Parents falling for BG Wealth Sharing scam

A reddit report about a rental scam that cost someone $1000.0. Learn how to avoid falling victim.

My parents are in their 50s and 60s and keep guilt tripping me to let them help me sign up for a trading platform called BG Wealth Sharing/DSJ Exchange. For reference, it is a trading website where you join a group chat to obtain codes. You copy and paste the codes in the website 2x a day to trade. They have fallen for scams before so obviously I was skeptical. I did some digging and it literally isn’t registered with the SEC and it is flagged as a scam in several countries (so far Canada, Philippines, Tonga, and others). There’s almost no reason for it not to be registered with the SEC and other verified trading sites. They both fully believe it is legit. I told them about my research on it and they think I am confusing it with another BG Wealth Sharing/DSJ Exchange (I’m not). That doesn’t make any sense, also what are the odds that there will be another trading platform with the same name? Seems unlikely to me. They go on ā€œseminarsā€ and claim that it is legit because the ā€œguy in the seminarā€ is a legit trader and ā€œbecause he said so.ā€ They heard about it from our Filipino friend (we’re Filipino), so both of my parents trust her even though she has brought them into scams before. They already made accounts and put at least $1000 in it and were planning to do the same for me and my siblings. They say they want us to do it so we can have extra money and go back to the Philippines, which I understand, but it quite obviously is a scam. I was hoping it isn’t a scam to give them the benefit of the doubt but the research says otherwise. Me and my siblings are aware it is a scam but they don’t believe us no matter what we say because according to them we don’t know what we’re talking about. They get annoyed and agitated when we mention it’s a scam. It’s coming to a point where I am worried because they have fallen for scams before and have taken money from their 401k’s to put into scammy websites/apps. How can I convince them that it is a scam? TLDR: Parents have fallen for scams before and are guilt tripping me and my siblings to join BG Wealth Sharing/DSJ Exchange.

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1

Always verify email senders and avoid clicking suspicious links

2

Install reputable antivirus software with email scanning

3

Never click links or download attachments from unsolicited emails

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