Regulatory Alerts2026-02-11
Added · Updated
Joint Warning on Ponzi-Style Investment Scams Targeting Tongan and New Zealand Communities
The Financial Markets Authority of New Zealand and the National Reserve Bank of Tonga have issued a joint warning regarding a Ponzi-style investment scam operating under the names BG Wealth and DSJ EX. The scheme targets Tongan and New Zealand communities through social media groups, promising unrealistic 100% returns before locking accounts and preventing withdrawals when victims attempt to exit. Authorities urge the public to avoid these schemes, report suspicious activities immediately, and seek assistance from designated cybercrime units if victimized.
Topics
Share