The U.S. Securities and Exchange Commission (SEC) has removed documents allegedly used to lend legitimacy to a $130 million cryptocurrency investment fraud. The SEC said BG Wealth Sharing and DSJ Exchange used false information in public databases to present the companies as government-authorized businesses. The alleged scheme raised more than $130 million from tens of thousands of investors in the United States and other countries, causing losses of more than $100 million. The SEC has sued both companies and is seeking financial penalties, permanent injunctions, and the return of allegedly ill-gotten gains, with interest. Recovery of investors’ losses remains unresolved.
