Published on: September 23, 2024, 09:27h.
Last updated on: September 23, 2024, 09:29h.
A politically connected investor was apprehended in Nantucket, Massachusetts on Friday for allegedly presenting a $1.5 million bounced check to a Las Vegas casino.
The detainment of Daniel Burrell, a former senior advisor to John Kerry, occurred just after his opulent residence was auctioned off due to foreclosure, as reported by the Nantucket Currant.
This event adds to a series of legal predicaments for Burrell, who holds a degree from Yale and previously served on the Domestic Policy Council during the Clinton administration from 2000 to 2001.
Pursued by Financial Institutions
In November of the previous year, First Western Bank filed a lawsuit against him for purportedly defaulting on $56 million in loans. Subsequently, in April 2024, Alpine Bank initiated legal proceedings, claiming he owed $18 million on an $18.5 million loan. The latter legal action aimed for the foreclosure of another property owned by Burrell in Aspen, which led to the bank acquiring the estate for $24.6 million.
According to the Currant, a significant portion of the funds borrowed from banks were used for divorce settlements, yacht acquisitions, and the purchase of upscale properties.
In May, Burrell missed a court appearance related to a lawsuit brought forth by Equilibrium Multi Strategy Fund, asserting that he owed the fund $8.8 million through two firms under his control. A warrant for his arrest was issued due to his absence, though it was later rescinded for undisclosed reasons during the summer.
In July, he once again failed to show up in court to address a charge of theft, resulting in another arrest warrant. However, this case was dismissed earlier in the current month, with sealed court records obscuring the reasons behind the decision.
Connections to Hunter Biden
Burrell established the Burrell Group, an investment management company focusing on various sectors such as technology, education, natural resources, real estate, insurance, and healthcare.
Prior to this venture, he served as the CEO of Rosemont Realty, a commercial real estate firm based in New Mexico overseeing 173 office buildings across 25 states. This firm had associations with Hunter Biden, who held a position on the advisory board.
Rosemont gained attention in 2022 when it was disclosed that the company received a $100 million financial infusion in 2014 from Russian oligarch Elena Baturina.
The issue concerning Burrell’s debt to the undisclosed casino has been assigned to Las Vegas Justice Court and is scheduled for a hearing on either Monday or Tuesday, according to his attorney. Burrell was unable to furnish the $10,000 bail promptly set by the Nantucket judge, leading to his overnight detention at the Nantucket Police Department, as per the Currant.