/pol/ - "The FBI opened a "sprawling" investigation into the financial activity of [OnlyFans]".

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"The FBI opened a "sprawling" investigation into the financial activity of [OnlyFans]". Anonymous

06/05/2021 (Sat) 21:35:53 Id: 8bac22 No. 9448

Scott Stedman, founder of https://forensicnews.net, tweeted yesterday on June 4th, 2021 the following: (https://twitter(Please use archive.today)/ScottMStedman/status/1400941277416333312 | https://archive.is/yVdQZ) >BREAKING: The FBI has opened a "sprawling" investigation into the financial activity of @OnlyFans following Forensic News reporting, according to two people *directly* involved. The multi-billion dollar company is under investigation for a wide array of potential crimes. In his thread, he linked the following article, titled "Banks Flagged OnlyFans Owner and His Businesses for Potential Money Laundering, Underage Activity", posted on March 3rd, 2021: (https://forensicnews.net/banks-flagged-leonid-radvinsky-for-potential-money-laundering-underage-activity/ | https://archive.is/vRy4i) >Before Leonid Radvinsky acquired the now uber-popular, sex worker-driven subscription company OnlyFans, banks flagged his businesses numerous times and warned that Radvinsky may be laundering money and providing platforms to “underage children, and other vulnerable individuals [who] might be forced to provide services.” >According to its CEO, Tim Stokely, the son of a UK banker, OnlyFans had revenue of approximately $2 billion in 2020, with profits of $300 million. These numbers make OnlyFans more financially successful than competitor Patreon, which was recently valued at $1.2 billion. >By contrast, banks and the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) have been well aware of Leonid Radvinsky and his business dealings for years, flagging over $1 billion in potentially suspicious financial activity connected to Radvinsky’s companies. >The models and content creators told Forensic News that they had their accounts arbitrarily deleted, and when customer support proved to be unhelpful, the money they earned via the platforms was gone forever. The dozens of models with whom we spoke said that they felt exploited by these business practices, in an industry with an already burdensome and unfair stigma. Many sex-workers rely on platforms like OnlyFans and MyFreeCams to pay their bills and provide for themselves, and the allegations of theft and fraud have upended their sources of income. >These allegations have caught the attention of the Adult Performance Artists Guild (APAG), a union representing those in the adult industry. >“Onlyfans has been closing accounts and taking money without giving enough reasons, or pointing out the violations,” APAG noted in a tweet in late February. Earlier, in 2020, APAG responded to a user saying his OnlyFans account was deleted resulting in a loss of income. The union said that they were aware of “thousands of others” in a similar situation. “Their support system is broken, and they have absorbed so much money, its [sic] insane,” they said. Here's the kicker, accusations of underagefags using OnlyFans. >Some of the most concerning allegations in the SARs are the banks’ written warnings that MFCXY “may be operating in areas where underage children, and other vulnerable individuals might be forced to provide services.” >A BBC study in 2020, found multiple examples of underage individuals advertising sexually-explicit activity on OnlyFans and “evidence of the age verification process being circumvented.” The report featured a woman named Hannah who allegedly signed up for OnlyFans at the age of 16. >[...] in mid-2020, Forensic News created an account on OnlyFans as was not asked to provide ID, nor prompted to provide a selfie photo, raising concerns about the verification process.

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