Football player Ronaldinho faces arrest because of advertising a crypto pyramid
Date: 2023-08-28 Author: Karina Ziganova Categories: BUSINESS, IN WORLD
The famous football player Ronaldinho ignored the subpoena and did not appear before the Brazilian Congress in the 18kRonaldinho crypto-pyramid case. This is reported by the local edition of Globo.
According to him, on August 24, the athlete was supposed to appear in court for hearings, but ignored them. The last opportunity to explain is August 31. According to MP Ricardo Silva, after that, Ronaldinho faces arrest.
The player explained his failure to appear in court by weather conditions, which allegedly did not allow him to fly. At the same time, he noted that he does not consider himself guilty of organizing a cryptocurrency pyramid. According to the lawyers of the football player, he represented the brand of jewelry and watches. At least that's what the agreement said.
Moreover, lawyers note that the organizers of the fraudulent scheme illegally used the identity of the football player to promote their services. However, they did not specify why, in this case, Ronaldinho avoids testifying.
What is known about the pyramid 18kRonaldinho
Cryptocurrency pyramid 18kRonaldinho began its activity in 2019, guaranteeing customers a profit of 0.99% to 2% on investments in cryptocurrency. To start earning, it was required to invest at least $30.
The company ceased operations in 2020. This came shortly after the Institute for Consumer Protection (IDEC) sued the organizers of the scheme in a class-action lawsuit for 300 million reais ($61.2 million). One of the defendants was Ronaldinho, who was an ambassador for a fraudulent firm.
EthereumMax user lawsuit
Another lawsuit with world stars took place last year. Investors in the EthereumMax cryptocurrency platform are suing Kim Kardashian, boxer Floyd Mayweather Jr. and others for their role in promoting the project.
However, the celebrities won the case: the court considered that the investors could not prove that they were being misled. So, they didn't indicate if they saw the promotions and when.
