TORONTO – The Canadian Securities Administrators (CSA) today announced the adoption of a pilot project to allow eligible venture issuers to voluntarily adopt a semi-annual financial reporting framework (the SAR Pilot), subject to the terms and conditions in Coordinated Blanket Order 51-933 Exemption to Permit Semi-Annual Reporting for Certain Venture Issuers (the Blanket Order). The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns investors of an impersonation scam falsely claiming that former Prime Minister Justin Trudeau is endorsing an online investment platform called Eightcap, also known as Eightcap Invest. The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns investors of an impersonation scam involving the online entity using the website "theperidot com" (this URL has been manually altered so as not to be interactive). The website claims to be associated with an Australia-based business named Peridot Investment Management. The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) is warning Saskatchewan people of an impersonation scam on social media using fake videos claiming that celebrity entrepreneur Kevin O'Leary is endorsing an online investment platform called Enterprise2u. Make sure the individuals and companies you are dealing with are registered to sell securities and have not been disciplined for breaking laws. Find out if the business you are dealing with is licensed or registered by FCAA to operate in Saskatchewan.
Compensation Plan
BG Wealth Sharing / DSJ Ex Compensation Structure (Fraudulent)
The following describes the reported compensation structure of BG Wealth Sharing and DSJ Ex. These entities have received fraud warnings from Canadian regulators and should not be considered legitimate investment or business opportunities.
Reported Structure
Wealth Sharing Returns: Participants reportedly invested cryptocurrency and received promised daily or weekly returns presented as profit-sharing from trading activities.
Investment Tiers: Multiple deposit levels with escalating promised return rates, designed to encourage larger investments.
Passive Income Claims: The scheme marketed itself as requiring no active participation beyond the initial investment, promising automated returns.
Recruitment Commissions
Direct Referral Bonus: Percentage-based commissions on the investment amounts of personally referred participants.
Multi-Level Team Bonuses: Commissions extending through multiple referral levels, creating a pyramid recruitment structure.
Rank Advancement Bonuses: Additional bonuses for achieving team investment volume milestones.
Why This Is Fraudulent
Canadian regulatory authorities have issued specific fraud warnings about this operation.
Not registered as a securities offering or investment product in any jurisdiction.
No verifiable trading activity or legitimate revenue source.
Returns funded by new participant deposits constitute a Ponzi scheme.
Rebranding from BG Wealth Sharing to DSJ Ex suggests pattern of serial fraud.
Participants face risk of total and permanent loss of invested funds.
Legal Warning
Promoting this scheme in Canada may violate provincial securities laws and federal fraud statutes.
Report this operation to the Canadian Anti-Fraud Centre at 1-888-495-8501.
Do not invest any funds in this or any related schemes.
