The OneCoin film, starring Oscar winner Kate Winslet, will be coming soon. Based on a book by McAdam and Thompson.
Indeed, Kate Winslet, Oscar winner and remembered for the film Titanic, has signed up to star in and produce “Fake! A OneCoin film, based on an unpublished book by Jen McAdam and Douglas Thompson.
The book is currently being purchased from publishers. For this year’s Frankfurt Book Fair.
Fake! the OneCoin film, is based on the real life story of Jen McAdam. And her participation in the OneCoin ponzi scheme. It is also a project that Metro Goldwyn Mayer (MGM) has acquired for the production company Jennifer Todd.
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The OneCoin film
Scott Z. Burns will write, direct, and produce Bitcoin Era it with Todd, along with Kate Winslet. 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 Contagiousness, 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”. Together with Sebastian Greenwood.
It mainly followed the typical structure of a multi-level marketing scheme, but with a touch of cryptomonry.
Basically, OneCoin is a Ponzi scheme promoted as cryptomoney. By the offshore companies based in Bulgaria, OneCoin Ltd (registered in Dubai) and OneLife Network Ltd (registered in Belize).
In particular, Ruja Ignatova promised that OneCoin was the next Bitcoin. Although it was not backed by a Blockchain or a network.
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The judicial drama
In short, on 7 May Ignatova was accused of electronic fraud, securities fraud and money laundering. But she has not been seen since 2017. Since a secret U.S. warrant was issued for her arrest.
Similarly, her brother Konstantin Ignatova, an executive with OneCoin, was charged with the same charges in March. He has since agreed to testify against his sister.
In general, most of the OneCoin leaders have now disappeared or been arrested. Indeed, Sebastian Greenwood was arrested in 2018, as was Konstantin Ignatova in March 2019. He pleaded guilty to money laundering and fraud charges.
Notably, Jen McAdam founded a support group for those affected. Indeed, McAdam, along with her friends and family, invested and lost over $300,000 before she learned that her server was not a Blockchain. Therefore, he could not create crypto-money.