SEC Charges BG Wealth and DSJ Exchange Over Alleged $130M Crypto Scheme
Summary
The SEC filed a civil complaint against BG Wealth Sharing and DSJ Exchange, alleging they raised more than $130 million from tens of thousands of retail investors through false Form ADV and Form D filings and promises of extraordinary, risk-free returns tied to crypto trading signals. The SEC says neither business was registered with it and is seeking injunctions, disgorgement and civil penalties. The disputed filings have been removed from the SEC website. The complaint is not a final court finding, and no investor recovery has been confirmed. The case highlights that government-database filings do not constitute regulatory approval or verify a platform’s trading, assets or safety.
