{"id":53707,"date":"2023-08-27T21:11:03","date_gmt":"2023-08-28T01:11:03","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/ronaldinho-in-crypto-scam-hearing-no-show\/"},"modified":"2023-08-27T21:11:06","modified_gmt":"2023-08-28T01:11:06","slug":"ronaldinho-in-crypto-scam-hearing-no-show","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=53707","title":{"rendered":"Ronaldinho in \u2018Crypto Scam\u2019 Hearing No-show"},"content":{"rendered":"
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The Brazilian football (soccer) icon Ronaldinho has failed to show at a parliamentary hearing on crypto pyramids, and could face jail time if he refuses to attend another hearing later this month.<\/p>\n

Per Sport.es and Livecoins, the Brazilian Chamber of Deputies\u2019 Financial Pyramids Committee had summoned the former Barcelona star and Brazilian nation team player on Thursday August 24.<\/p>\n

But Ronaldinho failed to appear at the hearing, drawing the ire of the lawmakers who issued him with a summons.<\/p>\n

The commission\u2019s president Aureo Ribeiro MP responded by stating that if Ronaldinho fails to attend another hearing, he would ask a court to issue a special warrant that would allow police officers to \u201cforcefully\u201d bring the former football start to the chamber.<\/p>\n

MPs want to speak to Ronaldinho about his alleged involvement in the companies companies 18kRonaldinho and LBLV.<\/p>\n

In particular, lawmakers want to know exactly what the ex-Brazil international has to do with 18kRonaldinho.<\/p>\n

They believe the company lured investors to use an alleged scam platform.<\/p>\n

The platform operators invited crypto holders to invest a minimum of $30 worth of crypto, and promised them gains of 2% or more per day on their stakes.<\/p>\n

Lawmakers believe that the firm was originally a \u201cwatch and jewellery trader,\u201d and think that Ronaldinho\u2019s role may have been \u201cambassadorial.\u201d<\/p>\n

But lawmakers want to know if the football star gave the company permission to use his name, as well as his image in advertising materials.<\/p>\n

Ronaldinho\u2019s \u2018Crypto Scam\u2019 Hearing No-show: Why Was Football Star Summoned?<\/h2>\n

Ronaldinho\u2019s brother, Roberto de Assis Moreira, attended the hearing and reportedly \u201cspoke a little to the MPs about the two companies.\u201d<\/p>\n

The star\u2019s sibling told the lawmakers that Ronaldinho has been collaborating with the investigations into the two companies, and that he had \u201calready provided clarification\u201d to the nation\u2019s Public Ministry.<\/p>\n

But this did not seem to appease the MPs, who insisted they wanted Ronaldinho to attend a committee hearing and make a \u201cstatement\u201d in person.<\/p>\n

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Lawmakers were alerted by a complaint lodged against 18kRonaldinho by disgruntled investors.<\/p>\n

The investors have launched a civil lawsuit against the company, claiming they have collectively been left some $61 million out of pocket.<\/p>\n

Ronaldinho\u2019s lawyers have countered that the ex-footballer was also a \u201cvictim,\u201d and that he had never given the company permission to use his name or image.<\/p>\n

The ex-Barcelona star last year launched a cryptoasset named RON, in conjunction with the crypto firm P00LS.<\/p>\n

Brazilian footballers have had mixed results when turning their hand to crypto in recent years.<\/p>\n

Last year, a number of unnamed pros were thought to have invested money and coins in a $769 million \u201ccrypto pyramid.\u201d<\/p>\n

And earlier this year, two pros began legal proceedings after investing in an alleged \u201ccrypto scam,\u201d reportedly on the advice of a company run by a third player.<\/p>\n<\/p><\/div>\n