BG Wealth Sharing & DSJEX fraud warning from Washington
BG Wealth Sharing and DSJ Exchange have received a fraud warning from Washington’s Department of Financial Institutions (DFI).
On April 10th DFI warned that BG Wealth Sharing and DSJ Exchange “may be fraudulent”.
Investors have reported that they have been unable to withdraw their investments. Online reports indicate that a limited number of investors have been able to withdraw small amounts from the platform.
This is a common tactic used in cryptocurrency scams to build trust and recruit more investors to the fraudulent platform.
BG Wealth Sharing is an MLM “click a button” app Ponzi run by Chinese scammers. BehindMLM has documented hundreds of the scams since they first emerged back in 2021.
DSJ Exchange (DSJEX) is a fake trading platform attached to the scam.
Part of BG Wealth Sharing’s fraud is representations about it being based out of the US and being registered with the SEC.
DFI debunks BG Wealth Sharing’s bogus marketing claims;
BG Wealth and DSJ are companies incorporated in the State of Colorado. The addresses used on the Colorado Secretary of State filing for BG Wealth and DSJ do not appear to be legitimate places of business.
BG Wealth provided the Secretary of State with a generic PostNet address and DSJ provided an address for a temporary office rental space.
The period both entities claim to have been founded does not align with the dates the incorporation documents were filed.
BG Wealth and DSJ falsely claim to be licensed by the Securities and Exchange Commission (SEC). In review of these entities, DFI found that BG Wealth filed a partial Form ADV with the SEC and obtained Exempt Reporting Adviser (ERA) status.
DSJ filed a Form D with the SEC claiming a registration exemption. Neither of these forms are an indication of registration with the SEC.
ERAs are not registered and are not regularly examined by the SEC. Form Ds submitted to the SEC are not validated and should not be taken as confirmation that a business is legitimate.
The scammers running BG Wealth Sharing primarily communicate with investors over chat platforms. This is another red flag.
DFI wants to emphasize that legitimate investment companies generally do not communicate with investors through channels like WhatsApp, Telegram, Signal, or Bonchat.
Other jurisdictions that have issued BG Wealth Sharing fraud warnings include Australia, Tonga, the UK, New Zealand, the Philippines, Utah, Saskatchewan, Samoa and the Bahamas.
Recent marketing suggests BG Wealth Sharing is prepping investors for a “fake listing” exit-scam (click to enlarge):
The ruse would see BG Wealth Sharing demand more money from investors (typically disguised as fake regulatory or tax fees), before disappearing with invested funds.
Orange Cat Energy is a recently collapsed “click a button” Ponzi whose investors were put through a “fake taxes” exit-scam.
Since launch, BSG Wealth Sharing and DSJEX have burned through dozens of website domains. The scam shifts to new domains as registrars continuously flag existing domains for fraud.
BG Wealth Sharing and DSJEX are currently operating on the domains:
- dsj679.com – privately registered on April 2nd, 2026
- dsj610.cc – privately registered on April 2nd, 2026
- tin22.com – privately registered on November 12th, 2025
Note the domains above will likely stop working soon. There are likely other active BG Wealth Sharing and DSJEX domains in rotation.
Update 2nd May 2026 – BG Wealth Sharing has collapsed.
Hat tip to Danny de Hek for the heads up:
youtube.com/post/UgkxDDKhD0BKqsIWtDAW3xlsJLObMKP_dhxw
From the DFI posting: “These allegations have not been verified by DFI.”
The victim claims, sure. Chinese scammers hiding in Asia aren’t exactly going to confirm scamming to the DFPI now are they.
The SEC registration and shell company fraud has is verified. The SEC violations alone are securities fraud.
As of today, they have officially stopped giving trade signals and are now demanding you pay taxes to get your investment.
These funds have to be external so you can’t use your investment. Otherwise you’ll lose all your money. It’s go time.
I got in for 3 days before realizing how much of a scam it was. Luckily I was able to get my money out. The guy who swore it wasn’t a ponzi has officially vanished today from social media.
BGWealth is now usng a new name and coonitued the operation by asking old and new memebers to pay $100 to activate their accounts here in Vacouver, Washington under a leader named Angie Perez-Barnum with resident No. (Ozedit: address removed) despite of warning herto stop.
She also funded 100 People more or less inThe Philippes providing the code to her member twice a day and encouring the Filipinos to contine trading.
It is better to activatet heir track her cell phone number to listen how she still continue< she atill believe that Stephen Bear is real. Her cell number is (removed).
SHe used this phone to recruit and convincing 2,000 or more people under her despite of many families and friends where so upset. they hated herfor losing their family members money. .She kept telling them just to pay the ando they can withdraw their money back.
The social media is spreading all over the countries and all over the work. She still called and ask them to pay $100. Track her down in her home and stay in the car and connect her cell number. She do no listen to anyone despite warning her to stop.
You’re better off filing this information with relevant authorities than hoping someone else will take the personal information you’re spreading and play vigilante.
Took me for $40,000.00 somehow someway it would be nice to get half back Iam or was ready to retire at 70 yrs well that’s not promising no more.