Issues are set to get awkward over at 18K Ronaldinho, following the announcement it’s namesake, Ronaldinho Gaúcho, has reduce ties with the corporate.
18K Ronaldinho began off as a watch firm, run by proprietor Marcelo Lara and having a partnership with former footballer Ronaldinho Gaúcho.
The watch facet of the enterprise collapsed, prompting Lara to reboot the corporate as a cryptocurrency Ponzi scheme.
Lara continued to make use of Gaúcho’s title and likeness to advertise the corporate, purportedly with out his permission.
When approached by UOL final Friday, Gaúcho’s lawyer acknowledged he’d terminated his 18K Ronaldinho contract “two weeks in the past”.
18K Ronaldinho and Marcelo Lara wouldn’t affirm or deny the declare.
In accordance with his lawyer, Gaúcho ‘by no means approved his title to be concerned in operations with Bitcoins‘.
How a lot he did or didn’t know and when or when he didn’t reduce ties with 18K Ronaldinho may show necessary for Gaúcho.
Federal Prosecutors and the Brazilian SEC have every been investigating the 18K Ronaldinho for fraud.
Prosecutors are nonetheless investigating shopper complaints. The SEC has moved ahead with a lawsuit in opposition to the corporate.
When requested about their enterprise mannequin, 18K Ronaldinho denied operating an funding scheme.
(18K Ronaldinho) stated its predominant enterprise is promoting merchandise akin to watches, coffees and jewellery.
As per our revealed 18K Ronaldinho assessment, that is clearly a false assertion.
On the time of publication 18K Ronaldinho’s web site nonetheless prominently options Ronaldinho Gaúcho in its advertising.
Gaúcho’s legal professionals have threatened to sue the corporate if his likeness just isn’t eliminated.