Onecoin has been described as “one of the biggest scams in history,” having allegedly raked in $4 billion worldwide. The cryptocurrency Ponzi scheme is promoted by Bulgaria-based offshore companies Onecoin Ltd. and Onelife Network Ltd., both of which were founded by Ruja Ignatova in collaboration with Sebastian Greenwood. Ignatova disappeared in 2017 and is still at large while Greenwood was arrested in 2018. Ruja’s brother, Konstantin Ignatov, pleaded guilty to charges of money laundering and fraud after he was arrested in March last year.
McAdam is a victim of Onecoin’s Ponzi scheme; she founded a support group for those affected by the scam. She, her family, and friends invested and lost almost $300,000. McAdam tweeted Saturday after the news of her upcoming movie broke, thanking author and broadcaster Douglas Thompson for helping her write Fake! She described her book as “A memoir book of my life and hell of a journey for justice in Onecoin fraudulent scam which is now also going to be featured in a Hollywood MGM movie. I am absolutely thrilled. So thankful.”