Antares Trade pyramid scheme warning issued by Russia
Antares Trade has been added to the Central Bank of Russia’s list of companies engaged in “illegal activities”.
According to the Central Bank Antares Trade (cited as Antares Limited), exhibits “signs of a pyramid scheme”. Antares Trade was added to the Central Bank’s blacklist on June 1st.
BehindMLM reviewed Antares Trade in May 2020. Based on its business model, we concluded Antares Trade was a Ponzi scheme.
Heading up Antares Trade was “Alex Richter”, who we strongly suspect is a Boris CEO.
Richter’s last appearance in an Antares Trade marketing video was July 8th.
In the video Richter speaks Spanish. He states Antares Trade:
stopped working with countries that are members of the Commonwealth of Independent States.
These countries include Russia, Ukraine, Kazakhstan, and many others.
Ironically, Richter states this decision was made because Antares Trade “complies with the laws of the countries in which we operate”.
Anatres Trade is not registered to offer securities in any jurisdiction the company operates illegally the world over.
Russia’s fraud warning follows fraud warnings issued against Antares Trade by Belgium, Spain and Canada.
On its website Antares Trade provides a bogus corporate address in Hong Kong.
At the time of publication, Alexa traffic estimates suggest Antares Trade is being promoted in Egypt (35%) and Algeria (7%).
Alexa is not reliable to check the trafic, there is a much better website for that, but i dont remember the name.
The site you’re referring to is similarweb. I’ve always found that Alexa is more reliable, though.
I wouldn’t rely on Alexa for anything mission critical. But for “general idea of how this company’s going” it’s accurate enough.
thanks yes it was probably similarweb. If you compare on both sites they give different results.
In Alexa most trafic come from Angola Egypt and saudi arabia while on Similar web it’s France Madagascar Canada Congo Russia.
I think Similarweb is more accurate. I was into a telegram group and most people were talking russian and french, not portuguese or arabic.
They kick me from that telegram group because i said they were not paying lol.
Looking at my own stats I find Alexa more accurate. Been using it for years as a general measure.
With Arabic it’s not something you’re just going to stumble into. You have to go looking for promotion in that language.
A few days ago “Alex Richter” was outed by a Russian YouTuber Dmitry Kostin, who makes videos about scams.
Alex’s real name is Aleksey Zhirovkin, a scammer from Moscow who fled to elsewhere some time around 2012, when he was accused of creating a scheme that stole loyalty bonuses from M-Video customers, M-Video being a major Russian electronics retailer.