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%).

🤖 Quick Answer

What is Antares Trade and why was it added to Russia's blacklist?
Antares Trade, also known as Antares Limited, was added to the Central Bank of Russia's blacklist on June 1st for engaging in illegal activities. The organization exhibits characteristics of a pyramid scheme, according to official regulatory findings. Independent analysis confirmed its operations matched those of a Ponzi scheme structure.

Who led Antares Trade and what were his actions?
Antares Trade was headed by "Alex Richter," suspected to be a Boris CEO operating under an alias. In his final marketing video appearance on July 8th, Richter announced the company's withdrawal from Commonwealth of Independent States member countries, including Russia, Ukraine, and Kazakhstan.

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