OnlyFans Faces Allegations of Fraud, Theft

Aug 13, 2020
Adult Business News
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As COVID-19 quarantines began around the globe, seasoned sex workers and amateurs alike were left floundering and looking for new ways to earn a living.

Many turned to a platform called OnlyFans, which allows content creators to sell nude pictures, videos, and homemade amateur pornographic films. Within months, OnlyFans exploded and became one of the most popular money-making platforms in the world.

Amazon Alexa’s internet ratings calculate that the OnlyFans website is the 222nd most visited site in the entire United States according to global internet traffic and engagement over the past 90 days.

As of April 2020, a researcher put the valuation of OnlyFans “between $810m and $936m.”

Behind this explosion of success, however, an analysis by Forensic News has revealed that OnlyFans is owned by a Ukrainian-American porn entrepreneur named Leonid Radvinsky with a history of lawsuits and allegations of spam, theft, fraud, and drug dealing.

In October 2018, Radvinsky acquired 100% of the shares of Fenix International Limited in London, the parent company of OnlyFans from Tim Stokely, a former Barclays banker, for an undisclosed sum.

Since then, OnlyFans has exploded and become one of the most popular websites on the internet.

Interviews with over a dozen content creators and users of OnlyFans and another large camming website owned by Radvinsky, MyFreeCams, illustrate a decade long laundry list of complaints against Radvinsky, with many losing thousands of dollars.

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