Kate Winslet To Star In Movie Based On OneCoin Ponzi Scheme

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TITANIC, Kate Winslet, 1997. TM & Copyright ©20th Century Fox Film Corp. All rights reserved./Courtesy Everett Collection

According to fresh reports in deadline.com, Oscar winning actor Kate Winslet is set to star in a movie, which is based on the true-life story of Jen McAdam and her involvement with the OneCoin Ponzi scheme.

The movie will be title ‘Fake’ and is based on the book by Jen McAdam with Douglas Thompson. The book is currently being shopped around to publishers for this year’s Frankfurt Book Fair. McAdam will executive produce the movie, according to the report.

OneCoin was promoted as a cryptocurrency by Bulgaria-based offshore companies OneCoin Ltd (registered in Dubai) and OneLife Network Ltd (registered in Belize), both founded by Ruja Ignatova in concert with Sebastian Greenwood.

According to reports, U.S. prosecutors allgeged that the scheme rake in $4 billion worldwide. Ignatova disappeared in 2017 near the time a secret US warrant was filed for her arrest and was replaced by her brother, Konstantin Ignatov.

Most of OneCoin’s leaders have now disappeared or been arrested, thought Ruja Ignatova is still at large. Greenwood was arrested in 2018, as was Konstantin Ignatov in March 2019, who pleaded guilty to charges of money laundering and fraud.

McAdam was a victim of OneCoin’s Ponzi scheme and she founded a support group for those affected. McAdam and her friends and family invested and lost close to $300K.