Social Media Influencer Andrew Tate’s brother Tristan Tate has received $2.6m in his Caribbean-based Paxum Bank from an adult webcam platform from 2017 to 2024. This information became sensational news when some important documents were leaked into the International Consortium of Investigative Journalists show.
The documents have a statement for Tristan Tate’s Bank account, including complete transaction details from 2017 to 2024. It describes the payment made by MFCXY Inc. and other adult content platforms such as OnlyFans for the services provided by the brothers. MFCXY hosts an adult webcam service.
Additionally, 183 wire transfers were also found in the leaked documents that disclosed Tate’s fund transfer from his Paxum account into other bank accounts in Romania and the U.K. during the same period. Still, it’s hard to find any connection between Tate’s transactions and the Romanian case.
After the complete analysis of the leaked accounts, it was found that Tate was getting money from the webcam hosting services till August 2022. He was arrested in December 2022, four months after receiving the last payment.
Further information extracted from the leaked documents reveals that $2.6 million out of $2.8 million were sent by MFCXY only and transfers ranged from $15 to $50,000 over the period.
Statement by Kathryn Westmor, a Senior Research Fellow at Rusi
According to the banking experts of ICIJ, accounts connected to the pornography industry are at high risk and require additional scrutiny. Kathryn Westmore, a senior research fellow at the Centre for Financial Crime and Security at RUSI (a think tank in London) said “These transactions should have raised a red flag and the account treated as higher risk with enhanced monitoring.”
“The fact that the transactions are related to an adult webcam company should almost certainly have prompted further investigation into the source of the funds to ascertain whether any of the funds have been generated from illegal activities or illicit content.” She also said, “For many banks, an account like this will be far outside their risk appetite and I suspect they’d want to exit the account as quickly as possible.”
Kathryn Westmor
Tristan and Andrew Tate’s Are Facing Trial of R*pe and Human Tr*fficking
The Tate brothers have confirmed their involvement in a webcam business, asserting that the women performing on camera shared earnings with them willingly. According to The Mirror report, the former kickboxer earned $600,000 monthly when his webcam business was at the peak of success with 75 women in four countries. As per Andrew Tate, he got inspiration from an online advertisement for launching the venture.
A deleted page recovered from Andrew Tate’s website revealed that he actively encouraged women to develop feelings of love for him. He reportedly used these emotional connections to bring them into the webcam business to get rich. This discovery has raised serious concerns about the ethics of Tate’s behavior and the safety of those who interact with him online.
Romanian prosecutors put allegations of “acts of violence and psychological coercion on camera” to the Tate brothers and their associates for exploiting 7 victims.
As per the media reports, Tate described their webcam business to be legitimate. Tristan Tate considered the operation as a streaming studio and said “So I ran something like this which had a bunch of models on it, some of whom were sitting around in bikinis, some of whom got more naked, I won’t pretend that it’s not what it is, you know?” on a podcast in March.
