18K Ronaldinho has collapsed, leaving buyers unable to withdraw imaginary returns.
This has prompted a number of associates to launch authorized motion towards the Ponzi scheme, naming Ronaldinho Gaúcho as a defendant.
18K Ronaldinho popped up on BehindMLM’s radar late final yr. The corporate promised buyers as much as 0.99% a day on $30 to $12,000 investments.
Well-known Brazilian footballer Ronaldinho was initially named an Ambassador for the rip-off:
Shortly after our evaluate nevertheless, Ronaldinho claimed his likeness was getting used with out permission.
18K Ronalinho founder Marcelo Lara and prime recruiters Bruno Rodrigues Alcantara (proper), Raphael Horacio Nunes de Oliveira and Athos Trajano da Silva are additionally named defendants.
The lawsuit, filed by the Institute for Client Protection (IDEC) on behalf of round 150 victims, seeks R$300 million in damages ($69.8 million).
Whether or not this represents precise losses or promised returns that by no means existed is unclear.
Apparently, IDEC is representing 18K Ronaldinho victims from Brazil, the US, Portugal and Italy.
Though 18K Ronaldinho was primarily focused at Brazil, its proprietor Marcelo Lara is believed to be primarily based out of Florida.
Whether or not US authorities are investigating Lara and 18K Ronaldinho can also be unclear.
In keeping with a report by UOL, Lara maintains 18K Ronaldinho collapsed resulting from “fraud”.
(Lara) has promised to return the quantity invested in watches and shares of different corporations, however prospects say that, up to now, the guarantees haven’t come true.
Knockoff watches and shares in nugatory corporations. Oh goodie…