Safety for your investment in Drew Morrison-CityGuru greatly depends upon the information you have before you. That information should be relevant meaning it should be current, accurate and complete.
This often means having to wade through a lot of hype and sales pitch that does not always (and usually doesn’t) contain the three criteria for information to be “relevant” to you as an investor.
Even if you are not so inclined as to be one who digs deep in his/her Due Diligence before investing, following the news of the person or companies you are considering is a great way to obtaining relevant information.
The news a person or company creates will provide a historical pattern based upon actions that can provide you, the investor, insights into the people and companies you will be entrusting your money to.
Didn’t realize the news could provide so much Due Diligence, heh? If you liked this post (or hated it) please leave a comment. Also subscribe for an email alert as the news breaks–there is much, much more to come!
|April-Following another Creditor's Exam, Drew Morrison makes the evening news again with his evasive tactic of answering with only non-sensical answers which only results in yet a second call-back to the Creditor's exam.||
Morrison under Fraud investigation
|March-After months of being incognito and operating under one or more alias names, Drew Morrison surfaces with a new venture-- ironically--named "Reveal Yourself In A New Suit".||Wanna Invest In Drew Morrison's Latest Venture?|
|October-Drew Morrison goes Missing In Action evading Investor/Shareholder /Press questions about the fate of CityGuru--and their money.|
|Almost a year from bad press regarding CityGuru's Ferraris & Fashion Fiasco, Drew Morrison is again drawing fire from both Charities and Investors for questionable antics. The company seems to grow eerily inactive as Drew Morrison is unavailable for comment.||
More Bad Press For Drew Morrison
|JUDGMENT AGAINST MORRISON UPHELD|
After a Judgment against Drew Morrison is set-aside in March, 2014, the Superior Court of King County, Seattle reinstates the Judgment against Morrison following the Plaintiff's Amended Complaint 13-2-03663-1 SEA including damages for acts of Fraud, Conversion, Misrepresentation, etc. The Judgment is later supplemented by the Court with additional costs for Attorney Fees resulting in a $1,311,448 Judgment against Drew Morrison
| MORRISON TO APPEAR |
September. Named as Defendant to Case No. 13-2-03663-1 SEA, Amended Complaint, Drew Morrison will appear before the King County Superior Court and jury to hear the allegations and evidence of Discovery.
|Morrison Called To Hearing|
|May, 2015 Drew Morrison is summoned to Deposition. While under oath, Drew Morrison identifies two previously unknown "Directors" of CityGuru, former Advisor, Jeff Coon and another who has since denied any affiliation with CityGuru|
|LEGAL HEADACHES INCREASE|
March. Legal woes begin to come to a head as the Discovery process continues, controversy flares up among investors regarding Morrison’s personal use of investment funds and the Superior Court of King County, Washington slaps Morrison with two Orders of Contempt; for obstructing the Discovery process and for tampering with Court-ordered records. He is summoned to a video-taped deposition
|CONTROVERSY ARISES FROM CITYGURU’s AFFILIATION TO CHARITIES/NON PROFTIS|
October. In its promotions to benefit charity/nonprofits, CityGuru comes under close scrutiny regarding proceeds. It own website to collect donations in the behalf of Mary’s Place, Seattle. Because CityGuru offers no record keeping nor was the website sanctioned by Mary’s Place only fuels questions.
Questions Arise Over Records for Donation Collections
|The controversy is stirred following a CityGuru promotion in which it pledges 50% of new memberships to the Susan B. Komen Foundation. In written correspondence, the Komen Foundation denies affiliation with CityGuru or Drew Morrison.|
|CITYGURU LOSES KEY PARTNER|
September, The fallout from the Ferraris & Fashion event results in withdraw of support from CityGuru’s key partner, The Seattle Magazine.
|Seattle Mag Dumps CityGuru|
|CITYGURU RECEIVES UNWANTED ATTENTION BY PUGET SOUND BUSINESS JOURNAL|
September. Following the Ferraris & Fashion event, the Puget Sound Business Journal runs a series of articles on Morrison-CityGuru.
Soon after more attention is drawn to Morrison’s personal legal woes as event vendors doubt his willingness to repay them.
|CityGuru Event Collapses
Founder's Legal Woes Come To Light
|FERRARIS & FASHION News Event|
September. This event promoted and organized by Morrison-CityGuru, falls apart leaving several of the vendors and contractors in a bind and resulting for a series of bad press for Morrison-CityGuru.
|Unwanted Attention From the Press|
|BAD PRESS ERUPTS FOR CITYGURU |
July. Several stinging reports begin appearing in The Ripoff Report regarding both Drew Morrison and CityGuru as people with various complaints begin to surface, and investigations continue from the Amended Complaint against him..
|Drew Morrison On Report
CityGuru's Turn in the Barrel
|MORE QUESTIONS ARISE FOR FOUNDER|
As investigations continue, court-ordered records reveal controversy over Morrison’s appropriation of funds solicited from investors.
March. To deflect from growing publicity Morrison manages to overturn the Judgment against him by JV Investor. Using a technicality, Morrison and counsel manage to overturn the judgment for Breach of Contract only to have it backfire with the Plaintiff filing an Amended Complaint to include fraud, conversion, misrepresentation, criminal profiteering and breach of contract.
|Judgment-From Bad to Worse|
|December. Morrison Publishes Vanity Feature about Self.|
He angers some investors with self styled article feature describing his clear nail polish by Brooklyn Francisco of Le Manicure and his Chic Nordstrom suit at a time he was telling investors he had no money for them. He is proclaimed as Seattle's "Man of Influence". To enter site, use ID: firstname.lastname@example.org, Password: Generic$2013
|Morrison Dubs Self as "Man of Influence"
|Billmaier Denies Role As CityGuru CEO|
September. Jim Billmaier claims he was not the CEO but rather a “consultant”. CFO, Nichols does not deny being CFO but leaves CityGuru along with Billmaier.
Morrison is the sole founder and team member of CityGuru, Inc.
|CITYGURU FILES SEC FROM D|
May. $80,000 of funds are raised among a small group of unidentified investors in May of this year as indicated by the SEC Form D filed by then CFO, T. Oline Nichols. Also CityGuru reports issuing 10,000,000 shares which greatly dilutes previous OTG ownership and voting rights.
Controversy arises out of the rights and shareholders of former On The Go Technologies
|CityGuru Offers Shares|
|CITYGURU TEAM BEGINS TO DISINTEGRATE|
March. Unrest among corporate teammates surface over power struggles and lack of payment. A key contractor files and wins a Small Claims Judgement against .Morrison/CityGuru for non-payment of services rendered.
|KEY INVESTOR FILES SUIT|
January. Second suit for Breach of Contract occurs early in year from JV PATH investor who wins a judgment against Morrison.
|JIM BILLMAIER JOINS CITYGURU AS CEO|
November. With much fanfare, Jim Billmaier joins CityGuru as Chief Executive Officer, bringing with him Chief Financial Officer, T. Olin Nichols.
With help of Billmaier, Morrison organizes impressive CityGurm team
|The CityGuru Team Before Disintegration
Billmaier Will Later Deny CEO Title
CityGuru Selects New CEO
|MORRISON-CITYGURU WIN FIRST PLACE |
November. In an event for “fast pitching” sponsored by the Seattle Zino Society, Morrison wins first place in “Best Investment Opportunity” and “People’s Choice” Awards. He rules supreme in fast talk.
|MORRISON DEFAULTS ON SECOND PROMISSORY NOTE|
September. Morrison defaults on Promissory Note to JV Investor.
|MORRISON REORGANIZES OTG INTO CITYGURU|
March. Parting ways with co-founders of OTG, Morrison loses technical Intellectual Property vital to OTG, and pivots for a new venture, CityGuru.
Morrison organizes an impressive corportate team made up primarily IT experts and Advisors.
PATH and PAL ventures seem to have vanished in oblivion.
|CityGuru Is Born|
|MORRISON FAILS TO PRODUCE RECORDS: SECOND INVESTOR MUTINY|
In dispute over Morrison’s lack of records for real estate assets and deals, JV Investor demands return of money. In return for “No Questions Asked”, Morrison agrees to Promissory Note.
Following his default on the Promissory Note, the year begins with Co-founder filing suit against Morrison for Breach of Contract.
|Rice vs. Morrison Case CV2013-055101|
|MORRISON LAUNCHES OTG|
April. Morrison co-founds On The Go Technologies, LLC, (OTG) in Seattle, Washington. The business revolves around mobile technology for travelers and conceirges.
|Morrison Introduces OTGPath-PAL Make Way for OTG
|In an article for a Seattle publication, Morrison states the new company is “bootstrapping”, a term used for self-financing. The Funding comes from Morrison and begins to arouse suspicions of PATH investors who seem to be abandoned with no financial/management reporting status of PATH or PAL.||The Interview that Alarmed Path Investors|
|MORRISON LAUNCHES PAL|
February. To the surprise of PATH investors, Morrison announces a new venture called Path Auction Lending (PAL). Teaming with Steve Turner, Coyote Captial Investments, LLC, Morrison re-directs resources and attention to this new venture at the ire of some Path Investors. Furthermore he announces that returns will “flatline” through first half of 2011 though Path investors are still clamoring for information and transparency into returns Morrison has already claimed they received in 2010.
Of these the most vocal, is Morrison’s key JV investor who is questioning how his funds intended for Path are being converted to PAL when he declined the offer to re-invest in PAL.
A second mutiny begins brewing.
|Dilution of Path begins|
|FIRST INVESTOR MUTINY|
Morrison begins the new year by defaulting on Promissory Note with former Co-founder and Investor.
|Trouble In Paradise|
June. Unrest begins developing between Joint Venture Investor and Drew Morrison over lack or financial reporting on real estate holdings, and funds intended for Path being diverted (“re-invested”) to other ventures without consultation or approval by JV Investor.
|Morrison Continues Fund-Raising|
Februrary. Morrison continues raising funds from various small investors in other states. He begins transitioning his Arizona operations into Washington State
|PATH Receives Infusion of Cash|
November. Morrison partners with a novice investor to form a Joint Venture in which to pursue the Path Investments Groups, LLC business. Flush with cash, Morrison buys out Co-founder with a promissory note
|Morrison Founds PATH|
On funds raised from a fellow founder, Drew Morrison co-founds Path Investments Group, LLC. In Phoenix, Arizona. The business was for the purpose of buying, rehabbing, renting and selling distressed residential properties.
|Path Born on Co-Founder's Funds
Path-Who Wouldn't Want to Invest