The Central Bank of Russia added Antares Trade, also known as Antares Limited, to its list of companies engaged in illegal activities on June 1st. Regulators cited clear signs of a pyramid scheme in their findings. This action follows independent reviews that characterized the operation as a Ponzi scheme.

"Alex Richter," the suspected alias for Boris CEO, led Antares Trade. Richter's last known public appearance was in a July 8th marketing video. In that broadcast, he announced Antares Trade's withdrawal from Commonwealth of Independent States member nations, including Russia, Ukraine, and Kazakhstan. Richter claimed this move was to ensure compliance with local laws.

Antares Trade has not registered to offer securities in any jurisdiction where it operates. The company functions illegally worldwide. Russia's fraud warning echoes similar alerts previously issued by Belgium, Spain, and Canada. Antares Trade lists a fake corporate address in Hong Kong on its website. Current website traffic data indicates significant promotional efforts in Egypt, accounting for 35% of visitors, and Algeria, at 7%.