#paxumbank — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #paxumbank, aggregated by home.social.
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AND
He changed his plea to #GUILTY
2 Brothers in #TrumpMedia #InsiderTrading Scheme Plead Guilty
Gerald & #MichaelShvartsman, who had originally pleaded not guilty to #securities #fraud charges, each pleaded guilty to one count of #SecuritiesFraud.
#Trump #criminal #law #NationalSecurity #Russia #PaxumBank #DWAC #MoneyLaundering #SEC #FDIC
https://www.nytimes.com/2024/04/03/business/trump-media-insider-trading-guilty.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=c-cb -
The current status of #ESFamilyTrust is also unknown. The trust’s address is listed as a residential home in Hollywood, #Florida. But, acc/to the property website Redfin, the 6-bedroom home appears to have been sold in Dec 2023.
The creation papers also contained something notable: a declaration that, if the original trustee –a #PaxumBank employee named Angel Pacheco– stepped down from the role, his successor would be… #MichaelShvartsman.
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In total, the doc showed that the trust transferred $4.8m to #Postolnikov’s acct….
The reason for the #ESFamilyTrust’s creation remains unknown. Aside from the #money that went to #TrumpMedia, the trust’s statements show the trust has directly invested money w/only two other companies: $10.8m to Eleven Ventures LLC, a #VC firm, & $1m to Wedbush Securities, a #wealth management firm.
#Trump #criminal #law #NationalSecurity #Russia #PaxumBank #DWAC
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…#Postolnikov has been under increasing scrutiny in the #criminal investigation into the #TrumpMedia merger. Most recently, he has been listed on #SearchWarrant #affidavits alongside several asscs – one of whom was #indicted last month for #MoneyLaundering on top of earlier #InsiderTrading charges.
…#ESFamilyTrust was established on 18 May 2021, creation papers show. Postolnikov’s “user” access to the acct was “verified” on 30 Nov 2021 by a #PaxumBank mgr in Dominica.
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#Postolnikov appears to have used the trust to #loan #money to help save #TrumpMedia – & #TruthSocial – because his bank itself could not furnish the loan.
Postolnikov, the nephew of #AleksandrSmirnov, an ally of the Russian president, Vladimir #Putin, has not been charged w/a #crime. In response to an email to Postolnikov seeking comment, a lawyer in Dominica representing #PaxumBank threatened legal action for reporting the contents of leaked docs.
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The new details are drawn from docs incl’g: #PaxumBank recs showing #Postolnikov having access to the trust’s acct, papers that created the trust showing as its settlor a lawyer in St Petersburg, #Russia, & 3 yrs of its #financial transactions.
The concern surrounding the #loans to #Trump Media is that #ESFamilyTrust may have been used to complete a transaction that Paxum itself could not.
Paxum DOES NOT OFFER LOANS in the #US as it lacks a US #BANKING #LICENSE & is not regulated by the #FDIC.
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Thru leaked docs, the Guardian has learned that #ESFamilyTrust operated like a #ShellCompany for a #Russian-American businessman named #AntonPostolnikov, who co-owns #PaxumBank & has been a subject of a yrs-long joint #federal #criminal investigation by the #FBI & #DHS into the #TrumpMedia merger.
The trust’s existence has previously been reported…. However, who controlled the acct, how the trust was connected to Paxum, & how the money had been funneled thru it to TrumpMedia was unknown.
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Trump Media saved in 2022 by Russian-American under criminal investigation
Last year The Guardian reported on $8 million loans made in 2022 to Trump Media that went through Paxum Bank from ES Family Trust run by Anton Postolnikov, nephew of Putin ally Aleksandr Smirnov
Today's story adds new info, including that loans had promissory notes that would put ES Family Trust stake in Trump Media at $20-$40mil
#Trump #TrumpMedia #Russia #PaxumBank #ESFamilyTrust #Postolnikov
https://www.theguardian.com/us-news/2024/apr/03/trump-media-es-family-trust-2022-loans