Antares Commerce has collapsed, prompting CEO Alex Richter to announce the Ponzi scheme’s exit-scam.
When Antares Commerce launched in mid 2020, the corporate represented it was primarily based out of Mexico.
In the present day Anatres Commerce represents it operates as “Antares Restricted”. Antares Restricted is a shell firm purportedly integrated in Hong Kong.
In actuality, Antares Commerce isn’t primarily based out of both of those international locations. We’ll get into that in a bit and why the Ponzi scheme is pulling its exit-scam now.
In movies uploaded to Antares Commerce’s YouTube channel earlier immediately, Richter explains;
In the present day at 9:30 a.m. native time, representatives of the regulator and cops got here to our central workplace, on account of which Antares platform’s actions had been fully paralyzed.
Richter doesn’t make clear whether or not he’s speaking about Mexico or Hong Kong, however the implication is authorities in certainly one of these two jurisdiction performed a raid.
Once more, we’ll get into why this didn’t occur in a bit.
As Richter continues, the true motive for his “pressing, unplanned” announcement is given;
The login to customers’ private accounts was blocked, the work of technical help was paralyzed, deposits and withdrawals had been suspended, and the accural of funding yield and affiliate bonuses was stopped.
Based on the regulator’s staff who got here to us, a verification process was initiated in relation to our platform, which is able to final 60 calendar days.
In the course of the verification the work of Antares will likely be unattainable.
Firstly when authorities conduct a raid they don’t do it and not using a prior investigation. And so they actually don’t provide you with sixty days to cowl your tracks.
Moreover you don’t hear about raids from the topic of a raid. The authorities announce it and its normally picked up by the media.
That hasn’t occurred with Anatares Commerce, as a result of there isn’t any raid.
Antares Commerce’s collapse follows the outing of “Alex Richter” as Russian nationwide “Aleksey Zhirovkin”.
There’s a couple of title variations at play right here, however on Russian social media “Richter” goes by “Alexander Zhirovkin“.
Yep. Antares Commerce is nothing greater than yet one more Russian MLM crypto Ponzi scheme.
To be honest, we’ve form of identified this since Could 2020.
Anyway, with that in thoughts, the Central Financial institution of Russia issued an Antares Commerce fraud warning on June 1st.
Antares Commerce responded to this alert by shutting down Russian investor accounts.
And now right here we’re, with Zhirovkin prone to disappear, a collapse and exit-scam.
Whether or not Zhriovkin remains to be in Russia is unclear.
What we do know is Antares Commerce isn’t his first monetary crime.
In 2012 Zhirovkin was implicated in a 3.5 million ruble heist from the M.Video retailer chain (~$47,000 USD immediately).
Zhirovkin labored for M.Video and deliberate and arranged the operation.
From his work laptop, he opened the database of the holders of bonus playing cards and made their clones.
Electronics and family home equipment had been purchased with pretend playing cards in different shops of the chain.
In whole, 53 such cases had been recorded with a complete injury of three.5 million rubles.
Zhirovkin’s confederate was caught and acquired a five-year suspended sentence. Zhirovkin fled and has been needed by Russian authorities ever since.
Getting again to Antares Commerce, Zhirovkin has given himself sixty days to make a clear getaway.
The one motive he’s not being sincere about reducing unfastened immediately is to stem investor complaints.
I’ll ask everybody personally and on the similar time all Antares Companions:
The time has come to point out the entire world how robust we’re, how united we’re.
There is no such thing as a must panic, pull out your hair and run across the condominium, and shout that all the things is over.
Doing it will solely make your self really feel worse, stressing your self out and different Antares companions, too.
Zhirovkin goes on to substantiate he has a “resolution to the way to get out of this … as winners”.
He doesn’t elaborate however states the answer will likely be introduced to Antares Commerce victims in 72 hours, or August sixteenth.
Within the meantime, Zhirovkin doesn’t need to be disturbed.
It’s because, versus paying Antares Commerce victims with cash that doesn’t exist, Zhirovkin and his staff are busy deleting proof:
We’ll maintain an eye fixed out for the August sixteenth replace. Math is math although and that is how each Ponzi scheme ends.
If you happen to invested in Antares Commerce your cash is gone. Sorry to your loss.
Replace seventeenth August 2021 – Aleksey Zhirovkin has rebooted Antares Commerce as Alcor Commerce.
Replace nineteenth August 2021 – BehindMLM can now affirm Aleksey Zhirovkin is hiding out within the Dominican Republic.
Replace fifteenth February 2022 – Aleksey Zhirovkin has introduced he’s rebooting Antares Commerce.