For months, BG Wealth Sharing and its twin operation DSJEX Exchange have been quietly spreading through communities around the world. Their pitch is seductive: guaranteed profits, “AI-powered trading signals,” daily returns of 1.3% to 2.6%, and a long-term “three-party win-win” model they claim will run for decades.

They dress this all up with fake certificates, glossy infographics, emotional testimonials, planned “annual meetings,” and a messianic founder called Professor Stephen Beard.

But once you start peeling back the layers, a very different picture emerges — one built on fabricated documents, illegal securities offerings, identity concealment, Chinese scam-factory infrastructure, financial grooming, and a devastating wake of victims.

This blog pulls together evidence from their own website, whistleblower testimony, victims who have escaped, and external research — including a tip of the hat to Oz from BehindMLM, who has done outstanding work documenting this global “click a button” Ponzi ecosystem.

The result is a simple message:
BG Wealth Sharing is a scam. DSJEX is a scam. And anyone pitching this as a legitimate opportunity is either a victim-turned-recruiter or part of the operation.

The Illusion of Legitimacy: Fake Companies, Fake Certificates, Fake Founder

Everything about BG Wealth Sharing begins with its mythical frontman, “Professor Stephen Beard.” According to their promotional material, Beard is a globally recognised financial expert who leads the DSJEX trading ecosystem and generates flawless daily trading predictions.

The reality?
Professor Stephen Beard does not exist outside BG’s own marketing.

There is no academic history.
No financial background.
No digital footprint prior to the scam.
No registration with any regulator worldwide.

Even the photos of Beard appear inconsistent, AI-altered, or lifted from unrelated sources.

As Oz at BehindMLM noted, BG Wealth Sharing’s website source code contains Chinese-language backend markers, and the domains for both BG and DSJEX are heavily rotated — classic signs of a Chinese scam operation run from Southeast Asian compounds.

BG attempts to hide this truth by waving around a suite of forged certificates, all of which are now part of the knowledge base:

  • A counterfeit “Colorado Secretary of State” incorporation certificate
  • A laughably fake “70,000,000 share certificate” issued to “Stephen Beard”
  • A fraudulent “SEC Registration Certificate” styled like something from clip-art libraries
  • Bogus ASIC and US-based DSJ Exchange documents
  • Completely fabricated “Letters of Agency” between BG and DSJEX
  • A fictional “ten-year trading partnership” certificate

The forgery is bad enough. But the purpose behind it is worse:
to create the illusion of legitimacy so victims hand over real money.

The FCA Has Already Issued a Fraud Warning

On May 7th, 2025, the UK Financial Conduct Authority (FCA) publicly classified BG Wealth Sharing / DSJEX as:

“Suspected phishing. Providing or promoting financial services without permission. Avoid dealing with this firm.”

This is a red flag few scams ever recover from.

The FCA warning specifically lists:

  • Telegram accounts @BG_Stephen and @Elena1992818
  • The website dsjzn[.]com
  • Emails linked to bggp[.]vip and dsj777[.]com
  • A fake UK address that belongs to unrelated businesses

The FCA warns that victims are not covered by any consumer-protection scheme, including the FSCS.
In other words: if your money disappears, it’s gone.

The Website Content: A Masterclass in Manufactured Trust

BG Wealth Sharing’s website—across dozens of constantly changing domains—presents an entire fictional universe designed to pull victims into a single belief:

“You are joining a legitimate, long-term sharing economy project that will change your life.”

Their content is drenched in emotional appeals:

  • “Sharing is freedom.”
  • “Everyone can participate.”
  • “Ordinary people becoming extraordinary.”
  • “Become financially free within six months.”
  • “Long-termism leads to wealth compounding.”

None of this has anything to do with investing.

It is psychological conditioning, prepping victims to ignore their doubts and trust the group.

Trading Signals: The Heart of the Scam

BG lures people in with the promise of two fixed trading signals per day, allegedly with a 99.6% accuracy rate — a statistical impossibility outside of fantasy.

They then expand into additional “dynamic signals,” “permanent signals,” and “VIP signals” based entirely on recruitment performance.

The message is clear:
The more people you bring in, the more fake trades you get to click.

Their daily schedule reveals the truth:

Every “signal” is just a timed button press. Nothing more.
Clicking buttons does not execute real trades.
Clicking buttons does not generate real profit.
Clicking buttons does not move cryptocurrency markets.

The system pays early investors using new deposits — classic Ponzi recycling disguised as “AI trading.”

Again, a tip of the hat to Oz, who has tracked hundreds of identical “click-to-earn” Ponzis dating back to 2021, from MTX and QTCPCoin to MTS Foundation and Finopta.
They all follow the same pattern:
fake trading, real deposits, real losses.

The Compensation Plan: Recruitment, Not Investment

BG Wealth Sharing hides a full MLM structure behind the trading façade.
Their visual charts show:

  • 12 rank levels (LV1–LV12)
  • Monthly payouts that supposedly reach $100,000–$1,000,000
  • Multi-level recruitment trees (A1–A5 modelling)
  • Dynamic bonuses for every new deposit
  • Team dinners and recruitment events that reward organisers with cash

The recruitment requirements are unmistakable:

  • Recruit five direct members
  • Build teams of 25, 125, 500, 5,000, and even 300,000 people
  • Maintain strict activity
  • No “multiple accounts” (a convenient excuse to freeze withdrawals)

The mathematics is absurd.
No country has infinite recruits.
No market can support exponential growth.
No investment can legally promise “60% monthly returns” with:

  • Zero risk
  • Zero cost
  • Guaranteed compounding

These guarantees alone are a red flag so bright it should be visible from space.

The Reddit Whistleblower: Evidence of the Collapse in Motion

A detailed report from Reddit — now fully part of the knowledge base — confirms the inner workings of the scam, including the chilling moment the group finally snapped:

“He froze the accounts of over 200 people… took everyone’s money out… and claimed it would be returned in six months.”

Stephen Beard and his assistant Elena:

  • Blocked victims on BonChat
  • Threatened members who discussed the freeze
  • Ordered “no talk of this in the main group or you lose your money”
  • Confiscated funds without consent
  • Removed team leaders who stopped recruiting
  • Withheld dividends from anyone who missed Zoom calls
  • Imposed withdrawal caps under $2,000
  • Required “reasons” for every withdrawal request

This is exactly how Ponzi collapses unfold.

The scam only needs one moment where withdrawals exceed deposits.
From that point on:

  • Blaming victims
  • Freezing accounts
  • Inventing excuses
  • Creating new rules
  • Cutting off communication
  • Switching to new domains
  • Relaunching under a new brand

…becomes the standard playbook.

BG Wealth Sharing has already demonstrated every element of that collapse sequence.

The Domain Swaps: A Scam Trying to Outrun Its Victims

Here are some confirmed BG/DSJEX domains (from your evidence, the FCA, and Oz’s research):

  • dsjex[.]com
  • dsj011[.]com
  • dsj58[.]com
  • dsj112[.]com
  • dsj99[.]com
  • dsjads[.]com
  • dsjlc[.]com
  • dsjzn[.]com
  • bggp[.]vip
  • bg662[.]com

The rapid rotation is not “system upgrades.”
It is evasion of law enforcement and victims.

When a platform disappears, the scammers simply push everyone into the next identical site, often pretending it’s an “improved version.”

The Final and Most Important Point: Real Money In, No Money Out

Ponzi schemes always reach the same destination:

  • Early participants believe it’s real
  • Middle participants think “risk-free income” is normal
  • Late participants lose everything
  • The operators vanish
  • New scam launches under a different name
  • The cycle repeats

BG Wealth Sharing is there now.
The freeze has begun. The excuses have started. The victims are piling up.

And the operators are already shifting victims onto new domains.

Conclusion: BG Wealth Sharing Is a Textbook Ponzi — Get Out, Speak Up, Warn Others

Everything BG Wealth Sharing presents —

  • the fake professor,
  • the fake licences,
  • the fake trading signals,
  • the fake stock certificates,
  • the fake SEC filings,
  • the fabricated ASIC documents,
  • the scripted testimonials,
  • the doctored event photos,
  • the BonChat grooming,
  • the unrealistic ROI tables,
  • the multi-level recruitment model,
  • the account freezing,
  • the blaming of victims,
  • the domain swaps,
  • the FCA warning,
  • the Reddit whistleblower evidence,
  • and the full Ponzi structure documented by a tip of the hat to Oz

…points in one direction:

BG Wealth Sharing is not an investment opportunity.
It is organised financial crime.

If someone you know is trying to recruit you, understand this clearly:

They are either being scammed or helping scam you.
There is no third option.

The most powerful thing you can do is share this information.
It may save someone’s life savings.

Disclaimer: How This Investigation Was Conducted

This investigation relies entirely on OSINT — Open Source Intelligence — meaning every claim made here is based on publicly available records, archived web pages, corporate filings, domain data, social media activity, and open blockchain transactions. No private data, hacking, or unlawful access methods were used. OSINT is a powerful and ethical tool for exposing scams without violating privacy laws or overstepping legal boundaries.

About the Author

I’m DANNY DE HEK, a New Zealand–based YouTuber, investigative journalist, and OSINT researcher. I name and shame individuals promoting or marketing fraudulent schemes through my YOUTUBE CHANNEL. Every video I produce exposes the people behind scams, Ponzi schemes, and MLM frauds — holding them accountable in public.

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