Millionaire Investor Arrested in Nantucket

Daniel Burrell, a high-profile investor with a history in politics, was arrested on Nantucket Friday morning on a warrant from Las Vegas. Burrell is wanted in multiple states. He allegedly wrote a bad check to a Las Vegas casino for $1.5 million and has been on the run with outstanding warrants in both Colorado and Nevada. The arrest occurred just one day after his island mansion was sold in a foreclosure auction.

The Defendant Reportedly Owes Hundreds of Millions

Burrell, who once served as a senior advisor to former US Senator John Kerry and held a position in the Clinton administration, has been facing legal issues nationwide. He stands accused of defaulting on over $75 million in bank loans in Pitkin County, Colorado, which he allegedly used to pay off divorce settlements, purchase a yacht, and acquire luxury properties. 

As reported by local news outlet Nantucket Current, Burrell appeared in Nantucket District Court on Friday, held in handcuffs and ankle shackles as he unsuccessfully tried to arrange bail by asking that relatives deliver a $10,000 check so he could be released. His arrest stems from a warrant related to the bad check in Las Vegas, where Burrell owes approximately $1.5 million.

Burrell’s legal issues aren’t confined to Nevada. In February, he was sued by several banks, including First Western Trust Bank and Alpine Bank, for defaulting on business and construction loans exceeding $68 million. He also faces a separate $4.5 million suit from Bank of America for defaulting on loans related to his investment company.

Burrell Faces Multiple Serious Accusations

The ongoing financial pressures have taken their toll on Burrell. One of his properties, a mansion in Nantucket at 3 Brewster Road, sold at a foreclosure auction on Thursday for $12.5 million. Burrell’s Aspen mansion followed a similar fate and was sold online as part of a foreclosure auction. However, these sums still fall short of his substantial debts.

Most of Burrell’s career centers around Burrell Group, a multi-faceted investment management company he founded. Burrell also served as CEO of New Mexico-based real estate firm Rosemont Realty, whose board of directors included names like Hunter Biden. The company made headlines in 2014 due to its ties with Russian oligarchs.

The millionaire investor reportedly lived a life of luxury, enjoying regular yacht trips and several opulent properties. However, mounting court cases could indicate that Burrell built his highlife lifestyle on a mountain of debt. The defendant’s next court date is set for 18 November, focusing on the status of his legal matters in Nevada.