OnlyFans, the adult subscription company that has grown in popularity amid the pandemic, is said to be under investigation by the FBI, following numerous reports of money laundering, suspicious transactions and underage users.
According to various Suspicious Activity Reports (SARs) filed by banks in the United States and elsewhere, and originally published by Forensic News in March 2021, Leonid Radvinsky, the owner of OnlyFans and MFCXY Inc, which operates MyFreeCams, has been reported on countless occasions. on suspected suspicious transactions, as well as providing platforms for “minor children and other vulnerable persons [who] may be required to provide services.
Previously, OnlyFans CEO Tim Stokely revealed that the adult social media platform made $ 2 billion in revenue last year, with profits totaling more than $ 300 million. Despite these mind-boggling numbers, Radvinsky has for the most part managed to avoid the limelight. In contrast, US banks, as well as the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) have been aware of Radvinsky’s questionable business dealings for several years and have reported over $ 1 billion in potentially suspicious financial activity related to it. to his businesses.
Among the more blatantly suspicious activity found in SARs, a banking expert revealed to Forensic News that Radvinsky transferred millions of dollars between his accounts without providing an adequate explanation to the banks. This would have given the appearance of egg-laying, which is a practice used to hide the source of illegal activity and make it more difficult to track.
Then, in another round of SARs, the banks warned that Radvinsky’s other company, MFCXY, “Can operate in areas where minor children and other vulnerable people may be forced to provide services”. Although the banks did not describe specific cases of miners’ activity, they did point out that money was transferred to “high risk” regions, including Colombia, Romania, Poland, Bulgaria, Ukraine, Lithuania, the Philippines and Russia.
Now, according to Forensic News reporter Scott Stedman, all of these previously reported allegations have caught the attention of the FBI, which is said to have launched a “sprawling” investigation into the financial activity of OnlyFans and its owner.
Information for this briefing was found via Forensic News. The author has no title or affiliation related to this organization. Not a buy or sell recommendation. Always do additional research and consult a professional before purchasing a title. The author does not hold any license.