BG Wealth Sharing has received a securities fraud warning from the Philippines Securities and Exchange Commission (SEC).

As per the SEC’s January 28th BG Wealth Sharing fraud warning;

The Commission has received reports and information that certain individuals or group of persons representing an entity named BG WEALTH SHARING LTD. and represented by its founder, PROFESSOR STEPHEN BEARD, an alleged Canadian national, have been enticing the public — particularly overseas Filipino workers (OFWs) — to invest money in the said entity.

The public is hereby informed that BG WEALTH SHARING LTD. IS NOT REGISTERED with the Commission. Hence, is NOT AUTHORIZED to offer, solicit, sell or distribute any investment/securities to the public.

Such activities require a Secondary License from the Commission and the securities or investment product should likewise be registered with the SEC before they can be offered or sold to the public under Sections 8 and 12 of the Securities Regulation Code (SRC).

BG Wealth Sharing running an unregistered securities investment scheme in the Philippines constitutes securities fraud.

Moreover, the investment scheme being offered by BG WEALTH SHARING LTD., has the characteristics of a “Ponzi Scheme” where moneys from new investors are used in paying “fake profits” to prior investors and is designed mainly to favor its top recruiters and prior risk takers and is detrimental to subsequent members in case of scarcity of new investors.

In view thereof, the public is hereby advised NOT TO INVEST or to STOP INVESTING in the investment schemes being offered by BG WEALTH SHARING LTD. or its representatives.

The SEC warns the BG Wealth Sharing promoters who continue to illegally promote the Ponzi scheme risk a maximum 5 million PHP fine or twenty-one year prison sentence.

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.

BG Wealth Sharing also goes by DSJ Exchange (DSJEX), a fake trading platform attached to the 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 was up until recently operating from “bg662.com”. That domain was abandoned on or around January 19th.

BG Wealth Sharing has since spun up a new website on the domain “lk0860.com”, private registration last updated on January 26th, 2026.

DSJEX is currently active on the domains

  1. dsjvm.cc – private registration last updated January 29th, 2026
  2. sjbn.pro – private registration last updated December 11th, 2025
  3. dsjbl.com – privately registered on January 28th, 2026

There are likely other active domains in rotation.

In addition to the Philippines, BG Wealth Sharing and DSJEX fraud warnings have been issued by British Columbia, Alberta, the UK, Tonga and Australia.