The story of the two Bulgarian siblings Roya and Konstantin Ignatova went around the world. They defrauded investors with an apparent cryptocurrency. Now even Hollywood is interested in a film adaptation of what is perhaps the greatest crypto scam in history.
Like deadlinereported on October 9, 2020, a film about the Ignatova’s crypto scam is in progress
The film called Fake! deals with the alleged crypto currency OneCoin, for which the siblings now have to answer for fraud in court. Although the case has not yet been closed, Scott Z. Burns has chosen to produce the film. Oscar winner Kate Winslet is also there. Burns and Winslet previously worked together on the political drama The Report , which deals with methods of torture resulting from 9/11.
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Douglas Thompson and Jen McAdam wrote an unpublished book about the OneCoin scam. McAdam, himself a victim of the pyramid scheme, takes part in the film as a producer. He invested in OneCoin and lost nearly $ 300,000 in the process. Many experts from the crypto industry and government agencies warned about OneCoin early on. McAdams founded a self-help group for victims of the billion-dollar fraud.
OneCoin participant sentenced to prison terms
In 2015 the crypto project OneCoin was founded by Ruja Ignatova and Sebastian Greenwood in Bulgaria. Although the project wasn’t even based on a blockchain, OneCoin was advertised as the new Bitcoin by the developers. In total, the program is said to have earned the developers approximately four billion US dollars.
After an arrest warrant against the self-proclaimed „Cryptoqueen“ was filed in 2017, she disappeared. Until today there is no trace of her. Greenwood, on the other hand, was caught and arrested in 2018. Less than a year later, brother Konstantin Ignatov was also arrested for money laundering and fraud. OneCoin attorney Mark S. Scott was also convicted in court. He was accused of using various bogus companies and offshore accounts to launder around $ 400 billion. BTC-ECHO already reported on the process.