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Ronaldinho evades testifying in crypto scam investigation and risks arrest in Brazil.

Ronaldinho Gaúcho, the Brazilian soccer star, may face potential detention by authorities as part of a crypto fraud investigation in Brazil.

Local media reports indicate that Ronaldinho did not attend a congressional hearing on August 24,

related to a pyramid scheme probe involving one of his companies.

Despite citing adverse weather conditions as the reason for his absence and ignoring a subpoena for the second time,

Ronaldinho is expected to have another opportunity to testify on August 31,

as stated by congressman Aureo Ribeiro.

Failure to appear may result in law enforcement officials taking him before the committee.

Brazilian law mandates that witnesses who receive a subpoena must fulfill a legal obligation to appear before Congress.

Failure to comply with a subpoena may lead to fines and potential enforcement by the police to ensure their appearance.

The focus of the investigation centers around Ronaldinho’s enterprise known as ’18kRonaldinho’.

Accusers claim that the company promised clients daily returns exceeding 2% through cryptocurrency investments.

A lawsuit seeks over $61 million in damages from the company for its failure to deliver the promised profits.

This legal action is now part of a wider investigation into cryptocurrency fraud in Brazil.

Ronaldinho’s legal team asserts that he had no involvement in the alleged scam but instead served as a mere “ambassador” for the company.

They argue that the company unlawfully exploited his image and name without proper authorization to deceive potential clients.

They claim that Ronaldinho himself is a victim in this case.

Additionally, Ronaldinho’s involvement in the cryptocurrency realm extends to a non-fungible token (NFT) collection,

which was launched in collaboration with INFLUXO in 2021.

In 2020, authorities arrested both Ronaldinho and his brother Roberto de Assis in Paraguay for entering the country with forged passports.

They spent more than 170 days in detention.

It is worth noting that Roberto de Assis, Ronaldinho’s brother, is also under investigation in connection with the ongoing crypto scam.

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