Polar Tensor has received a securities fraud warning from the British Columbia Securities Commission (BCSC).

As per BCSC’s June 1st Polar Tensor fraud warning;

This company is not registered with the BC Securities Commission.

If you have been approached by – or referred to – this entity, you should proceed with extreme caution and be aware of the risk before handing over any money.

Polar Tensor failing to register its MLM investment scheme with BCSC constitutes securities fraud.

Polar Tensor is an AI trading bot ruse MLM crypto Ponzi. The scam is fronted by “Felix Bick”, sometimes played by an actor and sometimes represented by an AI-generated avatar.

US national Bob Bearden appears to also be heavily involved in Polar Tensor.

Outside of British Columbia, the Alberta Securities Commission (ASC) also issued a Polar Tensor securities fraud warning on May 14th.

On the same day BCSC issued a fraud warning, Polar Tensor advised it was disabling parts of its website through a “we’re under attack!” ruse:

Whether withdrawals are still available is unclear. Typically when a Ponzi scheme has to tell investors their “funds are safe”, the opposite is true.

Of course in Ponzi schemes like Polar Tensor, funds are gone the moment they’re invested. Unfortunately Ponzi theater often has to play out to the end before victims accept they’ve been scammed.

BG Wealth Sharing, victims of which the ASC noted were being funneled into Polar Tensor, is a recent example of this.

As of April 2026, SimilarWeb was tracking ~102,000 monthly Polar Tensor website visits.

Top sources of Polar Tensor web traffic over the same period were Germany (98%) and the US (1%).