Charleston, South Carolina — Acting United States Attorney Rhett DeHart announced today that James Thomas Bramlette, 42, of Salt Lake City, Utah, pled guilty to Wire Fraud and Tax Fraud in violation of 18 U.S.C. § 1343 and 26 U.S. § 7202, before United States District Judge Richard M. Gergel.  Bramlette will be sentenced at a later date.

The following evidence was presented at the guilty plea:  this investigation involved Melrose Report on Daufuskie Island, S.C.  Bramlette was a real estate developer in Salt Lake City, Utah.  In 2011, he borrowed $17.5 million from a Dutch investor to purchase the resort out of bankruptcy.  This loan was a short-term bridge loan with high interest rates.  Bramlette did not put any of his own money into the purchase.  Bramlette thought he could resale the resort soon after the sale, but his attempts to refinance or sell the resort failed repeatedly throughout the case. 

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