Antares Trade is headed up by Alex Richter, played by Russian national Alexey Mikhailovich Zhirovkin.
Antares Trade and its spinoff Alcore Trade collapsed for good back in May.
Despite victim losses likely running into the hundreds of millions, Zhirovkin continues to be sheltered by Dominican Republic authorities.
BehindMLM has previously reported on
Zhirovkin being a wanted fugitive from Russia
.
Wanted on theft charges, Zhirovkin and his wife fled Russia for the Dominican Republic in 2012. He’s been living there ever since.
How Zhirovkin, a wanted fugitive, obtained permanent residence in the Dominican Republic is unclear.
Antares Trade
surfaced in 2020. It was a simple MLM crypto Ponzi scheme, centered on AND Ponzi points.
The original iteration of Antares Trade
collapsed
in August 2021, promoting Zhirovkin to reboot the scam as
Alcor Trade
.
Same Ponzi business model, this time with an ANTD token and 200,000% ROI.
Alcor Trade lasted until February 2022. Its collapse saw Richter
reboot again as “Antares Trade 2.0”
.
As Antares Trade 2.0 began to collapse in May, Zhirovkin attempted a short-lived Alcor Trade reboot.
Unfortunately for Zhirovkin the law of diminishing returns had inevitably kicked in. BehindMLM
called the collapse of Antares Trade 2.0 and Alcor Trade reboot
in May 2022.
Accepting he’d milked as much as he was going to get out investors, Zhirovkin switched focus to prolonging investor complaints to authorities.
To that end he spent what was left of May and June gaslighting Antares and Alcor victims with bogus updates on YouTube.
By this time Zhirovkin had already begun representing he was based out of Mexico.
After the May 2022 Antares Trade 2.0 and Alcor Trade collapse, Richter starting pushing out updates about a marketing event in Dubai.
Supposedly Mike Tyson and Jordan Belfort were booked as speakers. The event otherwise being held in Dubai was tipped as Zhirovkin’s final exit-scam.
The Dubai event was originally scheduled for June 1st. As June 1st drew nearer, Zhirovkin rescheduled for July 15th.
Long story short; the event never happened and Zhirovkin didn’t leave the Dominican Republic.
The last update Zhirovkin put out as Alex Richter was on June 24th:
In the video Richter told investors there was “absolutely no reason to worry”.
I’m fine. Antares is developing very actively and everything is great.
According to information received by BehindMLM, sometime in June or July Zhirovkin was approached by a group of victims in the Dominican Republic.
This meeting didn’t go well for Richter, prompting him to sue his victims for “assault and threats”.
A hearing on the matter is scheduled for September 26th in a court in Higuey.
Zhirovkin and his wife live about 40 minutes away, in a private gated residence in Cocotal.
Despite openly running a Ponzi scheme believed to run into the hundreds of millions, to date Dominican Republic authorities have taken no action against Zhirovkin.
He has a Dominic
🤖 Quick Answer
Who is Alex Richter and what is his real identity?Alex Richter is a pseudonym used by Alexey Mikhailovich Zhirovkin, a Russian national who heads Antares Trade. Zhirovkin fled Russia in 2012 to escape theft charges and has since resided in the Dominican Republic under assumed identity, operating cryptocurrency and MLM-based financial schemes.
What was Antares Trade and when did it collapse?
Antares Trade was a multilevel marketing cryptocurrency Ponzi scheme that emerged in 2020, centered on AND Ponzi points. The company and its spinoff Alcore Trade collapsed in May, resulting in estimated victim losses reaching hundreds of millions of dollars.
Why is Zhirovkin considered a fugitive?
Zhirovkin is a wanted fugitive from Russia on theft charges. He fled the country in 2012 with
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