Thousands of people have already trusted BG Wealth Sharing, only to face heavy financial losses.
But is this platform truly legitimate, or just another scheme preying on unsuspecting investors?
Before you consider investing a single rupee, it’s crucial to examine whether BG Wealth Sharing operates legally in India, and what the regulatory facts reveal about its operations.
Is BG Wealth Sharing Legal in India?
BG Wealth Sharing presents itself as a crypto investment platform and promotes so-called “AI-based trading signals” via DSJ Exchange, but in practice, it operates very differently.
Victims are mostly approached through Telegram accounts.
The platform also invents a fake founder, “Professor Stephen Beard,” claimed to be a former Gemini Exchange executive who started the company in 2018, an identity that does not exist and is backed by AI-modified stock photos rather than any real person.
So, is the platform legit and legal in India?
The simple answer is no. Let us explain why Indian investors face serious legal risks.
According to SEBI regulations, any platform offering investment services must register. BG Wealth Sharing has zero SEBI registration. This violates Indian securities law completely.
According to the Securities and Exchange Board of India Act 1992, unregistered investment advisors face criminal prosecution.
The platform operates illegally within Indian jurisdiction. Moreover, promoting such schemes may constitute financial fraud.
- SEBI Registration Status: Not registered
- RBI Authorization: Not authorized
- Legal Standing: Operating illegally
According to Reserve Bank of India guidelines, cryptocurrency investments require proper authorization.
BG Wealth Sharing bypasses all regulatory frameworks. They collect investments through unauthorized channels.
Is BG Wealth Sharing Safe?
Understanding their illegal practices helps protect your money.
Let’s examine each violation systematically:
- Unregistered Securities Offering
According to regulatory frameworks worldwide, selling investment contracts requires registration.
BG Wealth Sharing sells securities without any authorization.
This violates securities laws in every regulated jurisdiction.
- Multi-Level Marketing Pyramid Scheme
According to Indian law, pyramid schemes are illegal under the Prize Chits and Money Circulation Schemes (Banning) Act 1978.
BG Wealth Sharing operates a seven-tier recruitment structure. Revenue depends entirely on new investor recruitment.
The platform claims unrealistic 1.3% returns daily.
Now, such returns are not real and are promised just to trap people in the scheme.
- Commodities Fraud
According to BehindMLM’s legal analysis:
BG Wealth Sharing, generating revenue via trading, requires it to register with the CFTC
They claim to execute cryptocurrency trades.
However, they lack proper commodities trading authorization. According to US law, this constitutes commodities fraud.
- Fake Registration Documents
BG Wealth Sharing’s website presents an entire fictional universe designed to pull victims into believing they are joining a legitimate project
They display counterfeit SEC certificates. According to investigative analysis, these documents are fabricated. The Colorado incorporation certificate is forged.
Legal Implications
Displaying fake regulatory documents is fraud.
According to multiple jurisdictions, this violates securities fraud statutes. Moreover, it constitutes criminal misrepresentation.
How to Report Investment Scams?
Despite recovery challenges, reporting remains crucial. Your complaint helps prevent others from losing money.
Here’s exactly where to file reports:
1. File a complaint in Cyber Crime
- File FIR online for cyber fraud
- Upload all evidence documents
- Report unauthorized investment platforms
- SEBI investigates illegal securities offerings
3. Report To Reserve Bank of India
- Report unauthorized financial services
- File complaints about illegal forex trading
4. Financial Intelligence Unit
- Report suspicious financial transactions
- Flag money laundering activities
Act quickly before the evidence disappears. Platforms frequently change domains.
Moreover, chat groups get deleted without warning.
Need Help?
Have you invested in BG Wealth Sharing? You’re not alone in facing this crisis. Expert assistance is available immediately.
If you’re facing this issue, register with us now.
Our specialized team provides:
- Legal consultation for fraud victims
- Cybercrime complaint filing assistance
- Cryptocurrency transaction tracing
- Documentation preparation for authorities
- Connection with law enforcement agencies
Recovery remains extremely challenging despite our best efforts.
However, reporting strengthens legal cases against scammers. Moreover, your testimony protects potential future victims.
Conclusion
BG Wealth Sharing operates completely outside legal frameworks.
According to official warnings from FCA (UK) and OSC (Canada), they provide unauthorized financial services. The platform violates securities laws across multiple jurisdictions.
According to investigative research, they have zero legitimate regulatory licenses. SEBI hasn’t registered them in India.
The SEC registration, they claim, is fraudulent. Moreover, their founder, “Professor Stephen Beard,” is fictional.
The legal verdict is clear: BG Wealth Sharing is illegal. They operate as an unregistered securities offering.
The multi-level marketing structure violates pyramid scheme laws. Additionally, their fake trading mechanism constitutes fraud.
Protect yourself by avoiding all unauthorized investment platforms. Verify regulatory licenses before investing any money.
Moreover, remember that guaranteed returns don’t exist legally. Any platform promising them is breaking the law.
Stay informed. Stay within legal investment frameworks only.
