Kate Winslet to star in OneCoin Ponzi Scheme Movie “Fake!”

Kate Winslet is making a comeback with her newest crypto-themed movie "Fake!" based on OneCoin's Ponzi Scheme, directed by Scott Z. Burns.

By · Oct 10, 2020 . 5min read

Kate Winslet Movie Fake latest news
Source : AP/Press Association Images

Oscar-winner Kate Winslet is coming back into the tech world with her recent crypto-based movie on OneCoin’s Ponzi Scheme. After playing the role of Joanna Hoffman, an Apple executive in the 2015 film “Steve Jobs,” Kate Winslet will presently play a scapegoat of OneCoin’s historic Ponzi scheme in her latest movie “Fake!.” Scott Z. Burns will write and direct the movie.

The movie inspires by the forthcoming book by Jen McAdam and Douglas Thompson. It is a real-life story on McAdam’s family association with the crypto scam. Moreover, the academy award-winner will execute Jen McAdam in the movie Fake. Jen will be the executive producer for the film adaptation as well. 

The movie FAKE to revolve around Jen McAdam?

The OneCoin Ponzi scheme profited a huge revenue of proximately $4.4 billion, while others even alleged that the scheme could have seized up to $19.4 billion. McAdam was a victim of the scam where she and her friends invested and squandered approximately $300k.

When McAdam funded in the disappearance of Onecoin’s leader, Dr Ruja Ignatova, on a podcast called “The Missing Cryptoqueen,” she suffered death threats and even sexual attack threats from the members of OneCoin. Additionally, during that time, Jen couldn’t understand that OneCoin was such a massive scam.

What exactly is OneCoin Ponzi scheme?

OneCoin was a company with a common structure of a multilevel marketing scheme. It did not allow trading of products or memberships to its investors. OneCoin was touted as a cryptocurrency by Bulgaria-based offshore companies OneCoin Ltd (registered in Dubai) and OneLife Network Ltd (registered in Belize). Dr Ruja Ignatova was the public appearance for OneCoin.

According to reports, U.S. prosecutors claimed that the scheme raked in $4 billion globally. Ignatova disappeared in 2017. It was when a confidential U.S. warrant was filed for her detainment. Greenwood faced detainment in 2018, as was Konstantin Ignatov in March 2019. Moreover, she was guilty of money laundering and fraud.

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