Ronaldinho denies crypto scam in congressional hearing

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Ronaldinho denies crypto scam in congressional hearing
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He told lawmakers his name and image were used without his consent for a pyramid scheme.

Former Brazilian football star Ronaldinho was charged in February 2020 after victims lodged a complaint.

The ex-Barcelona and Paris St Germain star, who won the 2002 World Cup with Brazil, told lawmakers his name and image had been used without his consent by 18K Ronaldinho, a firm accused of defrauding investors with false promises of returns of up to 400%. Wearing dark glasses and a black beret, he said he had signed a marketing contract in 2016 with a US company called 18K Watches.He told lawmakers he had learned his name was being used by the company but did not take legal action, saying he himself was a victim of the alleged scam.

He declined to answer many of their questions during the two-hour hearing, invoking the right to remain silent.

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