Hawaii's Department of Commerce and Consumer Affairs has issued a preliminary Cease and Desist Order against BG Wealth Sharing, LTD and two individuals accused of soliciting unregistered investments tied to cryptocurrency across the islands. The state alleges the company held presentations promising extraordinary returns, including claims that anyone could become a millionaire in 11 months, and offered rewards for recruiting new participants. One investor who asked not to be identified said she got involved after a family member introduced her to the opportunity, investing $1,000 herself while others around her put in anywhere from $5,000 to upwards of $50,000 based on the same promises of daily growth and financial security.

The state's order is administrative rather than criminal, demanding the company cease offering or selling investments in Hawaii and seeking $150,000 in penalties. The BG Wealth Sharing website now appears seized, and federal authorities including the FBI have reportedly become involved in the case. Hawaii's state Securities Enforcement Branch has urged anyone who invested in or was solicited by BG Wealth Sharing to contact its Scam Line or file a complaint with the FBI's Internet Crime Complaint Center. The local operators named in the Cease and Desist order had not responded to requests for comment at the time of reporting.