Marcelo Lara
Associated companies: 18K Ronaldinho
78Scam score
$69.8MDocumented losses
150Reported victims
Profile
Marcelo Lara was the founder and president of 18K Ronaldinho, a company that initially operated as a luxury watch business before transforming into a cryptocurrency Ponzi scheme. His fraudulent operation resulted in nearly $70 million in losses affecting 150 investors before ultimately collapsing and leading to lawsuits.
Timeline
- 2020Founded 18K Ronaldinho as luxury watch business
- 2021Transitioned company into cryptocurrency Ponzi scheme
- 202318K Ronaldinho Ponzi scheme collapsed
- 2023Investors filed lawsuits seeking recovery of $69.8 million in losses
Frequently Asked Questions
- Who is Marcelo Lara?
- Marcelo Lara was the founder and president of 18K Ronaldinho, a company that initially operated as a luxury watch business before transforming into a cryptocurrency Ponzi scheme. His fraudulent operation resulted in nearly $70 million in losses affecting 150 investors before ultimately collapsing and leading to lawsuits.
- What is Marcelo Lara's fraud risk rating?
- Marcelo Lara has a scam score of 78/100 (critical risk) based on open-source intelligence, regulatory records, and investigative reporting aggregated by ScamTelegraph.
- What companies is Marcelo Lara associated with?
- Marcelo Lara is associated with the following companies or entities: 18K Ronaldinho.
- How many investigations mention Marcelo Lara?
- ScamTelegraph has published 1 investigative article mentioning Marcelo Lara, including: 18K Ronaldinho Ponzi collapses, investors sue.