SEC charges two entities in $130 million scheme that used false SEC filings to lure investors
📅 29 October 2026 • SEC SEC charges two entities in $130 million scheme that used false SEC filings to lure investors The Securities and Exchange Commission charged two foreign-operated, Colorado-incorporated entities, BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd , over a scheme that raised more than $130 million from tens of thousands of retail investors. According to the complaint, the…
The Securities and Exchange Commission (SEC) has charged two foreign-operated entities, BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd, with a $130 million scheme that used false SEC filings to lure investors. The scheme, which ran from October 2025 to June 2026, targeted investors in over 40 US states and territories. The SEC alleges that the defendants submitted false Form ADV and Form D filings to the Commission and used fake SEC-certified documents on their websites and in promotional materials.
The complaint also alleges that the entities ran a Ponzi-like scheme, offering investors promised returns from fabricated crypto signals. The SEC is seeking permanent injunctions, disgorgement with prejudgment interest, civil penalties, and conduct-based injunctions against BG Wealth. The case is currently pending in the US District Court for the Northern District of California.
Brief written by urgent.news from Dev.to's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
