The controversial biggest cryptocurrency fraud case in history “OneCoin”, hits MGM studios, starring Kate Winslet in the movie “Fake”, Based on the book written by one of his victims Jen McAdam, who along with Douglas Thompson, will be its executive producer, as reported Deadline.
OneCoin is a Ponzi scheme touted as a cryptocurrency with a private blockchain, which since 2014 has earned more than 4 billion dollars in profit for scam.
The motion picture will be written and directed by Scott Z. Burns, producer of the films “The Report” and “Contagion,” and will reveal how Jen McAdam was the subject of fraud after losing an investment of more than 250,000 euros ($ 298,800).
McAdam founded a support group for those affected and was also threatened by report before the media the pyramid scheme of OneCoin.
The film seeks to alert the audience to how ponzi schemes operate.
How was the OneCoin case?
OneCoin is a ponzi scheme, which operates under the modality of multi-level marketing, with a cryptocurrency not backed by the blockchain.
The company was founded in 2014 in Bulgaria by Ruja Ignatova, who has been missing since 2017, after receiving several complaints of wire fraud, securities fraud and money laundering this year, as well as her brother Konstantin Ignatova, who is accused for the same charges.
Sebastian Greenwood, one of the leaders of OneCoin, was arrested in 2018, as did Konstantin Ignatov in March 2019, who pleaded guilty to money laundering and fraud charges.
Currently the case has not been fully resolved and investigations continue in the courts from the US, while OneCoin still continues to operate in other countries and scam people, according to review Deadline.