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Man Charged With Grand Theft, Fraud For Allegedly Selling Swampland

The sales pitch involved lucrative land deals worth millions of dollars in Volusia County. The catch was it's swampland and now the seller is in big trouble.

Eyewitness News worked closely with the Florida Department of Law Enforcement after investigators seized several high-end cars belonging to James Kelly. He has since been arrested and, during his first appearance in court Tuesday, he was accused of defrauding American and international investors of millions.

Investigators said they were often taken to a gate and were told, "Your land's out there somewhere." They never got to see that most of their land was swamp and they could never build anything on it. Meanwhile, the man selling it to them was making millions.

Kelly walked into court in an orange jump suit and handcuffs Tuesday, far removed from his half-million dollar home, his high-end cars and the Web site that earned him millions. It was through that site, investigators said, Kelly sold huge plots of Central Florida land. Buyers scooped it up, believing it was a great place for a home.

Elysee Augustin said, "James Kelly said to me the land is high and dry, very good investment, good potential." Pierre Labordes from New Jersey said Kelly told him, "The county will grant a permit soon, probably next year."

The truth was, there are no roads and no utilities and Volusia County said it would not allow anything to be built there.

"He was selling property with full disclosure as to all aspects of the property," said Kelly's attorney, Peyton Quarles.

Quarles said, as far as he knows, buyers should have known what they were getting into. A statement on the Web site does tell buyers to do their own due diligence. However, victims said Kelly told them something completely different.

It's the conflicting statements about the property that have Kelly facing grand theft and fraud charges and it will be tough for him to bond out of jail, because he will have to prove the money he's using is completely legal.
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