Texas finally took action, AI + multi-level marketing + zero-risk commitment, this recipe is as familiar as ever, and it's outrageous that the old tricks of faking dashboards can still fool people.

CoinWorld News reports that Wu said that the Texas Securities Commission (TSSB) announced on June 3rd that it had issued an emergency cease and desist order against BG Wealth Sharing Ltd and its affiliated crypto trading platform DSJ Exchange, alleging that they solicited unregistered securities from Texas investors through AI crypto trading signals and multi-level marketing schemes, promising high, "zero-risk" returns. The regulatory document states that the project used fake dashboards to display profits, investors were unable to withdraw funds and were then asked to pay additional fees. TSSB accuses the involved parties of engaging in unregistered securities issuance, unregistered broker/agent activities, and fraudulent sales practices.