Polar Tensor Securities Fraud Warning Issued by BCSC
The British Columbia Securities Commission (BCSC) has issued a formal securities fraud warning against Polar Tensor on June 1, 2026.
Why BCSC Issued the Warning
According to the BCSC, Polar Tensor is not registered to sell investments in British Columbia. The regulator has strongly advised people to exercise extreme caution and avoid handing over any money to this company.
Polar Tensor: MLM Crypto Ponzi Scheme
Polar Tensor operates as an AI trading bot that promotes an MLM (multi-level marketing) investment model. Authorities classify it as a crypto Ponzi scheme. The operation uses “Felix Bick” as its public face sometimes portrayed by an actor and other times by an AI-generated avatar.
US national Bob Bearden is also reported to be heavily involved in the scheme.
Alberta Securities Commission Warning
The Alberta Securities Commission (ASC) had already issued a similar fraud warning against Polar Tensor on May 14, 2026. The ASC also noted that victims from another scheme, BG Wealth Sharing, were being funneled into Polar Tensor.
Suspicious Website Response
On the same day the BCSC released its warning, Polar Tensor posted a message claiming it was “under attack” and disabled parts of its website. Such statements are common in Ponzi schemes when regulators take action.
Withdrawal availability remains unclear. In most Ponzi schemes, once warnings are issued, access to funds is often restricted or stopped completely.
Important Reality Check
In schemes like Polar Tensor, investor funds are typically lost the moment they are deposited. The “AI trading bot” story is used only to attract new victims.
Polar Tensor Website Traffic (April 2026)
- Monthly visits: Approximately 102,000
- Top traffic source: Germany (98%)
- Second: United States (1%)
