Antares Commerce has been added to the Central Financial institution of Russia’s listing of firms engaged in “unlawful actions”.
In line with the Central Financial institution Antares Commerce (cited as Antares Restricted), displays “indicators of a pyramid scheme”. Antares Commerce was added to the Central Financial institution’s blacklist on June 1st.
BehindMLM reviewed Antares Commerce in Could 2020. Based mostly on its enterprise mannequin, we concluded Antares Commerce was a Ponzi scheme.
Heading up Antares Commerce was “Alex Richter”, who we strongly suspect is a Boris CEO.
Richter’s final look in an Antares Commerce advertising video was July eighth.
Within the video Richter speaks Spanish. He states Antares Commerce:
stopped working with nations which can be members of the Commonwealth of Impartial States.
These nations embody Russia, Ukraine, Kazakhstan, and plenty of others.
Mockingly, Richter states this determination was made as a result of Antares Commerce “complies with the legal guidelines of the nations wherein we function”.
Anatres Commerce is just not registered to supply securities in any jurisdiction the corporate operates illegally the world over.
Russia’s fraud warning follows fraud warnings issued in opposition to Antares Commerce by Belgium, Spain and Canada.
On its web site Antares Commerce supplies a bogus company handle in Hong Kong.
On the time of publication, Alexa visitors estimates recommend Antares Commerce is being promoted in Egypt (35%) and Algeria (7%).