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Donald Trump’s company kept afloat by Russian businessman under criminal investigation | US | News

The merger nearly failed in 2021 after the securities investigation was launched, leaving Trump Media severely strapped for cash.

The former president’s company was therefore forced to take out emergency loans, one of which was from ES Family Trust, who had an account with Postolnikov’s Paxum Bank.

ES Family Trust is allegedly a shell company for Postolnikov, reigstered on the Caribbean island of Dominica, and provided Trump Media with $2 (£1.6 million) million in December 2021, AND $6 million (£4.7 million) in February 2022..

Leaked documents obtained by the Guardian reportedly show Postolnikov’s access to the trust’s account, which was set up by a lawyer in St Petersburg.

From the three years of documents detailing financial transactions, it is believed that Postolnikov used ES Family Trust to front the loan for Trump Media because he could not do it himself.


Paxum Bank does not give out loans to the US and is not regulated by the Federal Deposit Insurance Corporation (FDIC), and so the trust provided a loophole to get the money to Trump.

Postolnikov, also the nephew of staunch Putin ally Aleksandr Smirnov, currently has a search warrant affidavit out in his name, but has not been charged with any crimes in connection with the Trump Media merger investigation.

There is no indication that Trump or his company had any knowledge of Postolnikov being involved with one of the emergency loans, and as of yet, no one at Trump Media has been accused of any wrongdoing.

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