Texas Securities Board Halts Crypto MLM Scheme BG Wealth Sharing, Citing 60% Monthly Returns Claims

According to the Texas State Securities Board, on June 3 regulators issued an emergency cease and desist order against BG Wealth Sharing LTD and DSJ Exchange PTY Ltd, targeting an alleged crypto investment and multilevel marketing scheme. The scheme promised investors 60% monthly returns, a 99.6% trading success rate, principal protection, and the ability to become millionaires within months through recruitment bonuses.

Investors faced significant withdrawal barriers, including an initial 20% handling fee on account value, followed by an additional 12% charge tied to taxes and account transfers. Texas joins Washington and Hawaii in taking formal state securities action against the operation, while Utah and Alaska issued separate investor warnings. Multiple other states have responded to the scheme's reach across their jurisdictions.