The Securities and Exchange Commission charged two foreign-operated, Colorado-incorporated entities, BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd, on Thursday with orchestrating a fraud scheme that raised more than 130 million dollars from tens of thousands of retail investors, many of them in more than 40 US states and multiple US territories. The SEC alleges that from at least October 2025 through June 2026 the pair sold a supposed wealth-sharing program promising extraordinary, risk-free returns from so-called SI-generated signals for crypto asset trading, with BG Wealth falsely claiming to be the world’s largest hedge fund and an SEC-registered investment adviser.
The legitimacy was staged through the regulator’s own system, the complaint alleges: the defendants submitted false Form ADV and Form D filings that were publicly viewable on the SEC website and were shown to investors as supposed proof the SEC had licensed or approved them, displayed fake certificates bearing the SEC’s seal, and made periodic payments to some investors, a Ponzi-like tactic, while misappropriating the rest. The SEC has removed both filings from its website, and its complaint seeks permanent injunctions, disgorgement with prejudgment interest and civil penalties.