Author Topic: Time for some proper due diligence/ independent auditing in our communities (Read 231306 times)

Lurker · « **Reply #840 on:** July 26, 2023, 03:35:55 PM »

Quote from: chevron on July 26, 2023, 02:44:13 PM

https://anash.org/where-have-we-gone-wrong/

I'd bet this was written by a DDfer...

Yehuda57 · « **Reply #841 on:** July 26, 2023, 03:43:56 PM »

Quote from: Lurker on July 26, 2023, 03:35:55 PM

I'd bet this was written by a DDfer...

His Twitter bio certainly indicates as much.

DavidLicht · « **Reply #842 on:** July 27, 2023, 12:44:44 PM »

I have personally seen engagement letter from Blackbirds current auditor. Just because DL goes on record saying something does not mean he is correct .

Dan · « **Reply #843 on:** July 27, 2023, 01:05:27 PM »

Can all of the Spinners posting in this thread please disclose their exact relationship and involvement?

Thanks.

Moshe123 · « **Reply #844 on:** July 27, 2023, 01:09:26 PM »

Quote from: Dan on July 27, 2023, 01:05:27 PM

Can all of the Spinners posting in this thread please disclose their exact relationship and involvement?

Thanks.

This. Multiple sockpuppets.

Euclid · « **Reply #845 on:** July 27, 2023, 01:10:09 PM »

Quote from: Dan on July 27, 2023, 01:05:27 PM

Can all of the Spinners posting in this thread please disclose their exact relationship and involvement?

Thanks.

Apropos pun

knowitall · « **Reply #846 on:** July 27, 2023, 02:03:23 PM »

Quote from: DavidLicht on July 27, 2023, 12:44:44 PM

I have personally seen engagement letter from Blackbirds current auditor. Just because DL goes on record saying something does not mean he is correct .

I confirmed with Berkower directly that Berkower never audited any financials of JS, despite JS claiming so. JS also wrote in his SEC filings that Berkower was auditing him.
I know JS recently hired a new auditor, but we still have no 3rd party vouching for the accuracy of JS’s claims of a 16% annual return.

moshe25 · « **Reply #847 on:** July 27, 2023, 10:04:51 PM »

Actually, JS never claimed that he was audited by Berkower. In 2019 he and Berkower signed a letter of engagement to audit their 2020 numbers, and thus they were allowed to list Berkower as their auditor on their FactSheet, PPM and from ADV. At the start of 2021, JS decided not to complete the audit. The FactSheet that contained Berkower's name was from the start of 2021. As far as I can tell, there were no lies or deception.

Furthermore, all of BB's performance figures are calculated by their 3rd party admin, not by JS as. DL would like you to believe. That's how you know his numbers are legit. The auditor is not needed to verify the accuracy of BB's performance.

Dan · « **Reply #848 on:** July 28, 2023, 11:31:21 AM »

Anyone failing to disclose a personal or financial relationship with a company being discussed will be banned if they continue to post in this thread.

knowitall · « **Reply #849 on:** July 28, 2023, 11:51:42 AM »

Quote from: moshe25 on July 27, 2023, 10:04:51 PM

Actually, JS never claimed that he was audited by Berkower. In 2019 he and Berkower signed a letter of engagement to audit their 2020 numbers, and thus they were allowed to list Berkower as their auditor on their FactSheet, PPM and from ADV. At the start of 2021, JS decided not to complete the audit. The FactSheet that contained Berkower's name was from the start of 2021. As far as I can tell, there were no lies or deception.

Furthermore, all of BB's performance figures are calculated by their 3rd party admin, not by JS as. DL would like you to believe. That's how you know his numbers are legit. The auditor is not needed to verify the accuracy of BB's performance.

1) On the Form ADV dated 3/14/23, JS was still claiming Berkower was auditing them. That's called fraud.
2) I asked his 3rd party admin to confirm performance and this was his response:

As of now, we have yet to see ANY 3rd party verifying that the claimed 16% return is accurate.

Fish Tank · « **Reply #850 on:** July 28, 2023, 11:57:56 AM »

Quote from: DavidLicht on July 27, 2023, 12:44:44 PM

I have personally seen engagement letter from Blackbirds current auditor. Just because DL goes on record saying something does not mean he is correct .

"Engagement letter" is just that, and nothing more.

You can call Berkower yourself and confirm they were never an auditor for Blackbird. Many others in this thread have done it.

Now its JS job to prove otherwise.

Fish Tank · « **Reply #851 on:** July 28, 2023, 11:59:50 AM »

Quote from: moshe25 on July 27, 2023, 10:04:51 PM

Actually, JS never claimed that he was audited by Berkower.

Incorrect. Did you not see BS (now deleted) posts on linked and JS comments' on it?

dasmo801 · « **Reply #852 on:** July 28, 2023, 12:03:48 PM »

Quote from: Dan on July 28, 2023, 11:31:21 AM

Anyone failing to disclose a personal or financial relationship with a company being discussed will be banned if they continue to post in this thread.

If you are insinuating that @moshe25 or @DavidLicht might have a financial relationship with BB, i can't imagine that's true. Why would JS hire people to dig him into a deeper hole?

Yehuda57 · « **Reply #853 on:** July 28, 2023, 12:06:03 PM »

Quote from: dasmo801 on July 28, 2023, 12:03:48 PM

If you are insinuating that @moshe25 or @DavidLicht might have a financial relationship with BB, i can't imagine that's true. Why would JS hire people to dig him into a deeper hole?

@moshe25 Disclosed upthread he is a personal friend with JS and a BB investor

yelped · « **Reply #854 on:** July 28, 2023, 12:09:44 PM »

Quote from: dasmo801 on July 28, 2023, 12:03:48 PM

If you are insinuating that @moshe25 or @DavidLicht might have a financial relationship with BB, i can't imagine that's true. Why would JS hire people to dig him into a deeper hole?

Past hiring practices with BS.

DavidLicht · « **Reply #855 on:** July 28, 2023, 12:20:56 PM »

What is your obsession with Berkower? BB has an auditor - end of story! Why don't you take your millions and invest it with Eli Weinstein or Ari Bromberg and sell covid masks to Ukraine, while I continue to invest with BB.

Something Fishy · « **Reply #856 on:** July 28, 2023, 12:46:05 PM »

Quote from: DavidLicht on July 28, 2023, 12:20:56 PM

What is your obsession with Berkower? BB has an auditor - end of story! Why don't you take your millions and invest it with Eli Weinstein or Ari Bromberg and sell covid masks to Ukraine, while I continue to invest with BB.

Quote from: Dan on July 28, 2023, 11:31:21 AM

Anyone failing to disclose a personal or financial relationship with a company being discussed will be banned if they continue to post in this thread.

Please disclose or disclaim relationship.

Euclid · « **Reply #857 on:** July 28, 2023, 12:47:48 PM »

Quote from: Something Fishy on July 28, 2023, 12:46:05 PM

Please disclose or disclaim relationship.

He disclosed that he invests

Something Fishy · « **Reply #858 on:** July 28, 2023, 12:48:49 PM »

Quote from: Euclid on July 28, 2023, 12:47:48 PM

He disclosed that he invests

And yet I posted what I posted. Maybe there's a good reason for that.

Fish Tank · « **Reply #859 on:** July 28, 2023, 12:54:47 PM »

Quote from: DavidLicht on July 28, 2023, 12:20:56 PM

What is your obsession with Berkower? BB has an auditor - end of story!

No obsession. Just giving him (and you) an opportunity to back up his claim that Berkower is his auditor.