We received our 2011/2012 financial reports. They were supposed to be for 2011. Headings say 2011. Footnotes reveal VE (Vision Enterprises) included data through May 29, 2012. And .. Is the information truthful or accurate? Obviously the data/information is corrupted, faulty and suspect. These are auditors chosen by Jill Schachter. ???
Bottom line: We need
Jill to explain. Sadly, the answer will probably be the usual “NONE OF YOUR
BUSINESS”.
Shareholders: Please read
the financial report very carefully. It appears the auditors are burying info.
in the footnotes to escape notice and hide discrepancies/errors.
Two footnotes are noteworthy
(red flags).
1. Footnote 8 states
that "Management discovered" that it had failed to collect $15,000 in
parking fees and $10,000 in gym fees. These funds have been included in
the 2011 income. They were never collected. LIE! (Management says they hope to collect.) ????
a. "Management
discovered" the missing money. BAD JOKE. I (Marc Ullman) discovered
that Management was not paying us the money we were entitled to for the
parking lot. This was brought this to the Board's attention in March of 2011. This started the questions about what Vision and Peter Mesos were doing
with our money. Jill Schachter has been fighting to cover this up for almost a
year -- and spending incredible amounts of our money to support the cover-up.
b. Gym Memberships
are $150 a year. Did Management ever bother to bill anyone for the gym or is
the $10,000 number made up just to hide how bad the problem is with the parking
lot?
c. IF
VISION WILL ADMIT TO SCREWING US OUT OF $25,000, HOW MUCH
MONEY ARE WE REALLY MISSING? Cockroach Theory - You see one there are many many more.
2. The last item on
footnote 1 says that "Management" included some items on the
financial reports through May 29, 2012. We don't know exactly what items these
were or how "Management" decided what to include, but a couple of
things are obvious:
a. The
"professional fees" of $97,000 certainly seem to be inflated by
including bills from Super Lawyer Adam Bailey for 2012. This does several
things including (i) making it look like we spent an insane amount of money on
lawyers in 2011; (ii) justifying the never-ending assessment No. 2 that is used
to feed the Super Lawyer’s insatiable appetite for legal fees ; and (iii)
reducing whatever the real 2012 number is when we get our next financial
statement because those expenses have already been charged to 2011.
b. Our income is
inflated because it includes $25,000 that "management discovered" it
didn't bother collecting on the parking lot and the gym.
Other information
that the BOD does not want you to have: we paid our old lawyers, Schechter
& Brucker $20,000 in 2011 before they were fired for asking questions about
what Peter Mesos was doing with our money. We paid our former auditors Marin
& Montanye $12,000 before they were fired when they wouldn’t let the Super
Lawyer tell them how to audit our books – so we paid them $12,000 to do nothing
because it was the only way to get them to stop asking questions. That leaves
$65,000 for Jill to explain.
The election for the Board is only a few days away. We did not get the
2011 Financial Statement until June 13 for a reason – you are not supposed to
have time to read and understand it. The only way we can protect ourselves as
shareholders is to take the time and review this document to the best of our
abilities, ask questions and demand answers on June 19. We’ve had enough
There are many inconsistancies in the financials (and I am not an accountant), so I hope that Alicia Spiegel is able to answer all the ups and downs in the financials reports since she is the Treasurer.
ReplyDeleteI think it is going to be a long meeting.
May want to bring you pajamas.
Vision Enterprises includes some information from 2012 in 2011 Financial Report: Evidence that of manipulation -- red flag for FRAUD.
ReplyDeleteEven worse: Jill Schachter using $10,000 of shareholder money to pay "forensic accountant" to review flawed audit.
Incredible fact: 2011 financial report even worse that garbage shareholders were handed by Jules Simon.
The time to end the cover-ups is Tuesday.
Now VISION ADMITS TO NOT PAYING US $25,000?
ReplyDeleteRemember back in January when Jill Schachter and other Board Members were running telling anybody they could corner that "everything is fine" with the parking lot and that "Marc made it all up because he hates Peter Mesos"?
Looks like Marc was right all along.
It's time for Jill to tell us how much of our money she paid the Super Lawyer and his buddies to try and cover-up for Peter Mesos and everyone else at Vision who have been cheating us out for the last 30 years.
I keep reading in the Board minutes that there has been empty commercial space for a long time.
ReplyDeleteWHAT MANAGEMENT COMPANY ALLOWED THAT TO HAPPEN??? IS THIS THE SAME COMMERCIAL SPACE THAT HARRY GARRIS COST THE VALERIE ARMS $4000 ON WHEN HE DID NOT BOTHER TURNING OVER THE ELECTRIC METER TO THE NEW TENANT???
I remember reading in past board minutes that space was going to be converted into much needed storage space . What happened to those plans???
Employee lounge: much more important that storage.
DeleteStorage space, bike room: income for coop. More important for Jill to bribe staff with lounge.
Security booth: Empty more often than not.
Security Guard Jack: never at his post -- too busy socializing, spying on shareholders for Jill or resting in employee lounge.
You are right the security booth is always empty. However the one security guard who likes to take naps in the security booth now has some place to go rest in private. At least we won't have to find him on the floor of the booth anymore and think he is dead.
DeleteWe finally have a new management company maybe they will actually supervise our employees.
NOW WE JUST NEED A NEW BOARD THAT KNOWS WHAT THEIR DOING!!!
VOTE TUESDAY IT'S TIME FOR A CHANGE!!!
Anybody been in the 54-44 laundry room lately?
ReplyDeleteOne of our new washing machines and two of our new dryers are broken already. They didn't even last 72 hours.
We pay $3.50 to do wash and dry and this is what we get????
I saw a funny sign in the elevator it says that the whole board Jill Schachter, Alicia Spiegel, Fran Rothkin, Barry Nelson and Maggie Warford are all running for RE-ELECTION.
ReplyDeleteFunny I must have missed something??
When were Alicia Spiegel, Fran Rothkin, Barry Nelson or Maggie Warford ever ELECTED IN THE FIRST PLACE??