MGM has bought film rights to Fake! by Jen McAdam with Douglas Thompson, with actress Kate Winslet set to star as McAdam.
The memoir, represented by Rachel Mills at RML, is currently out on submission to publishers.
McAdam was a victim of the OneCoin crypto-currency Ponzi scheme which made over $4bn from people around the world. Fake! will be the story of her fighting back and campaigning for justice for herself, her family and friends and the people around the world who lost everything.
MGM acquired rights from Jason Richman at UTA on behalf of Rachel Mills at RML. Scott Burns is on board to direct.
Mills 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."
McAdam commented: "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."