In a shocking development, Brazilian football legend and 2002 World Cup winner Ronaldinho has denied any involvement in a controversial cryptocurrency pyramid scheme that has allegedly swindled investors out of roughly $18,000. In a statement released shortly after news of the scheme surfaced, Ronaldinho strongly denied any connection to the fraudulent digital asset network. This article will provide a closer look into Ronaldinho’s alleged involvement in the scam and the facts currently available.

1. Ronaldinho Dodges Involvement in Alleged 18k Crypto Pyramid Scheme

Accusations

Brazilian former soccer star Ronaldinho was accused of being linked to a 18,000-strong pyramid scheme – it promised beneficiaries a return of up to 12 times their investment. The scheme, named so “Ronaldinho Soccer Coin”, was widely marketed across social media sites and messaging apps. Ronaldinho denied involvement in the scheme and further noted he was not the investment advisor for the cryptocurrency, clarifying that he had been hired to “promote” the project.

Victim’s Story

Lucas Wilchen Paiva, one of several victims of the scheme, reported that he had invested approximately $7,000 in the project. He was informed by promoters that the investment was backed by Ronaldinho and that Ronaldinhos seal of approval was cause for the high returns. It was later revealed that the Ronaldinhos image was used without authorization. He went on to further state that he felt deceived by the promoters of the scheme as he had trusted their promises, expecting his investment would yield high returns.

2. Ronaldo de Assis Moreira Refutes Rumors of any Ties to Crypto-Based Fraud

On a recent interview with ESPN+, Brazilian professional footballer Ronaldo de Assis Moreira cleared the air on the long-running rumor that he is connected to crypto based fraud.

Claims of Zero Ties – Ronaldo explicitly stated that he is ‘not involved in any banking, investment or finance at all’. He claims to have no links to any crypto-based fraud in any way.
Third-Party Misrepresentation – The footballer believes that the rumors arose due to the misrepresentation of his name and image by fraudulent entities. He provided no further details regarding these purported institutions.

The footballer, popularly known as Ronaldinho, has been the subject of numerous rumors for a few months now. This was fuel to the public’s distrust of cryptocurrencies and their corresponding services – claims which Ronaldo now has refuted. He has requested that all those concerned give these rumors no more heed.

3. Investigation Continues into Alleged Investment Fraud Scheme Targeting Investors Worldwide

Federal and international investigators continue to investigate a massive international investment fraud scheme which reportedly targeted tens of thousands of online investors in over twenty countries. According to reports, the scheme utilizes high-pressure sales tactics to convince unsuspecting investors to purchase investments – reportedly including binary options, cryptocurrencies and other derivatives – that are in reality impossible to recover.

The Large-Scale Operation:

It is believed that the fraudulent investment scheme started as far back as 2011
The scheme operated under several different company names which were used to cover up the true identity of the investors
The majority of the victims to the scheme have been located in Europe, with many victims being retirees or elderly people

Authorities suspect that hundreds of millions of dollars were procured through the fraudulent scheme. Investigators have so far connected at least $140 million to the scheme, though they believe this number could rise as the investigation continues. Several of the alleged perpetrators are currently under investigation by regulatory organisations in multiple countries.

While there have been a number of accusations against the former soccer star, Ronaldinho has denied any involvement in the 18k crypto pyramid scheme. This is yet another case that highlights the importance of ensuring that one is dealing with a reputable source before investing in promising investment opportunities.