BG Wealth Sharing Ponzi Warning Issued by Philippines SEC Targeting OFWs
- Uncategorized
- February 27, 2026
BG Wealth Sharing is now facing a securities fraud warning from the Philippines Securities and Exchange Commission (SEC), as regulators move to protect investors — particularly overseas Filipino workers (OFWs) — from the rapidly spreading “click-a-button” Ponzi scheme.
The warning, issued January 28th, confirms BG Wealth Sharing is operating without registration and is illegally soliciting investments from the public.
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Philippines SEC Confirms BG Wealth Sharing Is Unregistered
According to the SEC, individuals representing BG Wealth Sharing Ltd. — allegedly led by a figure calling himself “Professor Stephen Beard” — have been promoting investment opportunities to Filipino investors despite having no legal authorization to do so.
Regulators emphasized the company is not registered with the Commission and therefore cannot legally offer or sell investment contracts or securities within the Philippines.
Under Philippine securities law, any investment program must hold both corporate registration and a secondary license before soliciting funds from the public.
BG Wealth Sharing has neither.
SEC Labels the Scheme a Ponzi Operation
The SEC went further than a simple registration warning.
Authorities explicitly stated that BG Wealth Sharing exhibits the characteristics of a Ponzi scheme — where new investor deposits are used to pay fabricated profits to earlier participants.
This structure inherently benefits top recruiters while exposing later investors to losses once recruitment slows.
The Commission issued a direct warning advising the public not to invest — or to stop investing immediately if already involved.
Promoters Face Heavy Penalties
The regulator also warned that individuals continuing to promote the scheme could face serious legal consequences.
Potential penalties include fines of up to 5 million PHP and prison sentences of up to 21 years for violations of the Securities Regulation Code.
This places BG Wealth Sharing promoters in significant legal risk — especially those targeting vulnerable communities such as OFWs seeking supplemental income.
Another “Click-a-Button” Scam Model
BG Wealth Sharing follows the familiar blueprint of so-called “click-a-button” investment apps.
Participants receive fake trading signals and are instructed to complete simple tasks inside an app interface to qualify for daily returns.
These returns are not generated through real trading activity.
Instead, the interface serves as a psychological reinforcement mechanism designed to maintain deposits and encourage recruitment.
Hundreds of similar scams have appeared globally since 2021, many traced to organized cybercrime networks operating across Southeast Asia.
DSJ Exchange Identified as Related Platform
The scheme is also operating under the name DSJ Exchange (DSJEX), which appears to function as a companion platform presenting itself as a legitimate trading exchange.
Regulators and cybersecurity services have flagged multiple DSJEX domains for suspicious activity or fraud.
The use of multiple platform identities is a common tactic designed to create the illusion of legitimacy and infrastructure.
Constant Domain Switching Signals Scam Activity
BG Wealth Sharing and DSJEX have rotated through numerous website domains — another hallmark of organized investment fraud.
The previously active domain bg662.com was abandoned around January 19th.
Shortly afterward, the scheme reappeared on lk0860.com, with private registration updated January 26th.
Additional active DSJEX domains include:
dsjvm.cc
sjbn.pro
dsjbl.com
Investigators believe additional domains are likely operating simultaneously.
Global Regulatory Pressure Continues to Build
The Philippines warning adds to an expanding list of regulatory actions against BG Wealth Sharing and DSJEX.
Authorities in British Columbia and Alberta previously issued alerts in Canada, while regulators in the United Kingdom, Tonga, and Australia have also flagged the operation.
The growing number of warnings suggests cross-border coordination as regulators attempt to disrupt the scheme’s expansion.
Why OFWs Are Being Targeted
The SEC specifically highlighted overseas Filipino workers as a primary target demographic.
Scam promoters often exploit OFWs’ desire to build savings quickly while working abroad, presenting the scheme as a low-effort passive income opportunity.
This targeted marketing strategy has been observed in numerous recent mobile-app Ponzi operations across Asia.
Final Thoughts
The Philippines SEC’s warning reinforces a pattern already seen across multiple jurisdictions.
BG Wealth Sharing continues to operate through rotating domains, multiple platform identities, and aggressive recruitment despite lacking legal authorization to offer investments.
As regulatory pressure increases, the scheme’s survival will likely depend on how quickly new victims can be recruited — a dynamic common to Ponzi models globally.
For investors, the message from regulators is clear:
Unregistered investment apps promising daily returns are not financial innovation — they are high-risk fraud environments.
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