Here is a great example of how people scam themselves with trading apps like BG Wealth Sharing, Bitnest and Quantro Network.
I got a comment on my BG Wealth Sharing Alberta Fraud Warning video:
The Alberta ASC Regulator issued an investors fraud warning alert on January 15th, 2026 against BG and added it to their list of scam.
A person who’s father was introduced to BG Wealth Sharing by a long time family friend is skeptical but doesn’t want to miss out…
They go on to say…
Two months ago on Dec 6th 2025 my father was gifted $500 from his referrer, (who is also a long time friend and has been in BG for nearly a year), to start BG Wealth Sharing and I have been helping every day with nearly all the “trades” twice a day on the DSJ Exchange for that last two months.
This person believes that he or she is trading with the ‘copy and paste’ trading signals.
But they are unaware of the success rates of pro traders which according to statistics are a 50% median rate:
The way its works is, the Ai on the DSJ Exchange will take 1% of your invested balance and trade with it twice a day daily, with a 60% – 64% Rate of Return. Out of over 100 trades, I have only lost once. As of today, Feb 1st, the $500 has now double to approximately $1003.56.
They actually believe they are trading even though this person has no experience trading. If they did, they would know that it would be impossible for them to only lose 1 trade out of 100.
Even though BG Wealth Sharing boasts a 99.6% win rate:
They are making it look like the app is losing some times to keep it appearing real.
We have not invested any of our money, we started from a $500 gift and so far we have not been scammed. I’ll be sure to let the world know if or when we get scammed, maybe the best idea is to take the money we’ve made so far and run.
They really believe in the numbers on their screen that this is real money.
I am very divided however because part of me sees all the red flags, and the other part of me tells me that our long time friend, (our referrer), wouldn’t lie to us on this.
This person is trying to justify why their long time family friend wouldn’t lie or bring them into a scam knowingly.
He has showed is transactions and transfers of tens of thousands of dollars with in the last year and has nearly $80.000 invested currently in the DSJ Exchange.
What exactly are these ‘transactions’ this person was shown?
And if they are true, is it for ‘referral income’ or purely passive income?
I’ve know him since I was a child and hes a lot like a uncle to me. The numerous amount of red flags worries me but as of right now we have nothing to lose given that were playing with free money.
Well either your Uncle / family friend knows BG Wealth is a Scam or he is drinking too much Kool-Aid.
If he himself believes BG is real, then he may actually believe it’s real or sees the red flags and has decided (or hopes) it works out.
Your father (and you) may start to actually believe you are making big money and may end up investing money out of your own pocket.
So far they have gotten fraud warnings from British Columbia, Alberta, Australia, Bank of Tongo, UK and New Zealand.
But it seems that because people see $$$ on a screen:
They get quirky and fall for the scam (even though their own intuition is telling them to stay away).
Conclusion:
People are introduced to a scam by family and friends.
They see an app.
They see numbers on a screen getting higher as time goes on.
They see red flags like:
BG Wealth Sharing Founder has no digital foot print to verify his credentials outside of BG
An App that boasts a 99.6% Win Rate in Trading
Fake Registration, virtual addresses and many fraud warnings
Ridiculous Returns promising that they are going to 1000 X times their investment in 18 months
But because of more numbers on a screen they start to question their own intuition (gut) telling them it’s a scam because greed kicks in…
FOMO is by far one of the biggest motivators in the masses to make a decision and to act.
The majority of people take a very long time to make decisions that could help them but if they see something that appears to be fast big money and FOMO kicks in, they usually get scammed.
In the end BG Wealth Sharing is just another ‘Pig Butchering Scam’ among many where they usually allow investors to withdraw some small amounts (of their own money) in the beginning to make them ‘believe’ it’s real.
And it works like a charm!
There was a big scam called LSSC Scooters that stole Billions of dollars from investors last year with a fake scooter rental company.
They stole from so many people that Lightning Shared Scooter Company was featured on the NBC News:
Oliver got introduced by his own sister, saw big money on a screen and sadly ended up losing $65,000 that took him years to save up.
BG may actually be owned by the same group of scammer out of China.
Eventually more people will still get into BG before it finally rugs / collapses and it will leave the majority of investors in deep losses just like with any other ponzi scheme.
-Rory Singh
Content Creator & Reviewer (EX Canadian Truck Driver)
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Yup! And they never seem to learn. The same people keep investing in these scam apps hoping to strike it rich. But they keep scamming themselves. Great post Rory!
Yes maybe it’s a gambling issue for some people Jim.