Alright students, class is in session. I'm going to make this easy
for everyone. You have all seen the book Where's Waldo. We're going
to play Where's Norris (Steven Norris).
I remain shocked and even appalled that the Trustee has not taken
the time to do this work for us. All this took was a few hours
searching on the Internet, making a few phone
calls (I still have several to make), and asking a few people to
run some errands. Here is the theory: Steve Norris is a broke fake
and a fee whore (I carefully selected words
here). See if you can follow the facts and the line of reasoning.
Of course I encourage anyone out there to offer contrary evidence.
Steve Norris doesn't do deals, he lures
people and companies in and seduces them with the promise of
capital raising (especially through his contacts in the Gulf). Then
he quietly slips out and ends up suing or being
The record however will support only one reality; Steve Norris
sucks huge fees from individuals and companies and doesn't deliver;
ever. He was kicked out of Carlyle Group.
His partners now enjoy a standing on the billionaire list while Mr.
Norris continues his fee grubbing. He has no partners or friends;
just fee pimps and fee junkies (his cronies
that follow him around and prop up the facade--you scratch my back
I'll scratch yours). Here follows five or six examples. I'm sure
there are plenty more. These are the ones
I have found with very little effort. Norris formed a partnership
with two or three guys including Dennis Dammerman (past CFO of
General Electric). They were raising "a fund"
another Norris specialty that never happens). The partnership
blew up. A law suit was filed against Norris claiming that he stole
fees (another partner paid Norris' travel,
expenses, and consulting fees; even a Golf Tournament sponsorship).
Norris never spent a penny of his own money. The deal blew up.
Norris vanished. Not a dollar was raised.
The case goes to trial in NYC this month. Norris just lost another
case at trial in Washington DC last month in which he was suing for
fees he should have received. Norris
formed a "partnership" named "Peninsula Partners" with the very
character who is suing him now; Mark Robbins. The partnership also
included Robbins' father-in-law Mr. Ed Davies.
Norris claimed to be able to raise the money to purchase a ski
resort. He never did. There are several law suits still active.
Norris got fees, expenses, but never delivered $1.
The partnership blew up, a suit followed, another suit followed.
Law suits surrounding this fiasco are still active.
Now Norris has at least two other "partnerships;" Gulf Capital
Partners and Talos Partners. Norris is the "Chairman and Managing
Partner" of the Gulf Capital company. He is
listed as just a board member of the second company. A friend of
mine walked over looking for the Gulf Capital Partners offices.
There are no offices. I will make a bet; there
is no office, no "partners," no balance sheet, no board minutes,
and no deals. There will be no employees, no payroll, no
accountants licenses, or business registrations.
The same person I spoke with told me that there was a deal with a
hotel chain that fell through. Norris claimed to have big money
lined up in "the Gulf" with some royal family.
Of course there was no deal. By the way, the deal recently closed
with another group; not Norris. Rest assured; the only things you
will find when Gulf Capital blows up is that
Norris received his fees, expenses, ran around the globe on someone
else's credit card, blown up relationships, and law suits. Norris
also appears as a board member of Talos
Partners. I have a guess; Norris receives fees, told the other
partners he would bring deals, money, and relationships (especially
in the Gulf), and has never delivered a thing.
It appears that Norris lasts 12-18 months in every deal before they
discover his con game. Then, they throw the guy out, someone sues
him or he sues someone (he is a lawyer
after all). Norris has no friends and no partners. He has broken
deals, broken relationships, fees, and lawsuits. Searching the
public records I found at least four recent
and/or active lawsuits with former "partners." How long do you
expect his current partnerships will last before they go to the
next phase of busted relationships, finger
pointing, and law suits? By the way, I called directory assistance
in New York for Gulf Capital Partners. No listing. Mr. Trustee, I
assume you have sent someone to the Gulf
Capital Partners offices in New York City. Do I dare make another
bet that there is no office in NYC Mr. Norris? How about a phone
number? This guy is a fake. I can't believe the authorities let him
get away with this.
So here we are waiting for Steven Norris and Gulf Capital Partners
to fund SCO? Mark Robbins (the guy with a warrant out for his
arrest) is tied to Norris at every turn
including SCO. I sincerely hope that the trustee has done more work
than I have. I assume the trustee has asked to see Norris' balance
sheet, or the balance sheet of Gulf
Partners. I assume that the trustee has asked Mr. Norris for a
record of the last deals he has transacted or funded in the last ten
years. I predict that the game is finally up
for Norris. The world (thanks to technology) is on to him. His fee
pimps will quietly disappear (because people will start coming
after them). Norris won't be able to get a
gig in the US. By the way, word has it that his name is mud in the
Gulf too. The relationship with the royals that he boasts is
actually a very bitter relationship and may
have been one of the things that got him ousted at Carlyle. If SCO
has a prayer it needs someone credible. Norris is not that person.
I will part with another big bet; that Norris has received fees
from SCO and/or individuals at SCO. I'll place a safe bet that if
you follow the fact trail you will find that
someone has paid Norris big fees and all his expenses while he flew
around supposedly working for SCO. Certainly the trustee has asked
all of these questions. I'm going to
keep beating the bushes. Where's Norris? He and his cronies seduce
people and companies with promises of fund raising, advisory work,
opening doors to important people, then they
begin collecting fees and expenses, then they deliver nothing or
worse things blow up, then they quietly disappear into the shadows
or they are pushed out), then Norris sues
someone or the partnership sues him or both. One thing is for sure;
try to find a surviving Norris "partnership" or friends. Now find
Norris in the picture.
Here is something I just found. More to come.
â€˘ Washington Investment Partners, L.L.C., et al. v. Ayman A.
Boodai, et al.; Ayman A. Boodai, Fahed Boodai, TBC Funding Corp.
and Global Securities
House, third-party plaintiffs v. Stephen L. Norris, third-party
defendant. Case number 2007-CA-000693, filed in District of
Columbia Superior Court on January 29, 2007.
The defendants in this action, who also acted as third-party
plaintiffs in their complaint against Norris, alleged that Norris
ceased being a principal in Washington
Investment Partners (â€śWIPâ€ť) in February 2005, and thus his meetings
with Ayman Boodaiâ€™s investment group after that date, where Norris
was said to be acting on behalf of
WIP regarding the $91 million purchase of the Transpoint Building
in Southwest Washington, D.C., were not in good faith. (The
Transpoint Building was leased by the General
Services Administration.) Boodai pointed to trial transcripts
quoting WIP executive Idris Al-Senussi as saying that â€śSteve was
going and doing, he just does not agree with
our policy of doing real estate. He wants to do some other things,
so he and Mr. Camalier [WIP chairman F. Davis â€śDaviâ€ť Camalier]
agreed that we split up, from my understanding split up.â€ť Senussi
later said Norris â€śmoved his stuffâ€ť out of EIPâ€™s offices, but did
not recall the date in the trial transcripts; â€śmaybe 2005, I donâ€™t
remember,â€ť Senussi said. Boodai said Norris lacked the â€śdecision-
makingâ€ť authority to enter into the agreement, and cited Norrisâ€™
own testimony of May 11, 2009, discussing all that he was not
responsible for (a full transcript was not part of the public case
file.) Based in part on Norris entering into contracts on WIPâ€™s
behalf without sufficient authority, Boodai sought to have WIPâ€™s
claim of punitive damages of $50 million dismissed. Although the
court granted the Boodai groupâ€™s order to dismiss the punitive
damages â€“ leaving Boodai liable only to pay $636,000 in attorneyâ€™s
fees â€“ the decision noted that Boodai â€śinitially contended that Mr.
Norris had no authority to enter this [Asset Management Agreement]
on behalf of WIP but have since abandoned this claim.â€ť