Alaska warns residents about BG Wealth cryptocurrency scheme flagged by eight other jurisdictions

The Alaska Division of Banking and Securities issued an investor alert May 26 warning residents about BG Wealth Sharing Ltd. and DSJ Exchange, a suspected fraudulent cryptocurrency investment scheme. Regulators in Utah, Washington, Canada, New Zealand, Tonga, Samoa, the United Kingdom, and the Philippines had flagged the operation months earlier. The scheme uses rotating web domains and private messaging apps to recruit Alaskans through word-of-mouth and social media referrals. Promoters promise guaranteed returns through artificial intelligence trading.

The Alberta Securities Commission issued an alert about BG Wealth Sharing and DSJ Exchange on February 17. The British Columbia Securities Commission placed BG Wealth Sharing Ltd. on its investment caution list January 28. The Utah Department of Commerce Division of Securities issued an investor alert March 10, summarizing multiple regulators' concerns about unregistered status and false SEC licensing claims.

The scheme advertises through at least six rotating domains including bg877.com, bg661.com, dsjex.net, dsj89.com, dsjex123.com, and dsj679.com. Promoters communicate with investors via private messaging apps. They promise to double funds within 60 days through AI-generated trading signals. Some participants recruit family and friends using referral bonuses and multi-level style incentives.

BG Wealth and DSJ imply global regulatory approval. Other regulators report investors face high withdrawal fees, approval delays, and difficulty retrieving funds once deposited on DSJ EX.

The division urges residents not to send money or cryptocurrency to BG Wealth or DSJ. Alaskans who have already been involved in the scheme can contact the division's Anchorage office at (907) 269-8140 or [email protected] for assistance. The division also operates a toll-free hotline at 1-888-925-2521 for investment questions.