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Home / IBR Headlines / Firm aiming to buy Tamarack may have exaggerated info

Firm aiming to buy Tamarack may have exaggerated info

A Salt Lake City company that has offered to buy Idaho’s Tamarack Resort changed its website Aug. 16 after being questioned about the accuracy of its information.

The Associated Press scrutinized a passage on the Pelorus Group’s website that told potential clients it has been providing services for a dozen years. Utah secretary of state records indicate Pelorus was founded April 23, 2009 – just after its owner, James T. Bramlette, was discharged from bankruptcy.

The website originally included this statement: “Since 1998, The Pelorus Group has provided clients with quality loan and consulting services across every aspect of their real estate transactions.”

After calls and e-mails from the AP, somebody at the company changed the website about noon Aug. 16 to read, “Since 1998, the management team of the Pelorus Group has provided clients with quality loan and consulting services across every aspect of their real estate transactions.”

The marketing materials on the website could have led clients to believe the company has been operating longer than it really has.

Bramlette, now 32, didn’t return phone calls or e-mails on Aug. 16.

Bramlette didn’t live in Utah a dozen years ago. The son of a southwestern Montana real estate salesman had only recently graduated from Beaverhead County High School in Dillon, Mont.

There, he operated a small Montana business called Big Sky Mortgage & Loans before selling the business and moving to Salt Lake City around 2002, according to a 2008 deposition taken by lawyers for a company suing Bramlette over an unpaid $500,000 loan.

Once in Utah’s capital, Bramlette founded about 20 companies, gave real estate seminars and marketed resort properties for developers – including to plaintiffs now suing in federal court over a project in eastern Idaho where they claim they were misled.

A trial in U.S. District Court is scheduled for October.


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3 comments

  1. Hey if Bramlette wants to blow his money, let him. We all know that it takes 3 to 5 owners of a major ski resort like this to find one that really makes it work and for all of the bugs to get worked out. So he would be number 2 getting us closer to the real owner.

  2. Bummer for Tamarack! Sounds like Bramlette’s previous company should have been called “Blue Sky” not “Big Sky” Mortgage and Loans!

  3. Wow, Sounds like this guy went to the Swenson University DBSI School of Almost Legitimate Business! Too bad for Tamarack. I was getting excited to see that baby fly again!! I feel more for the residents of Cascade and Donnelly. You guys didn’t deserve this, and I truly hope it turns around again.