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Hawaii investors warned after BG Wealth Sharing, LTD cease and desist

Reported by Khon2
May 13, 2026· 3 min read
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Key Takeaways
  • • Hawaii's Department of Commerce and Consumer Affairs issued a preliminary Cease and Desist Order against BG Wealth Sharing, LTD and two individuals (Cranci Ilima Luci Hoopai and Ligaya Joy Arcenas) for soliciting unregistered cryptocurrency investments across the islands.
  • • The scheme promised unrealistic returns including claims that "anyone can be a millionaire in 11 months" and offered rewards for recruiting additional investors, demonstrating pyramid scheme characteristics.
  • • Individual investor losses ranged from $1,000 to $50,000 or more, with federal authorities including the FBI reportedly involved in the investigation alongside state regulators.
  • • The state's administrative order seeks $150,000 in total penalties ($50,000 per respondent) and demands cessation of all investment solicitation in Hawaii; the BG Wealth Sharing website has appeared seized by federal authorities.
  • • Despite regulatory action, investors continue receiving contact from BG Wealth Sharing operators, creating ongoing fraud risk and highlighting the vulnerability of trust networks and family referrals in perpetuating cryptocurrency investment schemes.
Summary
Hawaii's Commissioner of Securities has taken enforcement action against BG Wealth Sharing, LTD, an entity accused of operating an unregistered cryptocurrency investment scheme targeting state residents. The preliminary Cease and Desist Order, issued on May 6, 2026, names the company and two individuals—Cranci Ilima Luci Hoopai and Ligaya Joy Arcenas—as respondents. State regulators allege that presentations held across the Hawaiian islands solicited investors through cryptocurrency-based platforms with promises of extraordinary returns and recruitment incentives typical of pyramid scheme structures.

The marketing claims made by BG Wealth Sharing proved particularly aggressive, promising that "anyone can be a millionaire in 11 months" and assuring investors that their capital would be "safe" and "grow daily." According to one identified victim, initial investment minimums ranged from $1,000 for individual participants to $5,000–$10,000 and upwards of $50,000 for larger investors. The scheme exploited trust relationships, with the identified investor noting she was introduced to the opportunity by a family member, a vulnerability the Better Business Bureau identifies as a common vector in investment fraud.

The state's administrative enforcement action seeks cumulative penalties of $150,000 (assessed at $50,000 per respondent) and imposes a permanent injunction against all future solicitation of Hawaii residents. The BG Wealth Sharing website has since appeared seized, with federal authorities including the FBI reportedly engaging in parallel investigative activity. However, regulatory action has not halted all communications; the victim reported that BG Wealth Sharing continues contacting investors with promises of future returns, sustaining false hope among affected parties who remain uncertain whether capital recovery is possible.

This enforcement action underscores Hawaii's particular vulnerability to cryptocurrency fraud schemes. The state's regulatory response addresses both the unregistered securities violations and the scheme's core mechanics—high-yield promises, recruitment-based compensation, and reliance on personal networks to drive enrollment—consistent with pyramid scheme structures. The ongoing contact from operators despite regulatory intervention highlights the challenge regulators face in preventing further victimization once schemes become distributed across community trust networks.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Khon2 Hawaii investors warned after BG Wealth Sharing, LTD cease and desist