- Ronaldinho, the renowned Brazilian football player, presented his defense during a congressional hearing on August 31 in response to accusations linking him to a cryptocurrency pyramid scheme called “18kRonaldinho,” which involved a sum of $61 million.
- The user’s text does not provide any information to rewrite in an academic manner. The investment plan made assurances to its clients regarding a daily return of 2% on their cryptocurrency deposits. Presently, the scheme is confronted with a legal action aimed at recuperating the substantial sum of $61 million in damages.
- The user’s text does not provide any information to rewrite in an academic manner. Ronaldinho categorically refuted any involvement in a collaboration with the organization, asserting that his name and image were utilized without proper license.
- The user’s text does not provide any information to rewrite in an academic manner. The individual claimed that in July 2019, they entered into a marketing agreement with a subsidiary of the organization known as “18K Watches.” However, this contract was concluded in October of the same year and was not connected to any cryptocurrency endeavors.
- The user’s text does not contain any information to rewrite. During the legal proceedings, visual representations extracted from the marketing materials of 18kRonaldinho, which prominently featured the renowned football player Ronaldinho, were submitted as substantiating exhibits.
- The user’s text does not provide any information to rewrite in an academic manner. When questioned about the potential reimbursement of investors or the ongoing $61 million lawsuit, Ronaldinho opted not to provide a response.
- The user’s text does not provide any information to rewrite in an academic manner. Before this session, Ronaldinho had failed to attend two scheduled hearings before the congressional committee, attributing his absence to unfavorable weather circumstances.
- The user’s text does not contain any information to rewrite in an academic manner. The ongoing congressional inquiry, which was commenced in June, is now examining eleven companies that have been charged by the Brazilian Securities and Exchange Commission (CVM) of making fraudulent claims regarding the potential for substantial returns through the usage of digital currencies.
- The user’s text does not provide any information to rewrite in an academic manner. The instance involving “18kRonaldinho” is indicative of a broader pattern observed in Brazil, wherein fraudulent activities related to cryptocurrencies have been directed against individuals who are unaware of the schemes.
- The user’s text does not provide any information to be rewritten in an academic manner. Several Brazilian soccer players have also been targeted by comparable fraudulent schemes, resulting in substantial financial losses as a result of their involvement with cryptocurrency organizations that guarantee lucrative returns.
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