Kate Winslet Joins Scott Z. Burns' Feature FAKE! Based on True OneCoin Ponzi Scheme

Kate Winslet has joined the cast of the upcoming film, Fake!, from director Scott Z. Burns (The Report) that is based on a true story. Winslet and Burns are reteaming for the project, after she starred in the 2011 Steven Soderbergh-directed pandemic movie Contagion, which Burns wrote.

“Fake! is based on the book by Jen McAdam with Douglas Thompson, based on the true-life story of Jen McAdam and her involvement with the OneCoin Ponzi scheme.” McAdam is on board to executive-produce the film as well.

Here’s some background on OneCoin from Deadline:

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.

This sounds like an unbelievable story, and a great project for Winslet to be a part of. Are you intrigued by this story?