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Kate Winslet Joins Cast Of OneCoin Crypto Scam Movie

Kate Winslet. Supply: Wikipedia/Andrea Raffin

British star actress Kate Winslet has reportedly joined the solid of Faux!, a brand new movement image in improvement that’s to retell the story behind the OneCoin crypto ponzi scheme that scammed traders worldwide out of billions of {dollars}.

Directed and written by Scott Z. Burns, who authored the screenplay for The Laundromat, the 2019 movie on the Panama Papers scandal, amongst others, the forthcoming image is to be based mostly on the but unreleased ebook by Jen McAdam and Douglas Thompson which relies on McAdam’s true-life story of her involvement within the scheme, as reported by Deadline.

McAdam was one of many ponzi scheme’s victims, and she or he arrange a assist group for these scammed by the scamcoin. Collectively along with her family and friends members, she invested about USD 300,000 within the faux cryptocurrency arrange by Bulgaria-based offshore companies OneCoin Ltd and OneLife Community Ltd which have been registered in Dubai and Belize, respectively.

Beneath the OneCoin rip-off, traders worldwide have been promised assured returns as excessive as 300% for investing bitcoin (BTC) or US {dollars} with a Nevada-based outfit.

Estimates of the losses generated by the worldwide ponzi scheme differ. US prosecutors alleged OneCoin may rip-off traders internationally out of USD 4bn. Final 12 months, Fortune journal speculated that OneCoin might have raked in additional than the USD 19.4bn Bernie Maddoff amassed from his victims till 2008.

The image ought to be launched by Metro-Goldwyn-Mayer, and Winslet may also function considered one of its producers. The Oscar-winning actress rose to worldwide prominence following her function in James Cameron’s 1997 blockbuster Titanic the place she starred together with Leonardo DiCaprio. Burns and Winslet beforehand collaborated on the 2011 film Contagion, directed by Steven Soderbergh, during which she starred.

In the meantime, US enterprise capital agency Andreessen Horowitz not too long ago launched a documentary film, title Crypto Startup College, which follows seven individuals of the corporate’s bootcamp:

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