Author Topic: Time for some proper due diligence/ independent auditing in our communities  (Read 290163 times)

Offline Traveler718

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FWIW, Twitter account says: "BlackBird was launched on October 1st, 2014 with the goal of generating world-class investment returns over the long-term."

Twitter account was created ... June 2023.

BlackBird Financial LP
@BlackBird_HQ

Offline imayid2

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I'm not commenting on its application here, but causing someone to lose business is definitely mazik. The shelo k'din refers to the speaker, not the one who stops patronizing the business. If the LH is mazik and the speaker did not have a right to cause that hezek, it would be shelo k'din even if the person "has every right to withdraw on a whim".
https://forums.dansdeals.com/index.php?topic=11285.new#new

Offline cholent

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Came on to post this, you beat me to it
Don't ask stupid questions and you won't get stupid answers

Offline Euclid

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seem to indicate immaturity
Yuuuup. I don't think he intended/intends to run a scam. He's just in way over his head

Offline dealfinder11

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Yuuuup. I don't think he intended/intends to run a scam. He's just in way over his head

He names Berkower as his auditor in is form ADV filing with the SEC, yet Berkower denies ever auditing Blackbird.

Offline moshe25

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A lot of these "inconsistencies" are easily explainable to anyone interested in finding out and calling him instead of being hocker/know it all and needlessly destroying someones business if you didnt put in the effort to at least speak to him. there's no heter if you dont know it for a fact having questions is not knowing it for a fact
ps with all the uncalled for hate regarding his looks[seriously?!] and stuff like that i would also be negative.

Offline moshe25

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FWIW, Twitter account says: "BlackBird was launched on October 1st, 2014 with the goal of generating world-class investment returns over the long-term."

Twitter account was created ... June 2023.

BlackBird Financial LP
@BlackBird_HQ
So someone cant open a business before opening a twitter account just childish at this point also do people really think you could give preqin any number you publish and they'll rate you number 1? are people so stupid? it obviously has to be 3rd party authenticated

Offline AviDov

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In that ADV filing, another item of note is that he states that the "private fund" - identified there as Blackbird Financial - has only $2M of assets. That seems to have been as of March of this year.
https://reports.adviserinfo.sec.gov/reports/ADV/310343/PDF/310343.pdf

Offline Yehuda57

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Offline hvaces42

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FWIW, Twitter account says: "BlackBird was launched on October 1st, 2014 with the goal of generating world-class investment returns over the long-term."

Twitter account was created ... June 2023.

BlackBird Financial LP
@BlackBird_HQ
SEC filing says they were formed in 2019.
https://www.sec.gov/Archives/edgar/data/1803558/000180355820000001/xslFormDX01/primary_doc.xml
« Last Edit: July 13, 2023, 03:19:17 PM by hvaces42 »
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Offline Alexsei

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Hater
vemeredenuchyontif

Offline Joel

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what lies? i think everything is very upfront cant understand how people can make baseless accusations and spread false lashon hara in the name of helping people while potentially destroying another yids parnasah did any of you research it?

It's easy to ask sarcastic questions[most display a poor knowledge of investing] but thats not due diligence if something does not add up maybe first call blackbird and ask before proclaiming it a ponzi scheme

So someone cant open a business before opening a twitter account just childish at this point also do people really think you could give preqin any number you publish and they'll rate you number 1? are people so stupid? it obviously has to be 3rd party authenticated

Welcome to DDF!

Are you affiliated with BB or BS?

Offline Essen est zich

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This has now been deleted as well.

What about other platforms?

Perhaps he recognized his mistake...
Shloffen Shloft Zich

Offline Yehuda57

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It's off Twitter as well, not sure if it was anywhere else.

I don't think he knew what he was getting into in the first place

Offline Moshe123

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It's off Twitter as well, not sure if it was anywhere else.

I don't think he knew what he was getting into in the first place

Off whatsapp as well.

Offline aygart

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Maybe things changed but 4 years ago he was all over LinkedIn. Every time I opened the app (not that often) I would see multiple of his posts with people fawning over him.
I've seen him every now and then, but I don't think I've read a single post of his.
Feelings don't care about your facts

Offline aygart

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there's no heter if you dont know it for a fact having questions is not knowing it for a fact
ps with all the uncalled for hate regarding his looks[seriously?!] and stuff like that i would also be negative.
No heter to do what?

Not sure what you are referring to about looks.
Feelings don't care about your facts

Offline Fish Tank

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A lot of these "inconsistencies" are easily explainable to anyone interested in finding out and calling him instead of being hocker/know it all and needlessly destroying someones business if you didnt put in the effort to at least speak to him. there's no heter if you dont know it for a fact having questions is not knowing it for a fact
His Linkedin post had engagement from many Financial Services people.
They asked legitimate questions. 

Offline yfr bachur

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@moshe25

Like all of these akward shaylos, the two sides of the coin are LH on one side - But the equal azhara of Lo Sa'amod Al dam reiechah is the other side.
Back during the CW issue, I qouted a teshuva I heard (I think it was an Avnei Nezer, but I dont have the time or pateince to dig it up to check) who decried the minhag haolam to be makpid on LH at the expense of La saamod.

No one here said that JS is definitly doing something wrong. All they did was point out that there are some issues that you  should be careful of. Kiyum of Lo saamod - check, LH - NO, bec they never said that he's doing wrong

To put it another way: Why do you think halacha values JS's parnasa over the parnasa of the prospective investors???
I have a B-i-L who is being convinced to invest in a certain RE project in EY. I see some serious warning signs that the investment potential/risk is not as rosy as the prospectus is selling. Am I not allowed to say anything to him bec it may hurt the GP's parnasa???

(and no, I don't think that you will have the intelectual honesty to came back and discuss)
« Last Edit: July 13, 2023, 03:51:00 PM by yfr bachur »

Offline moshe25

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No heter to do what?

Not sure what you are referring to about looks.
To call him a ponzi scheme or the like
On twitter and whatsapp he's gotten comments on his looks and clotning