BG Wealth Sharing fails to provide verifiable ownership or executive information on its website.

The only name attached to BG Wealth Sharing on its website is founder “Professor Stephen Beard”:

Stephen Beard doesn’t exist outside of BG Wealth Sharing’s website and is assumed to be a fictional identity.

BG Wealth Sharing operates from three known website domains:

1. bggp.vip (abandoned) – privately registered on November 30th, 2024
2. dsjzn.com – private registration last updated on August 30th, 2025
3. dsjlc.com – private registration last updated on August 30th, 2025

Despite existing for less than a year, on its website BG Wealth Sharing falsely claims it was founded in 2018.

BG Wealth Sharing is intertwined with DSJ Exchange (aka DSJEX), a fake trading platform:

BG Wealth Sharing’s website funnels prospective investors to DSJ Exchange’s constantly changing website domains. DSJ Exchange’s website exists solely to funnel visitors toward downloading a dodgy app of unknown origin.

It’s obvious the same people behind BG Wealth Sharing are running DSJ Exchange.

DSJ Exchange operates from four known website domains:

1. dsj58.com – privately registered on November 3rd, 2024
2. dsjex.com (Cloudflare already flagged for fraud) – privately registered on May 14th, 2019
3. dsj011.com (Cloudflare already flagged for fraud) – privately registered on April 29th, 2025
4. dsjex112.com (Cloudflare already flagged for fraud) – privately registered on August 27th, 2024

It’s highly likely DSJ Exchange has other website domains in rotation.

In an attempt to appear legitimate, BG Wealth Sharing touts SEC registration of BG Wealth Sharing LTD.

BG Wealth Sharing LTD is a Colorado shell company, registered by “Fong Sam International accounting firms” on April 13th, 2025.

The corporate address provided for BG Wealth Sharing LTD belongs to PostNet, a virtual mail provider.

“Fong Sam International accounting firm” doesn’t appear to exist. The Colorado address provided for the purported firm belongs to Colorado Registered Agent.

On its website Colorado Registered Agent pitches virtual office services and “business formation services”.

We’ll revisit BG Wealth Sharing LTD’s purported SEC registration in the conclusion of this review.

If we look at the source-code of BG Wealth Sharing’s website, we find Chinese:

This suggests, as opposed to the US, whoever is running BG Wealth Sharing and DSJ Exchange has ties to China.

BG Wealth Sharing LTD and DSJ Exchange have already attracted the attention of financial regulators.

The UK’s Financial Conduct Authority issued a BG Wealth Sharing and DSJ Exchange securities fraud warning on May 7th, 2025.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

Although it’s presented as a third-party company, T7X is also credited as being behind Trusted Smart Chain’s blockchain.

This is from Trusted Smart Chain’s website FAQ;

The founder of T7X also established and launched the Trusted Smart Chain blockchain to provide a secure and compliant foundation for RWA trading across decentralized platforms.

“RWA” stands for “real world assets”. This ties into T7X presenting itself as a “gateway to real world asset investing”.

Trusted Smart Chain runs a node investment scheme, through which investors receive “daily token rewards” after investing in TSC token node positions.

The marketing ruse is profits are generated through “real world asset tokenization” – which brings us back to T7X.

So who’s running T7X and Trusted Smart Chain, and why is it a problem? [Continue reading…]

Hubert Freidl’s Lyoness pyramid scheme has collapsed.

Last week both the myWorld and Lyconet websites were disabled.

Lyoness’ corporate website, hosted on “lyoness.com”, has also been disabled.

myWorld’s official FaceBook page is still up but hasn’t been updated since August 6th.

The official Lyconet FaceBook page was last updated on July 25th. The post has 219 comments, most of which are complaints from consumers. [Continue reading…]

The FTC has accused Iyovia co-founder Christopher Terry of dissipating over $6 million in assets.

The FTC alleges Terry’s actions violate the Iyovia preliminary injunction granted on August 12th.

In an emergency motion filed on August 28th, the FTC requested the court direct Terry to explain why he shouldn’t be held in contempt. [Continue reading…]

Iyovia has received an investment fraud warning from from Chile’s Financial Market Commission (CMF).

CMF included Iyovia in a list of unregistered investment schemes, published on August 5th, 2025. [Continue reading…]

Be Club has received a securities fraud warning from the Ontario Securities Commission (OSC).

The OSC issued its Be Club warning on August 27th, noting company names Be Royal Family Trading and Be Trading Group. [Continue reading…]

ToFro has received a Ponzi fraud warning from Nigeria’s Securities and Exchange Commission (SEC).

As per the SEC’s April 30th, 2025 ToFro warning; [Continue reading…]

Ascendra operates in the insurance MLM niche.

Finding out who runs Ascendra on its website requires a visit to the FAQ section;

Who is the founder of Ascendra?

Ascendra was founded by CEO (Chief Executive Officer) Jurgen Gonzales, CSO (Chief Strategy Officer) Joseph Lim, COO (Chief Operating Officer) Miko Imson, CFO (Chief Financial Officer) Francesca Fugen and our BXPDO (Brand Experience And Product Development Officer) Kristine Olatic.

This information could definitely be better presented.

Both Ascendra CEO Jurgen Gonzales and CSO Joseph Lim are tied to the AIM Global pyramid scheme.

Jurgen was AIM Global’s VP for Business Development. Lim was an AIM Global “Hall of Fame” promoter.

Jurgen announced his AIM Global departure on May 28th, 2025:

Joseph Lim announced his departure a day later on May 29th:

AIM Global, aka Alliance in Motion Global, is a Philippines pyramid scheme run by Eduardo Cabantog (right).

Regulatory enforcement actions have been taken against AIM Global in Vanuatu, Pakistan and Uganda.

Despite being around since 2009, Philippine authorities have so far failed to take action.

Ascendra’s website domain (“ascendrabusiness.com”), was privately registered on June 26th, 2025.

Note at time of publication there appears to be something wrong with Ascendra’s website homepage. It currently redirects to “take.app”, which appears to be a service provider.

Both Ascendra and its executives are based out of the Philippines.

Read on for a full review of Ascendra’s MLM opportunity. [Continue reading…]

Egrya fails to provide ownership or executive information on its website.

Egrya’s website domain (“egryafinancialtechnology.com”), was privately registered on February 3rd, 2025.

Egrya’s iPhone app is hosted on the domain “fenzh1sj.com”, private registration last updated on April 23rd, 2024.

If we look into the CSS code for Egrya’s iPhone app domain, we find Chinese:

This suggests whoever is running Egrya has ties to China.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

BehindMLM reviewed Nvisionu back in August 2022. Decent retail focus, overpriced e-learning courses, white labeled supplements of unknown origin – Nvisionu was a bit of a mixed bag.

Back in March a BehindMLM reader claimed the review was out of date. As such, today we’re revisiting Nvisionu for a review update. [Continue reading…]