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DOGE 
LTC Two 77-year-old retired couples have sued Broad Street Global Management for more than $1.4 million
Two 77-year-old retirees have filed a lawsuit against Broad Street Global Management and related parties alleging that they were denied payment of more than $1.4 million in due payments after choosing to convert their investments into cash.
Paula and Stephen Darby filed a complaint on September 4 in the U.S. District Court for the Southern District of Florida. The couple, one is a retired elementary school teacher and the other is a former manufacturing representative. They said they invested most of their life savings in the Broad Street Global Fund.
Based on the content of the complaint, Broad Street sent a redemption notice to investors on November 14, 2025, offering two options: one is to obtain cash equal to its capital account balance within 180 days; and the other is to obtain shares in a special purpose acquisition company (SPAC). The Darby couple chose the cash option.
However, they accused Broad Street of telling investors on May 22, five days before the payment deadline, that the company would instead make redemptions in stock. The Darby couple demanded at least $1.42 million in damages, the recovery of allegedly misappropriated assets and unpaid allotments, the dissolution of the fund, and the appointment of a receiver to oversee its liquidation process.
These claims are only allegations in civil litigation and have not yet been subject to judicial determination. In addition, Broad Street is facing another enforcement case filed by the U.S. Securities and Exchange Commission (SEC) in January 2025. The SEC accuses the fund of raising more than $1 billion from more than 1000 investors through "multiple fraud." In April 2025, a federal judge appointed an ombudsman.
The SEC case is important because it involves the same fund and the same defendants the Darby couple now accuse them of refusing cash redemptions.
How cryptocurrencies became part of the controversy
Cryptocurrencies entered the controversy through Broad Street's Altcoin Mining Series series. The Darby couple alleges that Broad Street transferred the business to Z Squared, a cryptocurrency mining company, through a deal involving former Coeptis Therapeutics Holdings.
The transaction will be completed on April 24, 2026. Subsequently, Z Squared became a NASDAQ listed company with the ticker symbol ZSQR, and its business focused on mining Dogecoin and Litecoin. BSG Series CM contributed approximately 9,800 mining machines in exchange for 43.9 million shares and immediately after the merger became the controlling shareholder of Z Squared, with approximately 80% equity.
However, the business has struggled to turn mining into profit. Z Squared reported mining revenue of $1.58 million in the second quarter, including $1.39 million from Dogcoin, but a net loss attributable to common shareholders of $13.72 million.
Its share price also fell sharply from a 52-week high of $21.41 and was trading at around $3.27 as of September 10.
Retired couples believe that investors should get the cash of their choice rather than being forced to accept stocks linked to a loss-making cryptocurrency mining business. Currently, their lawsuit and the SEC's enforcement process are still ongoing.
