BG Wealth Sharing LTD and DSJ Exchange Under Scrutiny for Alleged Crypto Scam

The cryptocurrency space continues to attract innovation, but it also attracts exploitation. A recent alert from the Washington State Department of Financial Institutions (DFI) highlights growing concerns surrounding BG Wealth Sharing LTD (“BG Wealth”) and its associated trading platform, DSJ Exchange PTY Ltd (“DSJ”).  The alert from the Washington DFI parallels similar fraud warnings about BG Wealth and DSJ issued by government regulators in the United Kingdom, Australia, New Zealand, the Philippines, Samoa, Tonga, Nauru, Utah, Saskatchewan, and the Bahamas.

While BG Wealth and DSJ present themselves as legitimate investment opportunities, regulators across the globe warn that they may be part of a broader, recruitment-based cryptocurrency scam that could leave investors unable to recover their funds.  In the past week, BG Wealth has disabled account withdrawals and has instructed investors that they would have to “complete account compliance” and pay a purported “exit tax” to access their investment funds, which regulatory alerts have flagged as signs of a typical fraudulent investment program.

Silver Miller has followed the decline of BG Wealth and has opened its own investigation into the companies on behalf of injured investors.

What Is BG Wealth Sharing LTD?

BG Wealth markets itself as “the world’s largest hedge fund” and promotes high-yield cryptocurrency investment opportunities. However, multiple complaints have surfaced indicating that:

• Investors are primarily recruited through social media platforms
• The operation relies on a multi-level recruitment structure that requires users to bring in new investors to generate any significant investment returns
• Communication is conducted through private messaging apps like Telegram and Bonchat

This structure closely resembles tactics commonly seen in pig butchering scams, where fraudsters build trust over time before extracting increasingly large investments.

The Role of DSJ Exchange PTY Ltd

BG Wealth directs investors to use DSJ Exchange as its trading platform. Users are given daily “trading signals,” allegedly from a founder named Stephen Beard, who is described as a self-proclaimed professor.

Investors are led to believe they are generating consistent profits by following these signals. However:

• BG Wealth claims a “zero-risk” investment environment
• Promises include unrealistic returns, such as earning 1,500 USDT monthly for life from a 2,000 USDT investment

These types of guarantees are not just misleading. They are hallmarks of fraudulent investment schemes.

Questionable Business Practices and False Credentials

Both BG Wealth and DSJ Exchange are reportedly incorporated in Colorado, but their filings raise additional concerns:

• Listed business addresses appear to be non-operational or temporary spaces
• Claimed founding dates do not align with official incorporation records
• The companies use multiple rotating domains, including:
  • Bggp.vip
  • Bg911.cc
  • dsjex.net

Frequent domain changes are often used by fraudulent platforms to evade detection and continue operations under new names.

Misleading SEC Claims

BG Wealth and DSJ also claim to be licensed by the U.S. Securities and Exchange Commission (SEC). However:

• Filing a Form ADV as an Exempt Reporting Adviser does not mean the firm is registered or regulated
• Submitting a Form D does not confirm legitimacy or approval by the SEC

These filings are often misunderstood and sometimes misrepresented to create a false sense of credibility.

Investor Complaints: Withdrawal Issues and Manipulation

One of the most troubling patterns reported by investors is the inability to withdraw funds. While some users report being able to withdraw small amounts initially, this is a known tactic used by scammers to:

• Build trust
• Encourage larger deposits
• Attract new participants through referrals

Eventually, users report being locked out of their accounts or facing new barriers to access their funds.  As noted above, BG Wealth earlier this week disabled all account withdrawals and has induced users to pay “exit fees” to retrieve their investment funds; which regulators identify as one of the final steps in a fraudulent investment scheme.  Common red flags in such a scheme include:

• Being asked to pay fees using external funds
• Receiving urgent deadlines to make payments
• Being told failure to pay will result in permanent loss of funds

Even after paying these fees, victims often remain unable to withdraw their investments.

Seizure of BG Wealth Website and Criminal Charges against Managers

On April 23, 2026, the U.S. Federal Bureau of Investigation seized BG Wealth’s original website domain (BGWealthSharing.com) as part of a joint law enforcement operation conducted by multiple U.S. law enforcement agencies.  In addition, the U.S. Department of Justice has announced it has brought criminal charges against two Chinese nationals (Jiang Wen Jie and Huang Xingshan) who managed a cryptocurrency investment fraud compound in Burma believed to be responsible for operating numerous online scams, including BG Wealth and DSJ.  While the process of extraditing Jie and Xingshan to the United States remains unclear at this time, the following individuals in U.S. states and territories are reputed to have been among the largest recruiters operating for BG Wealth:

• Chanse Carlson (Utah)
• Latanya Jones (Georgia)
• Thaddious Thomas (Texas)
• Mark Brown (Oklahoma)
• Kim Brown (Oklahoma)
• Faiana Makahununiu Brown a/k/ Faithful Faiana Brown a/k/a Gerald Faiana Brown (Utah/Washington)
• Mau Hunt Kota (Samoa)

Investigators are evaluating the extent to which those individuals may bear responsibility for their involvement with BG Wealth; while published reports state that some of those recruiters have already moved on to a new suspected “click a button” app Ponzi scheme called Swift Wave Capital, which investors are cautioned to avoid.

How to Protect Yourself

If you are considering any cryptocurrency investment opportunity, take these precautions:

• Verify registration using tools like FINRA BrokerCheck
• Avoid platforms that promise guaranteed or risk-free returns
• Be cautious of unsolicited investment offers via social media or messaging apps
• Never send additional funds to unlock your account

Legitimate investment firms do not operate in secrecy or rely on recruitment-based earnings.

What to Do If You Have Been Affected

If you believe you have invested with BG Wealth, DSJ Exchange, or a similar platform:

• Report the incident to the FBI’s Internet Crime Complaint Center (IC3)
• Contact your state securities regulator
• Preserve all communications, transaction records, and account details

Speak With a Cryptocurrency Fraud Attorney

At Silver Miller, we represent victims of cryptocurrency fraud and investment scams. Our team understands the tactics used by fraudulent platforms and works to trace assets, identify responsible parties, and pursue recovery options.

If you have lost money to BG Wealth Sharing LTD, DSJ Exchange PTY Ltd, or a similar scheme, you may still have legal options.

Contact Silver Miller today for a confidential consultation.