Kate Winslet has jumped on board Scott Z. Burn’s feature ‘Fake’ based on the OneCoin Scheme.

Based on the book by Jen McAdam with Douglas Thompson which is based on the true-life story of Jen McAdam and her involvement with the OneCoin Ponzi scheme. OneCoin was founded by Ruja Ignatova in concert with Sebastian Greenwood. According to reports, U.S. prosecutors alleged that the scheme raked in $4 billion worldwide. Ignatova disappeared in 2017 near the time a secret US warrant was filed for her arrest and was replaced by her brother, Konstantin Ignatov.

McAdam was a victim of OneCoin’s Ponzi scheme and she founded a support group for those affected. McAdam and her friends and family invested and lost close to $300K.

Also in news – Patty Jenkins and Gal Gadot to reunite for ‘Cleopatra’ feature

Burns will write and direct, and produce with Todd. Winslet will also produce.

Burns won rave reviews for his 2019 political drama The Report about idealistic Senate staffer Daniel J. Jones played by Adam Driver and his investigation into the CIA’s post 9/11 Detention and Interrogation Program.

Winslet can next be seen in Francis Lee’s ‘Ammonite’ which was selected by Cannes and Telluride and debuted at TIFF this year, it is also showing at the London Film Festival 2020. She is currently in production on HBO’s ‘Mare of Easttown’.