Broadstreet is getting sued again.
The SEC is already suing it. Investors already filed a class action. Now a third lawsuit lays out exactly what allegedly happened to the money:
Broadstreet raised over $1 billion from investors and took 30% off the top in fees, more than $300 million "for 5 years of services that it never provided."
Investors got to pick from a menu: Bitcoin mining, altcoin mining, hotels, self-storage�� and a man-made beach called Crystal Lagoons.
Per the complaint:
- Returns were guaranteed as high as 28% a year - Old investors were paid with new investors' money, "in Ponzi-like fashion" - After a court blocked new fundraising in 2025, the money ran out
Now the exit plan: investors allegedly get restricted stock in two thinly traded public companies, which Broadstreet values at $3.6 billion "with absolutely nothing that supports that valuation."
Broadstreet allegedly keeps the hotels, the auto dealerships, and the water park.
The complaint's words: "This is theft in broad daylight."
@ShoukatA @notPBD This madarasa brain studied in US and instead if being grateful, he is accusing US…These creatures know only one thing “Ummah” - Time to Boycott all Pakistani businesses, Identify them and never give them jobs
@notPBD Pakistan is a rogue state and has taken advantage of the US while backing Islamic Terrorists through its Army….#BoyCott All Pakistani Businesses in US
@Iyervval@HMOIndia@PMOIndia Border states are Rajasthan and Gujarat too….Both have been attacked in the past and this time too and bore the brunt too…AND they were Sarees
@RoshanKrRaii Ohh sorry he forgot to inform you the reason he had to skip it…Next time you take a dump, please inform your followers as it may be taken as an ego not to give your daily calendar to your followers
@RoshanKrRaii@AdityaRajKaul You don’t need a good lawyer if absolute truth is on your side…Any vakil outside of district courts can help you….Don’t trust common ordinary lawyers? Ohh, you may need @DrAMSinghvi, he can get any video termed doctored
@sardesairajdeep@TajinderBagga Lol��He is not claiming that it was Rajdeep, he is just asking if it was him? Why are you all so triggered? Is freedom only for press? Can’t ask simple questions for clarification?
@naomi2009 The virus has spread all over the world and still left liberals can’t open their eyes….This is face of hardlined Islam….They have no argument about ancestral land in India, they were still given a separate state and they still claim more….It’s perfect what’s happening in GAZA