Kate Winslet to Star in and Produce ‘Fake!’ Movie About OneCoin Ponzi Scheme
Oscar winner Kate Winslet will be producing a film about the OneCoin Ponzi program entitled “Fake!”. for MGM according to a person with project knowledge. MGM purchased the property for producer Jennifer Todd as part of her first contract with the studio.
Scott Z. Burns will write and direct the project and produce with Todd. "Fake!" will recompose Winslett and Burns, the latter who wrote the script for "Contagion" in 2011, the pandemic thriller that also featured Winslett.
"Fake!" based on the upcoming eponymous book by Jen McAdam starring Douglas Thompson and tells the true story of McAdam and their involvement in the OneCoin Ponzi program. McAdam will also produce the film as executive producer.
Also Read: Kate Winslet, Priyanka Chopra-Jonas Join HBO Max's' 'A World Of Tranquility' As Narrator
According to Cointelegraph, OneCoin was founded in 2014 and the Bulgaria-based company followed the typical structure of a multi-tier marketing plan - albeit with a twist. There were no products or memberships to sell. Instead, there was a cryptocurrency that the promoters of OneCoin claimed was the next bitcoin. The Ponzi program had sales of around $ 4.4 billion, though some claim the program could have stolen up to $ 19.4 billion. McAdam was a victim of the fraud and she and her friends invested and lost nearly $ 300,000.
Winslet is being checked again by CAA and United Agents. Burns are repeated by UTA. McAdam is repeated by UTA and Rachel Mills on Rachel Mills Literary. Todd is again looked after by Michael Gendler from Gendler & Kelly.
Deadline first reported the news.
Read the original story by Kate Winslet to produce the film "Fake!" Through TheWrap's OneCoin Ponzi program
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