Even because the OneCoin Ponzi scheme makes its method by way of the courts, a film about it’s now in improvement with a Titanic lead star.
As reported by Deadline, Kate Winslet has signed on to star and produce Pretend!, a film primarily based on an unpublished e book by Jen McAdam and Douglas Thompson. McAdam, a sufferer of the OneCoin scheme, might be a producer on the movie.
Pretend! might be written and directed by Scott Z. Burns, who helmed The Report, a political drama primarily based on the CIA’s report on torture put up 9/11, and wrote the 2011 pandemic film Contagion, which additionally starred Winslet.
OneCoin was based in 2014 by Ruja Ignatova in Bulgaria. As Cointelegraph previously reported, OneCoin adopted the standard construction of a multilevel advertising scheme, however with a cryptocurrency twist. It promised OneCoin is the subsequent Bitcoin although it wasn’t backed by a blockchain or a community. Regardless of a number of warnings from crypto trade insiders and authorities businesses, OneCoin continued to be standard, fostering an ‘us vs. them’ mentality.
McAdam, who began a assist group for OneCoin victims, advised Cointelegraph she and her family and friends invested and misplaced over 250,000 euros ($298,800) earlier than she realized its server was not a blockchain and couldn’t create crypto.
Ignatova was charged with wire fraud, securities fraud, and cash laundering on Could 7, however she has not been seen since 2017. Her brother Konstantin Ignatova, an govt in OneCoin, was charged with the identical in March. He has since agreed to testify in opposition to his sister. Investors have sued OneCoin for fraud alleging losses of as much as $5 billion.
Pretend! is just not the primary paintings impressed by the OneCoin scheme. A TV show based on the British Broadcasting Company (BBC) podcast about Ignatova can also be in improvement.