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A movie is being made about Onecoin’s cryptocurrency Ponzi scheme starring Oscar winner Kate Winslet. This Hollywood MGM movie is based on a true story told by a victim of the cryptocurrency fraud scheme.
Oscar-winner Kate Winslet will be starring in an upcoming movie about the cryptocurrency Ponzi scheme Onecoin, according to Deadline publication which specializes in entertainment and Hollywood news.
The movie is called “Fake!” and it is based on the book by Jen McAdam and Douglas Thompson which tells the true-life story of McAdam’s involvement with the Onecoin Ponzi scheme. McAdam will executive produce the film.
Scott Z. Burns, who wrote Contagion, a movie about a pandemic that Winslet starred in, will write and direct the new film. He is also famed for his 2019 political drama called The Report, which is about idealistic Senate staffer Daniel J. Jones and his investigation into the CIA’s post 9/11 Detention and Interrogation Program. He also wrote and produced the Netflix movie The Laundromat about the Panama Papers. Burns will also co-produce Fake! with Jennifer Todd and Winslet for MGM Studios.
Winslet is a seven-time Oscar nominee who won Best Actress in 2009 for her role in The Reader. Her IMDB page shows 65 acting credits, including Titanic, Steve Jobs, the Divergent movies, The Holiday, and Sense and Sensibility. She is also teaming up with Titanic filmmaker James Cameron for Avatar 2.
Onecoin has been described as “one of the biggest scams in history,” having allegedly raked in $4 billion worldwide. The cryptocurrency Ponzi scheme is promoted by Bulgaria-based offshore companies Onecoin Ltd. and Onelife Network Ltd., both of which were founded by Ruja Ignatova in collaboration with Sebastian Greenwood. Ignatova disappeared in 2017 and is still at large while Greenwood was arrested in 2018. Ruja’s brother, Konstantin Ignatov, pleaded guilty to charges of money laundering and fraud after he was arrested in March last year.
McAdam is a victim of Onecoin’s Ponzi scheme; she founded a support group for those affected by the scam. She, her family, and friends invested and lost almost $300,000. McAdam tweeted Saturday after the news of her upcoming movie broke, thanking author and broadcaster Douglas Thompson for helping her write Fake! She described her book as “A memoir book of my life and hell of a journey for justice in Onecoin fraudulent scam which is now also going to be featured in a Hollywood MGM movie. I am absolutely thrilled. So thankful.”
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