Kate Winslet, the Oscar-winning Titanic actress, is set to star in and produce a movie about cryptocurrency Ponzi scheme OneCoin titled “Fake!” According to the Deadline report, the movie will be written and directed by Scott Z. Burns, who has worked on films such as The Report, a political thriller, and Contagion, a pandemic movie that also starred Winslet. The movie is based on the forthcoming book of the same name by Douglas Thompson and Jen McAdam, a victim of the OneCoin scheme. McAdam will executive produce the film.
Onecoin reportedly scammed $4.4 billion from people worldwide.
The OneCoin crypto scheme was launched in 2014 and was promoted as a bitcoin rival by founder Ruja Ignatova. In March 2019, the U.S. Justice Department charged Ignatova and the other leaders behind the scheme with wire fraud, securities fraud, and money laundering. OneCoin raised an estimated $4 billion worldwide before the scam was shut down in 2017. The main person behind the crypto scam Ignatova, disappeared at the time and hasn’t been seen since. Ruja Ignatova is still on the run from authorities.
Movie studio MGM has acquired rights for the movie for producer Jennifer Todd. Her filmography includes movies such as Alice In Wonderland, Alice Through the Looking Glass, Across the Universe, and Memento.
Cryptoqueen Ruja Ignatova is still on the run.
As reported earlier, the New York Southern District Court had postponed Konstantin Ignatov sentencing for three months at the U.S. government’s request. However, the face of OneCoin, who is known as the mastermind behind this major crypto scam, Ruja Ignatova, is still in hiding. Law enforcement agencies have failed to find her whereabouts. OneCoin worked as a multi-level marketing (MLM) network through which members receive commissions for recruiting others to invest in cryptocurrency packages.