Antares Commerce is headed up by Alex Richter, performed by Russian nationwide Alexey Mikhailovich Zhirovkin.
Antares Commerce and its spinoff Alcore Commerce collapsed for good again in Could.
Regardless of sufferer losses probably operating into the a whole bunch of thousands and thousands, Zhirovkin continues to be sheltered by Dominican Republic authorities.
BehindMLM has beforehand reported on Zhirovkin being a wished fugitive from Russia.
Needed on theft fees, Zhirovkin and his spouse fled Russia for the Dominican Republic in 2012. He’s been dwelling there ever since.
How Zhirovkin, a wished fugitive, obtained everlasting residence within the Dominican Republic is unclear.
Antares Commerce surfaced in 2020. It was a easy MLM crypto Ponzi scheme, centered on AND Ponzi factors.
The unique iteration of Antares Commerce collapsed in August 2021, selling Zhirovkin to reboot the rip-off as Alcor Commerce.
Similar Ponzi enterprise mannequin, this time with an ANTD token and 200,000% ROI.
Alcor Commerce lasted till February 2022. Its collapse noticed Richter reboot once more as “Antares Commerce 2.0”.
As Antares Commerce 2.0 started to break down in Could, Zhirovkin tried a short-lived Alcor Commerce reboot.
Sadly for Zhirovkin the legislation of diminishing returns had inevitably kicked in. BehindMLM referred to as the collapse of Antares Commerce 2.0 and Alcor Commerce reboot in Could 2022.
Accepting he’d milked as a lot as he was going to get out traders, Zhirovkin switched focus to prolonging investor complaints to authorities.
To that finish he spent what was left of Could and June gaslighting Antares and Alcor victims with bogus updates on YouTube.
By this time Zhirovkin had already begun representing he was primarily based out of Mexico.
After the Could 2022 Antares Commerce 2.0 and Alcor Commerce collapse, Richter beginning pushing out updates a couple of advertising and marketing occasion in Dubai.
Supposedly Mike Tyson and Jordan Belfort have been booked as audio system. The occasion in any other case being held in Dubai was tipped as Zhirovkin’s ultimate exit-scam.
The Dubai occasion was initially scheduled for June 1st. As June 1st drew nearer, Zhirovkin rescheduled for July fifteenth.
Lengthy story quick; the occasion by no means occurred and Zhirovkin didn’t go away the Dominican Republic.
The final replace Zhirovkin put out as Alex Richter was on June twenty fourth:
Within the video Richter informed traders there was “completely no motive to fret”.
I’m tremendous. Antares is growing very actively and every thing is nice.
In line with data acquired by BehindMLM, someday in June or July Zhirovkin was approached by a gaggle of victims within the Dominican Republic.
This assembly didn’t go nicely for Richter, prompting him to sue his victims for “assault and threats”.
A listening to on the matter is scheduled for September twenty sixth in a court docket in Higuey.
Zhirovkin and his spouse reside about 40 minutes away, in a non-public gated residence in Cocotal.
Regardless of overtly operating a Ponzi scheme believed to run into the a whole bunch of thousands and thousands, to this point Dominican Republic authorities have taken no motion towards Zhirovkin.
He has a Dominican Republic residential allow and lives overtly within the nation.
Zhirovkin is just not the one MLM scammer Dominican Republic’s authorities have sheltered.
Huascar Lopez, a Dominican Republic nationwide, heads up the infamous CashFX Group Ponzi scheme.
Seemingly dwarfing Antares Commerce in dimension, CashFX Group’s investor losses are believed to run into the billions.
Dominican Republic authorities have turned a blind eye to CashFX Group’s monetary fraud for years.
It wasn’t till November 2021, the identical month CashFX Group collapsed, that the Superintendent of Banks issued a CashFX Group fraud warning.
Shortly thereafter Lopez fled the Dominican Republic.
Lopez’s disappearance was initially framed as a vacation in Europe. He hasn’t been seen or heard from in months.
Securities within the Dominican Republic are regulated by the Superintendency of the Securities Market, in any other case often known as SIMV.
Since 2012, SIMV has been headed up by Gabriel Castro Gonzales (proper).
BehindMLM continues to obtain requests for help from Antares Commerce and Alcor Commerce victims, to which we’re unable to reply.
BehindMLM does its greatest to report and preserve observe of MLM associated fraud, however on the finish of the day we’re not a regulator.
If you happen to misplaced cash in Antares Commerce, Alcore Commerce and even CashFX Group for that matter, and need to know why the Dominican Republic has taken no motion and continues to show a blind eye to MLM associated securities fraud, contact particulars are offered within the footer of SIMV’s web site.
One other official price noting is Jose Ernesto Baez, head of SIMV’s Division of Safety and Schooling for Traders.
Baez maintains a comparatively energetic official SIMV Twitter profile.
SimilarWeb at the moment tracks progress in visits to Antares Commerce’s and Alcore Commerce’s web site from France (49% and 52% of whole web site visitors respectively).
This implies that, regardless that each Ponzi schemes have collapsed and withdrawals are disabled, new victims proceed to be recruited.
