La SEC de Filipinas emite una orden de cese y desistimiento contra la estafa de trading cripto de BG Wealth

• La SEC de Filipinas emitió una orden de cese y desistimiento contra BG Wealth por incumplimiento y la señaló como fraude financiero.

Después de alrededor de un año operando en varias jurisdicciones, incluidas EE. UU., Samoa y Filipinas, por fin la Comisión de Bolsa y Valores (SEC) de este último país emitió una orden de cese y desistimiento contra BG Wealth Sharing Ltd. A través del Departamento de Cumplimiento y Protección del Inversionista del regulador filipino, ordenó a la empresa, incluido su equipo directivo, representantes y promotores, detener sus transacciones y actividades de marketing.

What is BG Wealth

BG Wealth is a crypto scam ring founded and operated by Stephen Beard, a self-proclaimed professor and investment guru. According to the Washington State Department of Financial Institutions (DFI), the company marketed itself as an investment group and “the world’s largest hedge fund.”

The fake investment firm enticed people to join its social media channel, particularly on Facebook. From there, its operators urged unsuspecting victims to join its group via messaging apps such as WhatsApp, Telegram, Signal, or Bonchat, where they encouraged them to invest in an associated trading platform, DSJ Exchange.

ADVERTISEMENTInitially, BG Wealth gradually builds its members’ confidence by generating “advanced trading signals” with “zero risk.” These eventually translate into unrealized gains in their DSJ accounts of up to $1,500 for every $2,000 invested.

In reality, the perpetrators are allegedly just doctoring all the exchange’s data to make it appear that actual trading is taking place and that its users are benefiting from its sophisticated strategy. Meanwhile, BG Wealth immediately siphons all the money investors have poured into DSJ into its own bank accounts.

Overall, it’s a clear Ponzi scheme since it generates revenue only from new users to pay out older ones. The scam eventually unraveled when various regulators flagged BG Wealth’s activities, and users began having trouble withdrawing their funds. DSJ mysteriously freezes during those attempts, masking the issue as a mere technical glitch rather than a measured exit scam from the culprits.

ADVERTISEMENTWhat’s worse, as the Federal Bureau of Investigation (FBI) seized its platforms, BG Wealth made a last-ditch effort to demand “advanced fees” from users with frozen funds to supposedly help them withdraw their money.

Fundamentos de la orden de cese y desistimiento

Bitpinas informó que la SEC filipina determinó que el negocio de BG Wealth infringía el Código de Regulación de Valores (SRC) y la Ley de Protección al Consumidor de Productos y Servicios Financieros (FCPA). La agencia utilizó el destacado Test de Howey como base para la orden de cese y desistimiento, al concluir que la falta de registro y licencia de la empresa para vender u ofrecer valores en su oferta pública constituía fraude financiero.

De forma extraña, la orden más reciente de la SEC solo se centró en el aspecto de cumplimiento del negocio de BG Wealth. Aunque mencionó que el fraude financiero incluye captaciones engañosas, como esquemas Ponzi, no reiteró sus conclusiones anteriores de que el negocio operaba un elaborado esquema Ponzi.

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