Get all your news in one place.
100's of premium titles.
One app.
Start reading
Glasgow Live
Glasgow Live
Entertainment
Stuart MacDonald

Kate Winslet to star as Glasgow woman who fell victim to cryptocurrency scam in new Hollywood movie

Kate Winslet is to star as a Glasgow woman who fell victim to a huge cryptocurrency scam in a new movie.

Jen McAdam lost around £9,000 to the OneCoin Ponzi scheme which has conned as much as £4billion from people across the globe.

The 50-year-old Glaswegian also convinced friends and family to invest around £220,000 in the scheme, before realising they wouldn't get their money back.

Jen has since campaigned for justice for investors who lost money and runs a support group for them.

And the rights to a book about her experience, called Fake!, have now been snapped up by film studio MGM.

They have announced Oscar-winner Winslet will take on the role of Miss McAdam and will also produce the movie.

Around 70,000 people in the UK are thought to have invested in Bulgaria-based OneCoin after they were promised astronomical returns.

The scheme's founder Dr Ruja Ignatova has disappeared and is facing money laundering charges.

Miss McAdam, who will work on the film as an executive producer, told of her delight that her story will be coming to the big screen.

She said: "I was given an opportunity to write my own memoir regarding my childhood, my own life's journey and my OneCoin journey as a victim of this heinous and cruel fake cryptocurrency fraud.

"When writing Fake! a Hollywood director Scott Z Burns and Hollywood producer Jennifer Todd said they were very much interested in my book and wanted to create it into a Hollywood feature movie featuring A list Hollywood actress Kate Winslet.

"I accepted the movie project which is also backed by MGM.

"I am delighted that Fake!, the story of my fight for justice for the victims of the world's biggest ever fraud, is to be a Hollywood movie.

"It means millions more will learn of the misery, hardship and deaths which have been caused by the OneCoin scam. Brushed off by authorities, I took on its founder and leader Ruja Ignatova.

"She's on the run, some of her leaders are on trial, but my fight won't be over until her millions of victims around the world see justice done."

The film will be directed by Scott Z Burns, who will also write the screenplay. He previously wrote the script for Hollywood movies The Bourne Ultimatum and Contagion.

Miss McAdam first invested in the cryptocurrency in 2016 after seeing a presentation online and encouraged her friends and relatives to do the same.

She was later contacted by cryptocurrency expert online who told her the scheme was a scam.

After receiving evasive replies when she raised her concerns with OneCoin, she became convinced she had been conned.

Miss McAdam's memoir is currently out on submission to publishers.

Her literary agent Rachel Mills, of RML, said: "Since meeting Jen, I have been inspired daily by her bravery, energy and indefatigable sense of justice, despite facing odds which would seem insurmountable to most of us.

"She was plunged into a world which seemed to come from a TV screen, but was all too terrifyingly, and heartbreakingly, real.

"The world needs to know what this incredible woman has achieved, and to acknowledge the victims of this horrible scam.

"I am so thrilled her memoir has been snapped up by such a Hollywood dream team."

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.