Russian banker who loaned Trump’s Truth Social $8M reportedly has 'family links to Kremlin'

Even after X CEO Elon Musk reinstated Donald Trump's @RealDonaldTrump account, the former president has continued to use his own Truth Social as his primary social media platform. Trump's last post on X was on August 24, 2023, but he uses Truth Social frequently.

Truth Social, launched in August 2022, is part of Trump Media and Technology Group — which is now publicly traded. One of Truth Social's backers was Anton Postolnikov, a 40-year-old Russian banker who loaned the outlet $8 million.

According to the Daily Beast, Postolnikov reportedly has "family links" to the Kremlin and made a lot of money with websites that sold "dodgy sex pills."

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"The flagship product sold by these sites, Vimax — which promises longer sex and a firmer erection — has prompted warnings from health regulators in the U.S. for containing hidden ingredients that may endanger health," journalists Matt Bernardini and Matei Rosca explain in an article published on April 22. "The Food and Drug Administration warned consumers not to buy the supposedly natural male enhancement supplements, and told anyone who had bought the tablets to throw them out."

The reporters add, "The sites where the pills were sold included vimaxtrialoffer.com, which was registered in the name of Anton Postolnikov, 40, according to public domain ownership records."

Postolnikov has a strong connection to MAGA politics.

In addition to helping Truth Social get started, he donated $30,000 to Florida Gov. Ron DeSantis in 2021, according to Bernardini and Rosca.

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"In (2021), documents show that a company listing Postolnikov as its 'authorized person' owned two dwellings on Miami’s private Fisher Island worth $13 million," Bernardini and Rosca report. "The company that owns the luxury properties, 7812 Fisher Island LLC, is the subject of ongoing divorce proceedings in Florida where Postolnikov is splitting from Olga, a fellow native of St. Petersburg who describes herself as a photojournalist…. Before his alleged foray into Florida high finance, Postolnikov was involved in the selling of Vimax, which was sold via offshore companies in the U.S., Cyprus, and Mauritius, according to the products' websites."

READ MORE: Truth Social lost millions last year: SEC filing

Read the Daily Beast's full report at this link (subscription required).