thousands of people to invest in a fraud, which caused damage to them,” the prosecutor declared.
Promising High Returns Under Scrutiny
According to a recent local report, Ronaldinho allegedly could not attend a court hearing in Brazil due to bad weather. Consequently, airlines canceled flights to Porto Alegre, where authorities had scheduled the hearing.
The report states that Ronaldinho, his brother Assis, and business partner Marcelo Lara were to testify before the Parliamentary Commission of Inquiry. The allegations assert that the company owned by the trio, 18K Ronaldinho, operated a crypto scam in the form of a pyramid scheme.
The guaranteed high daily returns allegedly caught the attention of authorities:
“The company claimed to work with cryptocurrency trading and arbitration and promised its clients income of up to 2% per day, allegedly based on operations with digital currencies, which raised suspicions that it was a financial pyramid due to promises of high and fast payment returns.”
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Author: Ciaran Lyons
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