Retirees sue fund linked to public Dogecoin miner Z Squared

Z Squared, a public company that got Dogecoin mining rigs from a fund advertising 28% annual returns for investors, is facing SEC enforcement actions, a new seven-figure lawsuit from retirees, and a stock price down 76% over the past year.

Reitrees Paula and Stephen Darby, both 77 years old, sued Broad Street Global Management, LLC, BroadStreet, Inc, Steven Baldassarra, and Joseph Baldassarra in Miami federal court on September 4, and the court issued summons yesterday.

The Darbys allege that the Baldassarras “are trying to steal over half a billion dollars from their own investors, including the Darbys’ approximate $1,415,373.”

Anyone can make allegations in a civil lawsuit, which aren’t necessarily indicative of wrongdoing. Readers of a legal complaint shouldn’t interpret initial claims by plaintiffs seeking money as accurate nor probable.

The Broad Street Global Fund allegedly transferred investment interest from some of its investors into a Nasdaq-listed Dogecoin miner, Z Squared, whose ZSQR common stock has declined 76% over the past 12 months.

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