Gagan Sarkaria Issues Cease and Desist Over Ponzi Scheme Allegations
Gagan Sarkaria, known for her promotion of the fraudulent Ponzi scheme BG Wealth Sharing, has sent a cease and desist letter threatening legal action against critic Danny de Hek. This move follows unfavorable coverage of her involvement in the scheme, which has since collapsed.
Background on Sarkaria and BG Wealth Sharing
Sarkaria, a Texas-based business and life coach, describes herself on her website as a high achiever who runs a creative agency called Unfold Your Success, LLC. Notably, she was a leading promoter for BG Wealth Sharing, an app that was associated with a network of fraudulent activities linked to Chinese scammers and was launched in early 2025.
Prior to her role with BG Wealth Sharing, Sarkaria was involved with another questionable venture, Blockchain Sports, which also faced accusations of operating as a Ponzi scheme. This history raises significant concerns about her business practices.
Cease and Desist Notice Details
In her cease and desist letter, Sarkaria demands that de Hek cease any further publication of what she describes as false and defamatory statements regarding her and BG Wealth Sharing. She specifically targets online platforms like YouTube and claims that de Hek has circulated unverified and misleading information without contacting her for clarification.
“It has come to my attention that you have utilized online platforms to circulate and amplify unverified allegations without conducting any legitimate investigative communication with me whatsoever.”
This statement from Sarkaria raises eyebrows, particularly as it attempts to downplay her active promotion of BG Wealth Sharing. During one promotional event, she claimed it was the “world’s largest hedge fund for retail investors,” promising returns that many now suspect were unsustainable and misleading.
Industry Implications
The fallout from BG Wealth Sharing's collapse in late April 2026 has not only affected its investors but has also drawn the attention of regulatory bodies. The British Columbia Securities Commission included Sarkaria’s promotional website in a fraud warning issued earlier in January 2026.
Her actions, including the disablement of her promotional website, suggest an urgent need to distance herself from the repercussions of the failed scheme. This is significant as it not only highlights the potential legal repercussions for Sarkaria but also raises questions about the ethical responsibilities of MLM promoters.
What This Means for the MLM Community
The legal threats posed by Sarkaria serve as a stark reminder to other MLM distributors of the importance of due diligence and ethical marketing practices. Engaging with or promoting potentially fraudulent schemes can lead to severe repercussions, including legal action and reputational damage.
For consumers, this incident underscores the risks associated with investing in MLMs and highlights the necessity of thorough research into a company's legitimacy. It is a clear warning to be wary of promises that seem too good to be true, especially those involving high returns in a short timeframe.
Looking Ahead
As the situation unfolds, observers in the MLM industry should watch for potential legal developments involving Sarkaria and any further actions from regulatory bodies regarding BG Wealth Sharing and its promoters. This could set precedents for how similar cases are handled in the future.
