ASC Issues Fraud Alert Against Polar Tensor
The Alberta Securities Commission (ASC) has issued an official securities fraud warning against Polar Tensor on May 14, 2026. The company is not registered to trade in or advise on securities or derivatives in Alberta, Canada.
Key Details from ASC Warning
According to the ASC, Polar Tensor and its related entity Polar Money are operating without proper registration. The Commission warns that the company may be targeting victims of the collapsed BG Wealth Sharing and DSJ Exchange Ponzi schemes.
Investors in Alberta are strongly advised not to deal with Polar Tensor. Dealing with unregistered firms offers no investor protections under provincial law.
What is Polar Tensor?
Polar Tensor is promoted as an AI trading bot, but it functions as an MLM crypto Ponzi scheme. It uses aggressive marketing to attract users, often promising high returns through automated trading.
The company operates through two main domains:
- polar-tensor.com
- polar-money.com
Key People Behind Polar Tensor
As of April 2026, Polar Tensor websites were receiving around 102,000 monthly visits. The majority of traffic came from Germany (98%), followed by the United States (1%).
Polar Tensor Traffic Statistics
The scheme is fronted by a person named “Felix Bick”, who is sometimes portrayed by an actor and other times shown as an AI-generated avatar. US national Bob Bearden is also reported to be heavily involved in the operation.
Investor Alert and Recommendation
Offering or promoting unregistered securities in Alberta is illegal. The Alberta Securities Commission urges investors to stay away from Polar Tensor and similar unregistered platforms to avoid potential financial losses.
