SEC Charges BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd in $130 Million Crypto Fraud Scheme
Current overview (not historical)
The U.S. Securities and Exchange Commission (SEC) has charged Colorado‑based BG Wealth Sharing Ltd and Australian‑registered DSJ Exchange Pty Ltd with orchestrating a $130 million fraud that relied on falsified SEC filings. According to the complaint, between October 2025 and June 2026 the two entities used fake Form ADV and Form D documents to create the appearance of regulatory compliance. They marketed a purported “wealth‑sharing” program that promised investors risk‑free, AI‑generated trading signals and outsized returns. In reality, the signals were fabricated and the returns nonexistent. The defendants solicited investors across more than 40 U.S. states and several territories, raising the full amount through deceptive promises. The SEC alleges that the false filings were a key tool for building investor confidence, and that the scheme’s deceptive practices violated federal securities laws. The charges underscore the regulator’s focus on fraud that exploits the credibility of official documents to lure investors into crypto schemes.
Written with AI from the reporting · updated 11/1/2026
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- 1Unclassified fact stationOct 29, 00:00recorded Oct 30, 03:33revised
两实体被指控在1.3亿美元诈骗案中使用虚假SEC文件提升投资者信心
Read original source ↗ U.S. SEC · Press ReleasesReplay this moment in the explorerEvidence & revisions · 2 source records
- Subject：
- BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd
- Action：
- 被SEC指控
- Object：
- 使用虚假SEC文件实施诈骗
- Occurred (fact side)：
- Oct 29, 00:00
- Published (valid side)：
- Oct 30, 00:42
- First seen (known side)：
- Oct 30, 03:33
- Published (valid side)：
- Oct 30, 22:38
- First seen (known side)：
- Oct 30, 22:51
Fact stationRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
- 2Unclassified fact stationNov 1, 00:00recorded Nov 2, 04:28single sourcerevised
SEC移除误导性提交，起诉两家涉诈加密公司
Read original source ↗ CryptoSlateReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- sec
- Action：
- 移除误导性提交并提起诉讼
- Object：
- BG Wealth Sharing和DSJ Exchange
- Occurred (fact side)：
- Nov 1, 00:00
- Published (valid side)：
- Nov 2, 04:00
- First seen (known side)：
- Nov 2, 04:28
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
Uncertainty marks flag where to check the sources; they are not proven causation.
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- CryptoSlateRelated fact: single sourceSource report revisedSEC removes filings used to legitimize $130 million crypto fraud
Report first recorded Nov 2, 04:28
The U.S. SEC removed regulatory filings submitted by BG Wealth Sharing and DSJ Exchange that were used to legitimize a $130 million crypto investment fraud. The companies allegedly exploited the SEC's public disclosure system, presenting false Form ADV and Form D filings as evidence of government authorization to attract investors. Over 223,000 blockchain addresses sent funds to the scheme, resulting in losses exceeding $100 million, while the companies diverted most deposits rather than investing them as advertised.
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- Bitcoin MagazineSEC Charges Two Colorado‑Based Firms for $130 Million Crypto Investment Scam
Report first recorded Oct 30, 22:51
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.
Read original source ↗ - U.S. SEC · Press ReleasesSelectedFirst-party sourceSource report revisedSEC Charges Two Entities in $130 Million Fraud Involving False SEC Filings
Report first recorded Oct 30, 03:33
The SEC charged BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd with orchestrating a fraud scheme using false SEC filings to boost investor confidence. From October 2025 to June 2026, the entities raised over $130 million from tens of thousands of retail investors by promising risk-free returns from crypto trading signals. The complaint alleges the defendants submitted false Form ADV and Form D filings to create a false appearance of SEC registration and legitimacy.
Read original source ↗
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