BG Wealth Sharing has acquired a securities fraud warning from the Philippines Securities and Change Fee (SEC).
As per the SEC’s January twenty eighth BG Wealth Sharing fraud warning;
The Fee has acquired experiences and knowledge that sure people or group of individuals representing an entity named BG WEALTH SHARING LTD. and represented by its founder, PROFESSOR STEPHEN BEARD, an alleged Canadian nationwide, have been attractive the general public — significantly abroad Filipino staff (OFWs) — to speculate cash within the stated entity.
The general public is hereby knowledgeable that BG WEALTH SHARING LTD. IS NOT REGISTERED with the Fee. Therefore, is NOT AUTHORIZED to supply, solicit, promote or distribute any funding/securities to the general public.
Such actions require a Secondary License from the Fee and the securities or funding product ought to likewise be registered with the SEC earlier than they are often provided or bought to the general public underneath Sections 8 and 12 of the Securities Regulation Code (SRC).
BG Wealth Sharing working an unregistered securities funding scheme within the Philippines constitutes securities fraud.
Furthermore, the funding scheme being provided by BG WEALTH SHARING LTD., has the traits of a “Ponzi Scheme” the place moneys from new traders are utilized in paying “faux income” to prior traders and is designed primarily to favor its prime recruiters and prior danger takers and is detrimental to subsequent members in case of shortage of recent traders.
In view thereof, the general public is hereby suggested NOT TO INVEST or to STOP INVESTING within the funding schemes being provided by BG WEALTH SHARING LTD. or its representatives.
The SEC warns the BG Wealth Sharing promoters who proceed to illegally promote the Ponzi scheme danger a most 5 million PHP high quality or twenty-one 12 months jail sentence.
BG Wealth Sharing is an MLM “click on a button” app Ponzi run by Chinese language scammers. BehindMLM has documented tons of of the scams since they first emerged again in 2021.
BG Wealth Sharing additionally goes by DSJ Change (DSJEX), a faux buying and selling platform hooked up to the rip-off.
Since launch, BSG Wealth Sharing and DSJEX have burned by way of dozens of web site domains. The rip-off shifts to new domains as registrars constantly flag present domains for fraud.
BG Wealth Sharing was up till just lately working from “bg662.com”. That area was deserted on or round January nineteenth.
BG Wealth Sharing has since spun up a brand new web site on the area “lk0860.com”, non-public registration final up to date on January twenty sixth, 2026.
DSJEX is at present energetic on the domains
- dsjvm.cc – non-public registration final up to date January twenty ninth, 2026
- sjbn.professional – non-public registration final up to date December eleventh, 2025
- dsjbl.com – privately registered on January twenty eighth, 2026
There are probably different energetic domains in rotation.
Along with the Philippines, BG Wealth Sharing and DSJEX fraud warnings have been issued by British Columbia, Alberta, the UK, Tonga and Australia.
