Paxum loans Trump Media $2m
 

It seems Paxum bank, registered in Dominica, is partly owned by someone with connections to Vlad Putin. They loaned a lot of money to bail out Truth Social. It gets very murky and opaque according to The Guardian. Anyone heard of this?

But the financing, which came in the form of a $2m loan from an entity called Paxum Bank registered in Dominica in December 2021 and a $6m loan from an entity called ES Family Trust in February 2022, had been arranged in a hurry and Trump Media knew next to nothing about the emergency lenders.

The executives had good reason to be concerned: a subsequent examination revealed that the trustee of ES Family Trust was simultaneously a director of Paxum Bank, and one of the part-owners of the bank would turn out to be the relation of an ally of the Russian president, Vladimir Putin.

And, months after Trump Media came under criminal investigation for the merger by the US attorney’s office for the southern district of New York, federal prosecutors started to examine whether the company violated money-laundering statutes over the payments, the Guardian revealed on Wednesday.

Paxum is the best payment solution in adult biz!

God damn, really grasping at straws.

A relation to an ally of Putin. Fuck, I might have some distant cousin that is an ally of Putin as well.

Or it might just be a nominee director and have nothing to do with anything, because the same nominee was used for both companies...

Never used Paxum. I learned my lesson with ePassporte. Happy to have never been a part of the Paxum crying before, and even happier to continue not being a part of the Paxum crying now.

The concern here, if you read on, is money laundering.

So Ruth is a Mob Capo! Go Girl!

Another Paxum success story.

:2 cents:

I just opened up a Paxum account after reading this :thumbsup

I hope it works for you.

I've never been one for conspiracies, but somehow this attack on Paxum comes at a time when various pseudo-moralists are attacking anything they believe "Christ disapproved of". This whole Paxum-Trump-Putin connection, the money laundering… it all seems too contrived. Of course, we can't know what Paxum really did, but mentioning them in an article about Trump is kind of biased.

Not only biased, but as konrad said, really grasping for straws. Some of those same people find joy at harming Russians, including children, because they were born in a land where Putin rules. :disgust

i hope hes able to payback the loan..

He never pays. Think of this a donation.

what is whiffle up to now? Always bitching about other people's business!

there's a large number of members who dont want to read this politics bullshit. peasants arguing about who gets more rice. i dont get how people can argue about the same shit day after day. its your right to do so, but i request that you put anything with politics keywords in the title in the Politics section. :drinkup

keep the crazies in their cage! :helpme:1orglaugh

:angrysoap

#

w/e bank paxum is attached to is Chinese

paxum is a bank?

Paxum works for me and it serves me well.. don't care if Justine Beiber owns it.

i don't think they are related... i saw it's owned by someone in russia

Oh yeah, got this in a email a few weeks ago with the title "Paxum.com news":

Still got my EFT transfer as normal last Friday, login is the same also and nothing seems to have changed.

so they sold the damn company. that explains the reps vanishing... i think :Oh crap if you look on forbes it's on there.

High risk bank giving high risk loan, nothing unusual .

Wrong section of the board . . .

Should we stop drinking Vodka now because it's related to alcohol?

Just got an email from Grooby Bucks saying they have stopped using Paxum and I have to change payment method. Also said that other sponsors are doing the same.

:1orglaugh:1orglaugh:1orglaugh

Maybe he'll resume with paydek.com

:helpme :helpme . . .

I'm a affiliate and get their emails often and got no email stating this.:2 cents:

this :thumbsup:thumbsup:thumbsup:thumbsup

Yep, fuck Paxum haters :321GFY

hahaha no doubt, but I think trump is a shoe in for you guys and hopefully true, but yuck:1orglaugh

This is an interesting situation. On one level, you have a worldwide banking crisis that affects all banks and people are withdrawing their funds. That can happen and it's a financial decision.

In this case, I think many will look at this as an ethical and moral decision as well considering what the loan was for and where the money might have originated.

Everyone has a right to "vote" with their money. Paxum, I am sure, would have considered the collateral fallout from this move and factored it into their business plan.

Are you kidding me? Justin Bieber owns Paxum? Goddamn Canadians, they're everywhere these days.

We were advised by our attorney and accountant 15 years ago when EPassport and Paxum started never to use these types of services for paying anyone as they are ripe for investigation for money laundering and if anything bad happened, we could be included in any RICO prosecution as a co-conspirator.

We only use ACH, Bank Wires, Paypal and domestic checks and it works like a charm once you get an affiliate aware of why you only do that mentioned above.

This is the email I received :

I would love to hear from a Paxum rep to hear their side of this story.

Looks like Paxum is back to Groobybucks already.

For us it is business as usual, everything is operational, all is good with our regulator and banking partners. It's basically non-news. We are exploring an option to legally go after the Guardian in the near future (the Guardian was the originator of this story).

If anyone has any questions or concerns, we're available, email us! :thumbsup