{"id":245,"date":"2026-10-29T19:42:37","date_gmt":"2026-10-29T16:42:37","guid":{"rendered":"https:\/\/127.0.0.1\/two-entities-charged-in-130-million-fraud-scheme-that-used-false-sec-filings-to-boost-investor-confidence\/"},"modified":"2026-10-29T19:42:37","modified_gmt":"2026-10-29T16:42:37","slug":"two-entities-charged-in-130-million-fraud-scheme-that-used-false-sec-filings-to-boost-investor-confidence","status":"publish","type":"post","link":"https:\/\/www.marketreviewdaily.com\/fr\/two-entities-charged-in-130-million-fraud-scheme-that-used-false-sec-filings-to-boost-investor-confidence\/","title":{"rendered":"Two Entities Charged in $130 Million Fraud Scheme That Used False SEC Filings to Boost Investor Confidence"},"content":{"rendered":"

The summary above is from the announcement SEC<\/strong> published on October 29, 2026.<\/p>\n

What the announcement says<\/h2>\n
\n

According to the SEC\u2019s complaint, from at least October 2025 through June 2026, BG Wealth and DSJ Exchange induced investors, many located in more than 40 U.S. states and multiple U.S. territories, to participate in a supposed \u201cwealth-sharing program\u201d by promising extraordinary, risk-free returns generated by so-called SI-generated \u201csignals\u201d for crypto asset trading. In addition, BG Wealth claimed to be the world\u2019s largest hedge fund, registered with the SEC as an investment adviser, and partnered with a purported licensed and secure crypto trading platform, DSJ Exchange. None of that was true, and the complaint alleges that the defendants created the appearance that they were legitimate entities by submitting false Form ADV and Form D filings to the SEC which were publicly viewable and shared with investors as supposed proof that the SEC had licensed or approved them.<\/p>\n

\u201cThis alleged scheme was well-planned, as evidenced by how many different communications channels the defendants chose to broadcast to their target audiences. From social media and encrypted messaging channels to weekly live videoconferences and a mobile app, they were determined to keep investors engaged. They further sustained the ruse by displaying fake certificates with the SEC\u2019s seal and making periodic payments to certain investors \u2013 a Ponzi-like tactic \u2013 while misappropriating the remaining funds,\u201d said Laura D\u2019Allaird, Chief of the SEC Enforcement Division\u2019s Cyber and Emerging Technologies Unit.<\/p>\n

The complaint, filed in the United States District Court for the Northern District of California, charges BG Wealth and DSJ Exchange with violating the antifraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934, and charges BG Wealth with violating Sections 204(a) and 207 of the Investment Advisers Act of 1940. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against both defendants and conduct-based injunctions against BG Wealth.<\/p>\n

The SEC\u2019s Office of Investor Education and Assistance has issued investor alerts warning investors that scammers are using SEC exempt reporting adviser filings to create a false impression of legitimacy and to lure investors into scams with false claims of SEC registration. The SEC encourages investors to use Investor.gov to check the background of anyone offering or selling them an investment.<\/p>\n

Separately, the Form ADV filed by BG Wealth and the Form D filed by DSJ Exchange have been removed from the Commission website.<\/p>\n

The SEC appreciates the assistance of the Alberta Securities Commission; the Hawaii Department of Commerce and Consumer Affairs, Securities Enforcement Branch; the Texas State Securities Board; the Utah Department of Commerce, Division of Securities; the Washington State Department of Financial Institutions; and the Wisconsin Department of Financial Institutions, among other authorities and regulators.<\/p>\n

SEC<\/cite><\/p><\/blockquote>\n

Supervisory announcements can change which entity is allowed to serve clients in a region, what investor protection applies to them, and which firms are under scrutiny.<\/p>\n

Read the full announcement on SEC<\/a><\/p>\n

Compiled automatically from the source listed below. Follow the link for the full announcement.<\/p>","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission today charged two foreign-operated, Colorado-incorporated entities, BG Wealth Sharing Ltd and DSJ Exchange Pty\u2026<\/p>","protected":false},"author":0,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-245","post","type-post","status-publish","format-standard","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/www.marketreviewdaily.com\/fr\/wp-json\/wp\/v2\/posts\/245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketreviewdaily.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketreviewdaily.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketreviewdaily.com\/fr\/wp-json\/wp\/v2\/comments?post=245"}],"version-history":[{"count":0,"href":"https:\/\/www.marketreviewdaily.com\/fr\/wp-json\/wp\/v2\/posts\/245\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketreviewdaily.com\/fr\/wp-json\/wp\/v2\/media?parent=245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketreviewdaily.com\/fr\/wp-json\/wp\/v2\/categories?post=245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketreviewdaily.com\/fr\/wp-json\/wp\/v2\/tags?post=245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}