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Despite the lawsuit, Ronaldinho Gaúcho promotes on Instagram a forex company prohibited by the CVM

Cryptocurrency

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On Saturday (15), Ronaldinho Gaúcho published a video on social media where he promotes the broker LBLV, which was already the target of the CVM last year for attracting Brazilians to the Forex market. "We will train you to win," said the former player.

At the Twitter, He wrote:

“Do you want to take your investments to a new level? Become a shareholder of major brands with @lblvonline ! ”.

So far, the post has had 55 Retweets and 1,200 Likes.

On Instagram, the former national team player did the same. The video has already had about 700 thousand views. Detail in the post: “Paid partnership with lblvonline”.

Ronaldinho and LBLV

In July last year, the CVM ordered the LBLV's Forex activities to be suspended. At the time, Ronaldinho was already promoting the company.

According to information on the website, LBLV offers trading in foreign currencies, gold, indices, stocks and commodities.

At the time, the regulatory agency issued declaratory act 17.263 / 2019 after verifying that the company promoted “the irregular acquisition of customers to carry out derivative transactions in general and in the so-called Forex market (Foreign Exchange)”.

According to the CVM's General Superintendence of Market Relations and Intermediaries, fundraising was done at face-to-face events at the time, through pages on the Internet, including the LBLV website and social networks.

The agency then ordered the company to immediately suspend any public offering of investments. If it did not comply with the decision, the company would be fined R $ 1,000 per day.

CVM launched an alert website and it deals with Forex. This page shows that the CVM has not yet authorized any company to operate in the Forex business in Brazil.

Ronaldinho Gaúcho becomes defendant

Last week, Ronaldinho became a defendant in class action through association with the 18k financial pyramid, which bears his name ‘18K Ronaldinho’.

This is the second time in a short time that the ex-player is involved in a lawsuit against 18K.

At the beginning of the month, Gaúcho also became a defendant in a moral and material damages action in the amount of R $ 52.6 thousand, filed by a person from Paraná.

Until then – before these two processes, Ronaldinho Gaúcho had only been listed as a witness in the case of suspected bitcoin financial pyramid.

CVM and Forex

CVM launched an alert website and it deals with Forex. This page shows that the CVM has not yet authorized any company to operate in the Forex business in Brazil.


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