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Man who claimed to be the son of an oil baron could spend up to 20 years behind bars

A man who posed as the son of an oil baron to rent 17 private jets, rent luxury homes for $30,000 a night and buy five cars has been caught after failing to pay $76,000 to a jet firm.

Nicholas Bryant, 23, stole an estimated $1.5 million and defrauded at least 50 people in the elaborate scheme that involved posting goods and services and then sending bogus payments through online payment platforms.

On November 9, Bryant pleaded guilty to one count of wire fraud and is now awaiting sentencing, which could face up to 20 years in prison.

In the first time he spoke out about his scam, Bryant recounted The everyday beast via texts and a phone call from the Lubbock County Detention Center, the allegations against him are “virtually true.”

‘I took private jets and stayed in the most expensive Airbnbs and hotels. Went deep sea fishing and toured everything possible,” he said, noting that he deeply regrets his actions.

“I bought and drove five different high-end cars. By far my most favorite trip was to [Turks] and caicos.

‘I spent two weeks on the island, from fishing to sailing yachts. I was staying in a $30,000 a night house. It was amazing.’

Social media posts from the time depicted Bryant on private jets filled with vodka, enjoying steak dinners on yachts and lounging in five-star hotel rooms.

The 26-year-old has admitted that between 2020 and 2021 he would use online platforms like QuickBooks to send payment confirmations without ever intending to pay.

However, it would take days for merchants and businesses to figure out that Bryant canceled that transaction before the money was forwarded.

Nicholas Bryant, 23, stole an estimated $1.5 million and defrauded at least 50 people in the elaborate scheme

He Was Caught When An Airline Company Came After $76,000 Bryant Owed Them After A Trip To Miami With His Friends

He was caught when an airline company came after $76,000 Bryant owed them after a trip to Miami with his friends

By then, Bryant said he had already enjoyed the jet ride or lavish excursion and disappeared.

Bryant assumed several fake names and backgrounds to give legitimacy to his plan.

Usually he said he was ‘the son’ [of an] oil tycoon.’

Bryant also convinced at least one company that he had a “secretary” who handled his finances and transferred the money, which turned out to be false.

“I knew how to play the part,” Bryant said.

Prosecutors say Bryant has taken at least 17 private jet flights, stayed in numerous luxury hotels, spent half a day on a 90-foot yacht with friends where he demanded a steak and champagne dinner, and five luxury cars worth of $500,000.

Bryant also convinced a developer to start building a $980,000 home with a pool and workshop and never paid.

“This defendant would be well on her way to becoming Anna Delvey of Lubbock [Sorokin] or Frank Abagnale,” U.S. Attorney Chad E. Meacham said in a statement on Bryant’s plea.

Bryant said he thought it was ‘crazy that they compare’ [him] to both ‘Sorokin and Abagnale who say he beat them.

‘My story may be wilder than theirs! I can almost guarantee it!’, he said.

A spokesperson for the US Attorney’s Office Northern District of Texas declined to comment on the case, noting Bryant’s sentencing was still pending. Bryant’s attorney did not respond to a request for comment.

In 2013, Mar reported that Bryant was arrested on charges of counterfeiting a financial instrument. It is not clear what happened to the case.

In 2019, Bryant seemed to have run into money problems. Lubbock Judge Jim Hansen, who is the justice of the peace for Precinct 1, told The Daily Beast that his office received at least two cases that year related to Bryant, an eviction and debt lawsuit from the Texas Tech Federal Credit Union.

The 26-Year-Old Admitted That Between 2020 And 2021 He Would Use Online Platforms Like Quickbooks To Send Payment Confirmations Without Ever Intending To Pay

The 26-year-old admitted that between 2020 and 2021 he would use online platforms like QuickBooks to send payment confirmations without ever intending to pay

In July, the bank filed a lawsuit, noting that Bryant had a “negative current account” and was seeking damages of approximately $571.86. The case was eventually dropped.

A few months later, on October 24, 2019, Bryant’s luxury apartment complex filed an eviction suit against him for “failing to pay the first month’s rent” and a debt of more than $1,400.

Hanson ruled in favor of the apartment, ordering Bryant to leave the unit and “pay back expenses in the amount of $116.00, back rent in the amount of $1494.53, with interest at 5.25 percent per annum composed’.

Towards the end of 2019, Eggemeyer said he had returned home and was looking for work during the off-season — and reached out to Bryant about a possible partnership with him in the oil industry.

Bryant has shown some remorse regarding his friend Hayden Eggemeyer, who he admits was a victim of his crimes.

While he didn’t go into detail about the scam, Bryant said Eggemeyer “worked” for him while he was “running an oil company” that was part of the “federal paperwork.” [he] plead guilty [to].’

However, the company “came to a halt when numerous workers and service companies were not paid [sic] and investors got no returns.’

“I pocketed all the proceeds and used [them] to fund my lavish lifestyle,” Bryant said.

“I was 23 and making about 60,000 a month.”

Bryant said the plan started in January 2020, when he and a friend spent a Thursday night at a Topgolf in Dallas, when the pair agreed that “playing a round of golf in Scottsdale” would be much more fun.

He started calling charter airlines and was surprised when they were able to fly to Arizona shortly after.

‘We did the trip without any problems and when I asked how I am going to pay for it, [the sales representative] told me I could transfer the money,” he said, noting that he “googled only third-party bank transfers” and found that these systems would send payment confirmations that he could later cancel.

The delayed payment confirmations, he said, allowed him to “get away with it for so long.”

But he said he was constantly hounded by private jet companies when they realized he wasn’t paying.

“I would just stop taking their calls. I just went crazy,” he said.

On November 9, Bryant Pleaded Guilty To One Count Of Wire Fraud And Is Now Awaiting Sentencing, Which Could Face Up To 20 Years In Prison

On November 9, Bryant pleaded guilty to one count of wire fraud and is now awaiting sentencing, which could face up to 20 years in prison

Bryant was arrested in March 2020 on similar state charges in Texas and was eventually released on bail on $150,000 bail. But that didn’t stop him from continuing the plan.

He said he used the lavish escapes to escape the reality of what he had done.

“I lived life,” he said.

“At the peak I was spending 50, 70, $100,000 dollars a day. I was so deep in it it didn’t really matter.’

In the end, however, prosecutors say Bryant’s plan fell apart after a private jet trip to Miami on Nov. 18, 2021.

“Bryant stated that he was interested in purchasing an aircraft of the type the company had chartered, and wanted a ‘demo flight’ to make the final decision,” a factual resume dated Nov. 1 read.

The flight was scheduled from Lubbock to Houston and on to Miami and back — and cost $33,000, but an additional $5,000 was added to the bill “to cover alcoholic beverages on board and transportation in the limousine, with whatever was left over.” to keep as ‘tip,’ according to Bryant,” the prosecutors said.

“The bill for the return flights mirrored the bill for the first flight totaling $76,000,” the court document said.

Prosecutors did not go into details in court documents about how they eventually caught Bryant, the only charge against the 26-year-old being related to a private jet trip in November 2021.

Bryant noted that his biggest mistake on the November 2021 trip was using the same private charter airline for his return flight to Texas.

Bryant was arrested the following month when he said he was at a car dealership trying to buy an Audi and a Maserati.

“At that point I felt somewhat relieved because I knew it was over,” he added.

“By the end it was all looking over my shoulder.”

He has been in custody since his arrest in December 2021, a time that Bryant says has given him time to “think about how fast everything has happened and how big everything has gotten.”

“It was fun, but I definitely regret it. Many of these companies are good, hard-working people,” he said.

“They’ve built these businesses and it’s hard to take a $100,000 loss. And I did that with 50 people.’

“It’s definitely weird to look at pictures and think wow, I was just living in the moment.”

“The serious consequences did not impress me.”

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Jacky

The author of what'snew2day.com is dedicated to keeping you up-to-date on the latest news and information.

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