BG Wealth Sharing & DSJEX Fraud Warning Issued by Nauru Authorities
Nauru Financial Intelligence Unit (NFIU) has issued a public fraud warning against BG Wealth Sharing and DSJ Exchange (DSJEX). The regulator has alerted residents and the public about this cryptocurrency investment scam operating through a mobile app.
Official Fraud Alert
On April 23, 2026, the NFIU warned that BG Wealth Sharing LTD and DSJEX are running a fraudulent investment scheme. These platforms promise high returns from crypto trading but are not licensed or registered with any financial authority in Nauru or elsewhere.
The NFIU specifically highlighted that both entities lack approval from the Command Ridge Virtual Assets Authority (CRVAA) or any other regulator.
How the Scam Works
BG Wealth Sharing operates as a “click a button” app-based MLM Ponzi scheme. Victims are directed from websites to the mobile app, which reportedly contains malware. This puts users at risk of financial loss and personal data theft.
The scheme follows classic Ponzi tactics:
- Promising lucrative returns on cryptocurrency trading
- Allowing small withdrawals to build trust
- Blocking large withdrawals by demanding extra “fees”
- Using recruitment to bring in new investors
Serious Risks Highlighted
The NFIU warned that scammers are targeting innocent people, especially elderly citizens who may be less familiar with online platforms. The regulator urged everyone to stay vigilant when dealing with internet payments, bank accounts, and social media offers.
Global Fraud Warnings
This is not the first alert. BG Wealth Sharing and DSJEX have already received fraud warnings from:
- Samoa (second warning)
- Australia
- New Zealand
- UK
- Philippines
- Washington, Utah, Saskatchewan
- Tonga and Bahamas
The scam has been active since 2021 and frequently changes website domains to avoid detection.
Current Active Domains (as of April 29, 2026)
- bg6988.com (registered April 26)
- err398.xyz (registered April 25)
- err532.xyz (registered April 25)
