SEC Charges BG Wealth and DSJ Exchange Over Alleged $130M Crypto Scheme

TL;DR: The SEC alleges BG Wealth and DSJ Exchange raised more than $130 million using false filings and trading claims. The civil complaint is an allegation, not a final judgment. The US Securities and Exchange Commission has brought a civil case against BG Wealth Sharing and DSJ Exchange, alleging that the businesses used official-looking filings to help sell an investment program built around purported crypto trading signals. An October 30 litigation release details the complaint filed on October 29. The case puts a familiar distinction at its center: appearing in a government database does not mean a regulator has approved an investment. What the SEC alleges According to the SEC’s litigation release , the defendants raised more than $130 million from tens of thousands of retail investors.

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