Author Topic: Time for some proper due diligence/ independent auditing in our communities  (Read 231274 times)

Offline Lurker

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  • Location: As always, silence is NOT an admission of agreement on DDF. It just means that people lack the stamina to keep on arguing with made up "facts", illogical arguments, deceiving statements, nasty and degrading comments, and fuzzy math. - @yelped
Failing at maintaining Lurker status.

Online Yehuda57

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

His Twitter bio certainly indicates as much.

Offline DavidLicht

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

Offline Dan

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

Thanks.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Moshe123

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

Thanks.

This. Multiple sockpuppets.

Online Euclid

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

Thanks.
Apropos pun

Offline knowitall

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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.

Offline moshe25

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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.

Offline Dan

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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.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline knowitall

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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.

Offline Fish Tank

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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.

Offline Fish Tank

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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?

Offline dasmo801

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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?

Online Yehuda57

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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

Online yelped

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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.  :P

Offline DavidLicht

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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.

Offline Something Fishy

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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.

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.
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Online Euclid

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Please disclose or disclaim relationship.
He disclosed that he invests

Offline Something Fishy

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He disclosed that he invests

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

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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.