SEC Charges Two Colorado‑Based Firms for $130 Million Crypto Investment Scam

The U.S. Securities and Exchange Commission filed a complaint in the Northern District of California against BG Wealth Sharing Ltd. and DSJ Exchange Pty Ltd., two foreign‑operated companies incorporated in Colorado. From at least October 2025 through June 2026, the firms ran a “wealth‑sharing program” that promised risk‑free returns from crypto‑asset trading signals. They allegedly used false Form ADV and Form D filings, fake SEC seals, and periodic payments to create a Ponzi‑like scheme that attracted investors in more than 40 states and several U.S. territories. The SEC alleges the companies misappropriated the remaining funds and violated the antifraud provisions of the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Advisers Act of 1940. The agency seeks permanent injunctions, disgorgement with prejudgment interest, civil penalties, and conduct‑based injunctions against BG Wealth. The SEC also removed the fraudulent filings from its website and issued investor alerts warning that scammers use exempt reporting adviser filings to feign legitimacy.