The Financial Markets Authority (FMA) of New Zealand added BG Wealth Sharing Group to its list of "click a button" app Ponzi frauds on January 15th, 2026. This action signals a warning to investors about the scheme's deceptive practices, which typically promise high returns for minimal effort.
DSJ Exchange, also known as DSJEX, operates as a fraudulent cryptocurrency exchange directly connected to BG Wealth Sharing. Both entities are run by the same group of scammers. The FMA included DSJ Exchange on its warning list around April 17th, 2025, identifying it as another facet of the same illicit operation.
The FMA cited a long list of DSJ Exchange website domains. Many of these have already been abandoned. Domains like dsj10.com and dsj15.com were privately registered on April 29th, 2025, and are no longer active. Several other domains, including dsj33.com, dsj8.com, dsj99.com, dsjex.com, dsjex112.com, dsjex321.com, dsjex369.com, dsjex789.com, dsjex998.com, dsjoo.com, dsjqq.com, and dsjvv.com, have been flagged for fraud by CloudFlare, a key internet infrastructure provider. These flagged domains show a pattern of recent private registration, mostly between August and October 2024, with updates as late as May 2025.
Some DSJ Exchange domains, such as dsj96.com, dsjads.com, dsjex.pro, dsjex.shop, dsjex.xyz, dsjex66.site, and dsjex88.blog, are listed as abandoned due to expired registrations. The domain dsj8.com, while flagged by CloudFlare, shows an initial registration in July 2014, with its private registration last updated on May 19th, 2025. This suggests the reuse of older, possibly legitimate, domain names for fraudulent purposes.
BG Wealth Sharing operated from the domain "bg662.com" until approximately January 19th. That domain is now abandoned. A known active DSJEX domain, "dsj079.com," had its private registration last updated on January 22nd, 2026. This rapid cycling through web addresses is a common tactic for Ponzi schemes to evade detection and maintain operation as previous domains are blacklisted or shut down.
"Click a button" app Ponzis like BG Wealth Sharing and DSJ Exchange entice victims with promises of high, guaranteed daily returns from minimal interaction with a mobile application. Users are often told they can earn significant passive income by simply logging in and pressing a button to "execute trades" or "mine cryptocurrency." The schemes display fabricated profits on an in-app dashboard, creating an illusion of successful investment.
These operations typically rely on a continuous influx of new investor funds to pay off earlier investors, a classic hallmark of a Ponzi scheme. When recruitment slows, the system collapses, and later investors lose their entire principal. Scammers frequently use social media platforms and encrypted messaging apps to spread their false promises, targeting individuals with little investment experience.
The FMA's warning serves as a critical measure to protect New Zealand consumers from financial harm. Regulators globally, including the U.S. Securities and Exchange Commission (SEC) and the UK's Financial Conduct Authority (FCA), regularly issue similar alerts against such app-based investment scams. These fraudulent entities frequently originate from outside the jurisdiction where victims reside, complicating enforcement efforts.
Perpetrators often hide their identities through private domain registrations and operate across multiple, ever-changing platforms. This makes it challenging for authorities to trace the individuals behind the scams and recover lost funds. Victims often face significant financial losses and emotional distress, with little recourse for restitution. The FMA encourages vigilance against unsolicited investment offers, especially those promising unrealistic returns or requiring immediate investment decisions. Consumers can verify legitimate financial service providers through the FMA's official register.