Fraud and Scams

Coming Soon: Hollywood Film depicting the True To Life Story of a Crypto Ponzi Scam

A film is currently being produced about Onecoin’s cryptocurrency Ponzi scheme, which would start Oscar winner Kate Winslet. This Hollywood MGM film is based on a true story told by a victim of the cryptocurrency fraud scheme.

Based on Deadline publication, Oscar-winner Kate Winslet will be starring in a forthcoming film about the cryptocurrency Ponzi scheme Onecoin, concentrating in entertainment and Hollywood news.

The film’s title 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 characterized as “one of the biggest scams in history,” having purportedly 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 money laundering and fraud after being captured in March last year.

McAdam is a victim of Onecoin’s Ponzi scheme; she established 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 explained 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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