Brazil star Ronaldinho denies involvement in a cryptocurrency scheme that allegedly used his name and likeness

Odaily Planet Daily News According to local media reports, Brazilian star Ronaldinho has denied involvement in a so-called cryptocurrency scam that was named after him and used his likeness. Dubbed "18k Ronaldinho," the plan promises returns of up to 400% in less than a year. Ronaldinho testified Thursday before a legislative committee investigating the alleged Ponzi scheme, where he described himself as a victim while insisting he did not authorize the company to use his name and likeness . Ronaldinho said that he signed a contract with the "18K Watches" watch company in 2019, but did not authorize the photos taken for the company's publicity to be used for businesses related to cryptocurrencies. He also said he canceled his contract with the watch company in 2019. (The Block)