Indeed, Kate Winslet, Oscar winner and remembered for the movie Titanic, has signed on to star in and produce “Fake!” A OneCoin movie, based on an unpublished book, by Jen McAdam and Douglas Thompson.
Currently the book is being purchased from publishers. For this year’s Frankfurt Book Fair.
Fake !, the OneCoin movie, is based on the real life story of Jen McAdam. And his participation in the OneCoin ponzi scheme. In addition, it is a project that Metro Goldwyn Mayer (MGM), has acquired for the production company Jennifer Todd.
The OneCoin Movie
Precisely, Scott Z. Burns, will write, direct, and produce it with Todd, along with Kate Winslet. For his part, McAdam will be the executive producer of the film.
In fact, Scott Z. Burns directed The Report, a political drama based on the CIA’s post-9/11 torture report. He also wrote Contagion, the 2011 pandemic film, which starred Kate Winslet.
The Ponzi scheme
OneCoin was founded in 2014 in Sofia, Bulgaria, by Ruja Ignatova, also known as “Crypto Queen.” In union with Sebastián Greenwood.
Mainly, it followed the typical structure of a multi-level marketing scheme, but with a cryptocurrency twist.
Basically OneCoin is a Ponzi scheme promoted as a cryptocurrency. By the offshore companies based in Bulgaria, OneCoin Ltd (registered in Dubai) and OneLife Network Ltd (registered in Belize).
Specifically, Ruja Ignatova promised that OneCoin was the next Bitcoin. Although it was not backed by a Blockchain or a network.
The judicial drama
In short, on May 7 Ignatova was charged with wire fraud, securities fraud and money laundering. But she has not been seen since 2017. Since a secret warrant from the United States was presented for her arrest.
Similarly, his brother Konstantin Ignatova, a OneCoin executive, was indicted on the same charges in March. Since then he has agreed to testify against his sister.
In general, the majority of OneCoin leaders have now disappeared or been arrested. Indeed, Sebastián Greenwood was arrested in 2018, as was Konstantin Ignatova in March 2019. He pleaded guilty to the charges of money laundering and fraud.
It should be noted that Jen McAdam founded a support group for those affected. Indeed, McAdam, along with his friends and family, invested and lost more than $ 300,000 before learning that his server was not a Blockchain. Therefore, it could not create cryptocurrencies.
Finally, Fake! It is not the first work inspired by the OneCoin scheme. Also, a television program based on the British Broadcasting Corporation (BBC) podcast on Ignatova is in development.
In short, we will soon see OneCoin’s court drama on the big screen.
I say goodbye with this phrase from John Ruskin: “A gentleman does not dishonor himself by becoming a craftsman or a laborer. But he disgraces himself by becoming a crook or con man”.