BLOOMBERG LAW · 2026-10-30 14:19 UTC

Fraudulent Crypto Investment Scheme Drew $130 Million, SEC Says

SEC filed lawsuit against BG Wealth Sharing Ltd. and DSJ Exchange PTY Ltd. for running a fraudulent crypto investment scheme that collected over $130 million from tens of thousands of investors. The scheme falsely claimed SEC approval and promised guaranteed monthly returns of at least 60%, operating from October 2025 through June 2026. The companies allegedly violated federal securities laws including filing false disclosures and promised investors they could double their principal.

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