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Uncovering the Paxum Bank Behind Trump Media’s $8m Russian-Tied Loan

Federal prosecutors in New York have been investigating whether Donald Trump’s media company violated money laundering statutes by receiving $8 million suspected to have ties to Russia. The inquiry has delayed the potential merger of Trump Media’s Truth Social platform with a blank check company, Digital World (DWAC). This merger would have provided the company with up to $1.3 billion in capital and a stock market listing.

The first $2 million payment to Trump Media arrived in December 2021 from Paxum Bank in the Caribbean. The wire transfer identified Paxum Bank as the beneficial owner, but the promissory note identified an entity called ES Family Trust as the lender. Two months later, ES Family Trust received an unexpected second $6 million payment.


Angel Pacheco, the trustee of ES Family Trust, was simultaneously a director of Paxum Bank. The possible Russian connection being examined by prosecutors centers on Anton Postolnikov, a relation of Putin ally Aleksandr Smirnov. Smirnov held various roles in the Russian government, including Russia’s first deputy minister of justice until 2014.

The opaque nature of the two loans caused alarm in Trump Media. In the spring of 2022, Trump Media’s then-chief financial officer Phillip Juhan weighed returning the money, but it was never returned. The two payments ostensibly came from two separate entities, Paxum Bank and ES Family Trust. The money was wired through Paxum Bank, which has a history of providing banking services for the pornography and sex worker industries.

Trump Media’s since-ousted co-founder turned whistleblower Will Wilkerson alerted the US attorney’s office for the southern district of New York to the payments on 23 October 2022. It is unclear whether Trump, who was the chairman of Trump Media at the time, was aware of the opaque nature of the two loans.

The extent of the exposure for Trump Media and its officers for money laundering remains unclear. Prosecutors need to show that the defendants knew the money was the proceeds of some form of unlawful activity and the transaction was designed to conceal its source. However, the optics of borrowing money from potentially unsavory sources could cloud Trump’s image as he seeks to recapture the White House in 2024.

Sources: The Guardian, Forbes

Finance & Business

BCAMS Magazine, the 33nd issue

The independent livecam industry resource for news and tips & tricks for cam models and camsites.



August brings heat, hustle, and the kind of momentum that turns ideas into milestones. As summer peaks, our community keeps raising the bar, refining shows, leveling up branding, and building fanbases with authenticity and intention.


This month, BCAMS celebrates creators who blend artistry with smart strategy: the late-night grinders perfecting their lighting, the studios investing in training, and the newcomers brave enough to hit “Go Live” for the first time. Your work fuels this industry’s evolution.

We’re proud to introduce our Featured Cam Models of the Month, showcasing range, personality, and the power of connection. Inside, you’ll find quick wins for August promos, engagement ideas for travel season, and tips for easing into that “back-to-work” rhythm as audiences shift later in the month.

Use August to tighten your bio, refresh your tip menu, test a new theme, and ask your fans what they want next. Small, consistent tweaks compound into big growth—and we’re here to cheer every step.

Here’s to creativity, confidence, and closing summer strong. Check the full version here.

Thank you,
BCAMS Magazine Team

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Finance & Business

BCAMS Magazine, the 32nd issue

The independent livecam industry resource for news and tips & tricks for cam models and camsites.

A Month of Heat, Energy, and Endless Possibilities

As July bursts onto the scene, so does the vibrant energy of summer—long days, warm nights, and a renewed spark in our creativity. Here at BCAMS Magazine, we’re feeling the heat in all the best ways, and we know you are too.


This month is about embracing that fiery drive, pushing boundaries, and connecting with your audience like never before. Whether you’re streaming from the comfort of home, creating bold new content, or collaborating with fellow models, July is your time to shine. The passion you bring to this industry doesn’t just inspire, it transforms!

Our July edition is brimming with stories of talent, resilience, and success. We’re proud to feature models who embody the season’s spirit: confident, captivating, and unstoppable. Their journeys remind us that in this space, individuality is power and creativity is currency.

So let’s make July a month to remember—one of bold moves, new opportunities, and fearless self-expression. Keep the heat alive, keep the connections strong, and keep showing the world exactly what makes this industry extraordinary.

Check the full version here.

Thank you,
The BCAMS Magazine Team

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Finance & Business

BCAMS Magazine, the 31st issue

The independent livecam industry resource for news and tips & tricks for cam models and camsites.

Embracing the Heat of June – On and Off Camera

As the summer sun begins to shine brighter, so do the incredible talents that make this industry what it is. June is a month of bold energy, creativity, and fresh momentum—and here at BCAMS Magazine, we’re thrilled to celebrate every sizzling moment with you.


This month, we spotlight not just the rising temperatures, but the rising stars—cam models who are pushing boundaries, growing their brands, and bringing even more fire to their shows. Whether you’re a seasoned performer or just stepping into the spotlight, June is your invitation to turn up the heat, refresh your goals, and connect deeper with your audience.

As always, BCAMS Magazine is here to champion your passion and authenticity. We’re proud to feature diverse voices, showcase your hard work, and offer inspiration for what’s next. Let this edition be your reminder: every stream, every moment, and every spark you create is part of something bigger.

Here’s to passion, play, and power all summer long.

Check the full version here.

Thank you,
The BCAMS Magazine Team

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