BG Wealth Sharing Scam: Demands $1000 “New Withdrawal Fee” After Fake Taxes Exit-Scam
The already collapsed BG Wealth Sharing Ponzi scheme is now demanding an extra $1000 from victims. Scammers are calling it a “security deposit and infrastructure fee” to build a new withdrawal system.
This latest demand comes after a 12% “fake taxes” exit-scam that reduced the number of remaining investors.
Fake Excuse: Building a New Withdrawal System
On social media, the scammers claimed they need to create an entirely new withdrawal platform. They say it requires “significant manpower, time, and financial resources.”
However, experts and investigators point out that no real system is being built. The $1000 fee is simply another way to collect more money from victims before the scheme fully disappears.
Fictional Leaders Behind the Scam
The message was signed by “Professor” actually Stephen Beard, a fake CEO.
The attached fake trading platform DSJEX is now promoted by a new actor named “Joseph Smith”.
Both characters are believed to be AI-generated or played by European expats in Thailand. The actual operators are Chinese scammers.
BG Wealth Sharing: A Classic Click-a-Button MLM Ponzi
BG Wealth Sharing is an MLM “click a button” app Ponzi scheme. These types of scams have been widely documented since 2021.
- Original version collapsed in late April 2026
- Followed by a 12% “fake taxes” recovery fee
- Deadline was extended multiple times (originally May 7, then May 9)
- Most investors who paid the fees lost more money
Major Losses and Law Enforcement Action
Since the collapse, authorities have seized over $41 million from the scammers.
Two arrests were made in Thailand, but the main operation continues from a compound in Cambodia.
Active Scam Domains (As of May 14, 2026)
- pll217.icu (registered April 29, 2026)
- bgwealthltd.5624.eu
The group frequently changes domains to avoid detection
