Real estate investor and former advisor in the Clinton administration Daniel Burrell (pictured) was arrested in Nantucket, Massachusetts, late last week.
The arrest was on charges from Nevada, where Burrell is accused of attempting to pay a gambling debt with a $1.5 million bad check at an unnamed Las Vegas casino. In recent years, the investor and formerly prominent Democrat insider has foreclosed on several multimillion-dollar homes and faced lawsuits over hundreds of millions in debts.
Burrell is also wanted in Pitkin County, Colorado, for allegedly defaulting on a $75 million bank loan. Burrell was arrested in Nantucket, where he owned a $12 million house that defaulted and was sold in a September 19 auction.
Days later, Burrell was handcuffed in Nantucket District Court. The Nantucket Current reported that Burrell was heard on the phone asking relatives for $10,000 bail, which he did not post.
The Alleged Crimes
This arrest of Burrell comes after a string of legal charges against him. He stands accused of using a $1.5 million bad check to attempt to pay a gambling debt at an unspecified Las Vegas casino.
He is also wanted in Colorado on charges he has not paid up on $75 million owed to an Aspen-based bank, and $56 million in property loans from another.
The Denver Post reported back in April that Alpine Bank was suing Burrell over the $75 million. That came after Denver-based First Western bank had previously sought legal recourse against him over the $56 million. Some of the loans related to the same property purchased in Aspen, an exclusive and expensive ski resort in the Rocky Mountains.
He reportedly also owes millions to Bank of America. In a countersuit against First Western bank, Burrell claimed that he was the victim of predatory lending, as the bank knew about his excessive, uncontrolled spending habits, but lent him money anyway. Both lawsuits are ongoing.
However, it is only the Nevada charges that he has so far been arrested for. Burrell was detained last week and released on Monday, pending a November 18 hearing.
The allegedly heavily indebted investor was once a member of former president Bill Clinton’s policy team in the early 2000s. He was also a senior advisor to former senator and presidential candidate John Kerry between 2002 and 2004.
He then moved on to real estate, where he headed up New York-based Rosemont Capital and California-based Rosemont Realty.
David is an online casino expert who specializes in online slots and boasts over 10 years experience writing about iGaming. He has written for a wide range of notable publications, including eSports Insider and WordPlay Magazine.
David graduated Derby University with a BA Degree in English Literature and Creative Writing.
