A SCOTTISH woman who was conned in an international cryptocurrency scam has announced she is spearheading a class action lawsuit to recover money for victims.
Jen McAdam, who is to be played by Kate Winslet in a new Hollywood movie, lost around £9,000 to the OneCoin Ponzi scheme which has defrauded up to £4 billion from people around the world.
She also persuaded family and friends to put in around £220,000, before realising they were not going to get the money back.
The 51-year-old, from Glasgow, has since become a campaigner for justice for investors who lost money and runs a support group for them.
She is now encouraging others to join the ‘OneCoin Victim Support Law and Asset Recovery Lawsuit’ which was officially launched earlier this month.
Miss McAdam has instructed lawyers and an asset recovery firm to investigate the Onecoin scheme and attempt to recoup money lost by its investors.
She said: “This is an amazing law and asset recovery opportunity that we have been focusing on for six years now.
“We now have in place a law and asset recovery team that are first class in their industry.
“They will be representing those who are interested in applying and joining the law and asset recovery lawsuit.
“Personally I am so thankful and grateful that we have such a wonderful law and asset recovery team by our side as we move forward for justice.
“I will be sharing Zoom meeting details in the New Year for all OneCoin Victim Group members who are interested to join the OneCoin Victim Law and Asset Recovery Lawsuit and meet the law and asset recovery team who will be representing us.
“As OneCoin victims we have the right legally to go after what has been fraudulently stolen from us and that is exactly what we are doing.”
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 a cryptocurrency expert online who told her the scheme was a scam.
I lost my life savings on crypto and even took out £30,000 loan to buy MORE… I’d be a millionaire if I’d just kept it
After receiving evasive replies when she raised her concerns with OneCoin, she became convinced she had been conned.
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.
FIGHT FOR JUSTICE
The rights to Miss McAdam’s book about her experience, called Fake!, were snapped up last year by film studio MGM with Oscar-winner Winslet set to portray her.
Miss McAdam, who will work on the film as an executive producer, has told of her delight that her story will be coming to the big screen.
She said: “I am delighted 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 that millions more will learn of the misery, hardship and deaths which have been caused by the OneCoin scam. Brushed off by the authorities, I took on its leader Ruja Ignatova.
“She’s on the run, some of her leaders are on trial, but my fight won’t be over until her victims around the world see justice done.”
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