Following the abrupt disappearance of Founder, Drew Morrison, CityGuru Investors are left wondering how so much money could be squandered; how so many investors deceived; and how can one live out of the pocket of others for so long without detection?
CityGuru investors/shareholders felt the first shock wave tearing through their ranks from a KOMO-TV News Story revealing their founder, Drew Morrison may have misappropriated their savings and IRA funds.
They felt the full concussion following the posting of “Drew Morrison: Where’s Waldo?” when it had become apparent that Drew Morrison had gone underground, rendering himself totally unavailable for comment or to address the pointed questions he knows his investors want to ask of him. Furthermore as a company (if ever it was a real company), CityGuru, Inc. has since ceased operations causing more anxiety for investors wondering what happened to their investment funds?
Speculation runs wild, particularly with those investors who were also led to believe they were shareholders of CityGuru, Inc. It now seems they have all been sold a soddy bill of goods as suggested in post “CityGuru: Do You Own Phantom Stock?” What happened to Drew Morrison and his CityGuru, Inc. Is CityGuru, Inc. now defunct? Has the fate of their investments fallen by the wayside just as it had in a previous Drew Morrison company, Path Investments Group, LLC when investors were to learn a year later after the fact the founder—and their investment funds—were gone?
In a search for answers a flurry of due diligence (albeit, long overdue) is occurring as investors/shareholders exchange research notes and information, pouring over Court and Public Records. While this information does not answer the questions only Drew Morrison can answer, it does reveal a pattern, or modus operandi, Drew Morrison has been employing for years to run his various “serial entrepreneurial” pursuits. The Public Records read like a Rap Sheet, and after viewing the growing list, one investor commented: “Obviously, he has been honing his pitch and ability to sell promises for a long time. His slight of hand in the shell game can make you dizzy trying to follow what is happening to your investment funds!” The Public Record speaks for itself.
A deeper question now lingers in the mind of CityGuru investors/shareholders: how can such a pattern of deceit and abuse go so long without consequence? Perhaps the answer is: that for a decade of suffering no consequences for his actions, this has simply become a way of doing business for Drew Morrison. After all: if there are no consequences for your actions–then why not? Is Drew Morrison simply shrugging and echoing MAD’s Alfred E. Nueman’s words: “What, Me Worry?”
YEAR | COMPLAINT | PUBLIC RECORD | COURT RULING |
---|---|---|---|
2005 | Chapter 13-Bankruptcy | Bankruptcy Court, King County of Washington, Andrew W. Morrison | $191,301, Bankruptcy Dismissed |
2007 | Breach of Contract/Promissory Note | Case No. 07-2-2616-1 SEA, Superior Court, King County, Washington | $53,027.93 Judgment for the Plaintiff |
2009 | Unlawful Detainer | Case No. 09-2-06294-3 SEA, Superior Court, King County, Washington | $6,000 Judgment for the Plaintiff |
2012 | Mechanic Lien; Liable for services rendered | Case No. 124-04081, District Court, King County, Washington | $1,992.89 Judgment for the Plaintiff |
2013 | Breach of Contract/Promissory Note | Case No. 13-2-03663-1, Superior Court, King County, Washington | $507,516 Summary Judgment for the Plaintiff |
2013 | Breach of Contract/Unjust Enrichment | Case No. CV2013-055101, Superior Court, Maricopa County, Arizona | $84,654 Judgment for Plaintiff |
2014 | Failure to Report Income, keep financial records, “taking money under the table” | Amended Case No. 13-2-03663-1, Paper 80, Superior Court, King County, Washington | Declaration by Andrew (Drew) W. Morrison |
2014 | Contempt of Court; Failure to Comply with Court Orders | Amended Case No. 13-2-03663-1, Superior Court, King County, Washington | $1,999.48 Judgment for Plaintiff |
2014 | Contempt of Court; altering Court-ordered bank records and failure to show cause | Amended Case No. 13-2-03663-1 SEA, Superior Court, King County, Washington | $18,759.48 Judgment for Plaintiff |
2015 | Delinquent Taxes due of CityGuru, Inc. | File 4961870, Delaware Division of Corporations | $111,919.00 Due |
2015 | Plaintiff alleges possible Prejury of Deposition Testimony. | Morrison Deposition for Amended Case No. 13-2-03663-1 SEA, Superior Court, King County, Washington | Morrison testifies to identity of CityGuru Officer; Individual refutes Morrison’s claim. No Court Ruling. |
2015 | Findings of Court including Fraud and Misrepresentation | Amended Case No. 13-2-03663-1 SEA, Superior Court, King County | $971,441.86 Judgment for Plaintiff |
2015 | Findings of Court including Attorney Fees | Amended Case No. 13-2-03663-1 SEA, Superior Court, King County | $343,432.19 Judgment for Plaintiff |
[showhide type=”hottip2″ more_text=”- As a CityGuru Investor What Do You Do Next?” less_text=”- As a CityGuru Investor What Do You Do Next?”] Some investors think that intervention by a government or law enforcement agency—or the legal actions of other investors—will provide a remedy for their own loss due to stock or investment fraud. This is not the case. If you choose to take no action; then your missing funds are not likely to be forthcoming. Otherwise, you should seek legal advice regarding your individual circumstance. You should also seek tax advice, particularly if the affected funds were from your Individual Retirement Account (IRA).
This will not guarantee your investment funds will be returned, but taking no action does guarantee you will never see your funds again.
If you have information regarding the location, contact information and accomplices to Drew Morrison, please contact: CityGuruInvestor@Yahoo.com
We will also be happy to assist you with referrals to legal, tax and business counsel upon request.
[/showhide]
I have attempted to contact Drew Morrison, Jeff Coon and Justin Smith via the information listed on your Contact Us page. Letters and calls are left un-answered. Is this the correct contact information? May I get a statement for my investments account?
It seems Drew Morrison doesn’t want to be contacted by anyone–particularly his investors. As for any advisors or affiliates with the company–they aren’t responding to inquiries either since you are not supposed to know they were affiliated with Drew Morrison/CityGuru.
Are you a CityGuru Investor/Shareholder? If so, please contact us at CityGuruInvestor@Yahoo.com We may be of assistance to you.
I’m confused. Rather than wasting time in legal action to get another judgment against him (which he obviously ignores anyway) why aren’t you spending more time in reporting this weasel to the police?
Good question!
If you guys fire Morrison, tell him he always has a job with me selling used/slightly damaged cars. I could make a million off a silver-tongued devil like him!
As an employer, you’re obviously not concerned with background or credit checks. Yes, we will pass your message onto him…as soon as we find him.
This guys sounds like a pro. Even if the Law catches him, they won’t be able to make it stick. and your boy knows that.
And you’re right–he’s not worried. With no consequences there’s no reason why he can’t come out of his hole once things get quiet and start working naive, trusting fools again. he might change his name–and definitely change his con–but its just business as usual to bottom-feeders like that.
Sorry he played all of you, but maybe others are watching and learning.
Seattle think: The Terminator. Think what he said when he stated: “I’ll be back”.
Drew Morrison is coming back and with no one out there to stop him he has nothing to worry about. He will have learned new tricks, know better how to cover his tracks, have no fear of consequences and talk smoother than ever before.
He will ream Seattle a new one.
Yeah, Me–I’m worried.
I’m confused. Everyone speaks as if Drew Morrison isn’t paying any consequences but his rap sheet seems like he has been paying a lot of consequences for his actions.
If you consider that, in reality, a Court Judgment is nothing more than an opinion by the Court who heard the cases presented to it by the Plaintiffs who felt they had been wronged by Drew Morrison. While the Court has passed down various judgments against Morrison and in favor of the Plaintiffs, the law stops there. The burden of collecting against those Court Judgments are left to the Plaintiffs. Little can be done to force Drew Morrison to pay his debts.
His choice to hide in seclusion is a statement that he intends to do little or nothing about this situation. In fact, there is nothing that prevents him from repeating the process again under the guise of investment fund-raising from a new set of “investors”.
To those who have lost their savings and retirment funds to Drew Morrison under false pretenses, it indeed feels to them as if Drew Morrison has endured NO consequences for his actions.
If I were Drew Morrison right now I would be thinking: I’ve got a nice chunk of investor money stashed away, I don’t need much while I’m living underground, and there’s nothing to do until the Statute of Limitations runs out….Heyyyyyy, what, me worry? No way!
We can only assume Drew Morrison plans to fulfill his previous promises to “make this right”. If he hasn’t already squandered investor funds–that will be his ticket to settle with investors and move on–in the open and in the light of day.