Football great Ronaldinho reportedly denies involvement in an alleged major crypto scam after failing to appear at two court hearings.

“It is not true I am the founder and controlling partner of 18K Ronaldinho,” he reportedly stated.

Ronaldinho Claims To Have Fallen Victim To The Pyramid Scheme

According to recent reports, Ronaldinho has denied any participation in an alleged crypto pyramid scheme, which scammed victims out of approximately $61 million.

During a court hearing in Brazil on August 31, Ronaldinho also refuted any association with 18K Ronaldinho, the company facing these allegations of duping crypto investors by offering unrealistic return on investment promises.

Ronaldinho claims he knew the company was utilizing his name but refrained from pursuing legal action. He further alleges that he was personally a victim of their scam. However, specific details as to the amount lost remain scarce.

The report reveals that he refused to answer numerous questions throughout the hearing, exercising his right to remain silent.

After not attending two previous hearings, he received a warning that failing to appear in court again would result in police taking action against him.

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Author: Ciaran Lyons

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