Thomas Kramer: SoBe Bad Boy to Declare Bankruptcy, Live Off Friends

Categories: News

Real-estate developer Thomas Kramer was once worth $100 million. The German-born bad boy was a South Beach pioneer and a stalwart of the party scene in the 1990s. Lately, he has suffered severe financial problems, the result of a $244 million Swiss court judgment against him.

Now he has told lawyers that he "is going to declare bankruptcy, probably," according to a deposition he gave in a civil lawsuit last month at the law offices of Kozyak Tropin & Throckmorton in Coral Gables. But, hey, it's not over. He says he has $300,000 left in a Dubai bank account.

Kramer spoke in a civil suit over money he borrowed decades ago to buy South Beach property and never repaid. Dressed like an aging rock star in a camouflage hoodie and stars-and-stripes neck scarf, he seemed oddly chipper as lawyers representing Verena Mitshke-Colande and Claudia Miller -- heirs to Germany's largest currency-printing company -- grilled him about his assets.

See also: Thomas Kramer's South Beach Story Ends With $200 Million Court Judgment

The tone for much of the grueling six-hour deposition, which New Times viewed, was set at the beginning when he was asked if he suffered from any medical conditions that would impair his ability to answer questions.

"Only brain damage," quipped the hard-partying entrepreneur.

Indeed, Kramer treated the event as a bit of a joke and answered most questions with either "I don't recall" or "Ask my accountant." Quizzed about how he would support himself after his money ran out, Kramer said he planned to live with family and friends.
"I'm everywhere invited, so they are going to help me," he said.

Eighteen months ago, Kramer inherited $3.3 million from the estate of his late father, Willi Kramer, a wealthy stockbroker. So the lawyers for Mitshke-Colande and Miller -- heirs to a business magnate who improperly lent Kramer cash in 1992, just as South Beach real estate was taking off -- wanted to know where all that money went.


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45 comments
kaladelosrios
kaladelosrios

It is pointless at this time to lecture you about an important value that you lack of: LOYALTY. Unfortunately, this is something that the victim of your bad action didn't know when he trusted you and gave you a job opportunity. Not only he opened the doors of his office, but also the doors of his home and a space at his table for you to eat his food and drink his wine. How could you be capable of betraying him in the way you did? That says a lot about you. This is the truth, not the false statements that you are making up about your former employer.

alexlacayo
alexlacayo

If the first article didn't get you a better job than New Times ;guess you must test the water with a second. Kind of sad that a so called "friend"and ex employee who supposedly loved thomas would go out of her way to mock and belittle her "Ex boss". And for what?? What is your point of this betrayal?? Seriously its time to move on. No one really cares about your personal vendetta. Your 15 minutes are up!!! Stick to writing why people should hire a Hooker. Thomas Kramer my friend and your ex Boss is way above your league.

alexlacayo
alexlacayo

NOTHING WORSE THAN UNGRATEFUL PEOPLE!!

Since the first article on Thomas didn't get you a better job than New Times ;guess you must test the water with a second. Kind of sad that a so called "friend"and ex employee who supposedly loved thomas would go out of her way to mock and belittle her "Ex boss". And for what?? What is your point of this betrayal?? I know New Times isn't paying you enough to hurt an Ex Boss. Seriously its time to move on. No one really cares about your personal vendetta or your sick obsession with your ex Boss Thomas Kramer. Your 15 minutes are up!!! Stick to writing why people should hire a Hooker!. Thomas Kramer my friend and your ex Boss is above your league

alexlacayo
alexlacayo

NOTHING WORSE THAN UNGRATEFUL PEOPLE!!

Since the first article on Thomas didn't get you a better job than New Times ;guess you must test the water with a second. Kind of sad that a so called "friend"and ex employee who supposedly loved thomas would go out of her way to mock and belittle her "Ex boss". And for what?? What is your point of this betrayal?? I know New Times isn't paying you enough to hurt an Ex Boss. Seriously its time to move on. No one really cares about your personal vendetta or your sick obsession with your ex boss Thomas Kramer. Your 15 minutes are up!!! Stick to writing why people should hire a Hooker!. Thomas Kramer my friend and your ex Boss is above your league

kaladelosrios
kaladelosrios

It is pointless at this time to lecture you about an important value that you lack of: LOYALTY. Unfortunately, this is something that the victim of your bad action didn't know when he trusted you and gave you a job opportunity. Not only he opened the doors of his office, but also the doors of his home and a space at his table for you to eat his food and drink his wine. How could you be capable of betraying him in the way you did? That says a lot about you. This is the truth, not the false statements that you are making up about your former employer. 


kaladelosrios
kaladelosrios

It is pointless at this time to lecture you about an important value that you lack of: LOYALTY. Unfortunately, this is something that the victim of your bad action didn't know when he trusted you and gave you a job opportunity. Not only he opened the doors of his office, but also the doors of his home and a space at his table for you to eat his food and drink his wine. How could you be capable of betraying him in the way you did? That says a lot about you. This is the truth, not the false statements that you are making up about your former employer. 

kaladelosrios
kaladelosrios

It is pointless at this time to lecture you about an important value that you lack of: LOYALTY. Unfortunately, this is something that the victim of your bad action didn't know when he trusted you and gave you a job opportunity. Not only he opened the doors of his office, but also the doors of his home and a space at his table for you to eat his food and drink his wine. How could you be capable of betraying him in the way you did? That says a lot about you. This is the truth, not the false statements that you are making up about your former employer. 

Ekaterina
Ekaterina

I don't understand why it's so interesting to talk about other person's troubles. I know Thomas Kramer and he is definitely a good person who gave lots of work possibilities to many people and opened his house to everybody. I don't know so many people on that level who are so friendly, loyal and kind and he absolutely doesn't deserve such sarcastic articles.

MCap
MCap

Sad to see that People Have nothing else to do in life other than speak about others..

All the mean comments are from people that obviously don't know him..

If they would, they would know that Thomas is a great man with a big heart! 

He is extremely intelligent and knows exactly what he is doing!

So don't worry about him and get back to your shitty and boring lives!

Anastasia Biltmore
Anastasia Biltmore

Sweet justice for what happened with SP and the numerous people who have claimed to have been sexually assaulted by Thomas Kramer but were "discouraged" from pursuing justice. Karma always has a way of catching up. In the words of TK: "F--k YOUR life!" I hope you rot in a ditch.

Alex Lacayo
Alex Lacayo

NOTHING WORSE THAN UNGRATEFUL PEOPLE!!Since the first article on Thomas didn't get you a better job than New Times ;guess you must test the water with a second in hopes of a better job or more ads for New Times. Its Kind of sad that a so called "friend"and ex employee who supposedly loved thomas would go out of her way to mock and belittle her "Ex boss". And for what?? What is your point of this betrayal?? I know New Times isn't paying you enough to hurt an Ex Boss. Seriously its time to move on. No one really cares about your personal vendetta or your sick obsession with Thomas Kramer and his life. Your 15 minutes are up!!! Stick to writing why people should hire a Hooker!. Thomas Kramer my friend and your ex Boss is above your league

alexlacayo
alexlacayo

NOTHING WORSE THAN UNGRATEFUL PEOPLE!!

Since the first article on Thomas didn't get you a better job than New Times ;guess you must test the water with a second in hopes of a better job or more ads for New Times. Its Kind of sad that a so called "friend"and ex employee who supposedly loved thomas would go out of her way to mock and belittle her "Ex boss". And for what?? What is your point of this betrayal?? I know New Times isn't paying you enough to hurt an Ex Boss. Seriously its time to move on. No one really cares about your personal vendetta or your sick obsession with Thomas Kramer and his life. Your 15 minutes are up!!! Stick to writing why people should hire a Hooker!. Thomas Kramer my friend and your ex Boss is above your league

Ray Corral
Ray Corral

Yea like some idiotic brazilians that think the all that glitters is gold:)

Alex Lacayo
Alex Lacayo

If the first article didn't get you a better job than New Times guess you are testing the water with a second. Kind of sad that a so called friend would go out of her way to mock and belittle your ex boss. Seriously its time to move on. No one really cares about your personal vendetta. Time to move on and write about someone else.

perhonen
perhonen

Hatchet job "journalism" by a jealous and mean spirited ex employee of Thomas, who was hired originally to write his autobiography and ended up using that access against him to create a "career" for herself at this paper, which thus far means only this evil , and I dare say, bitchy vendetta style sliming masquerading as news media , as thomas fired her, presumably for incompetence in her first and only assignment . A tragedy that such  a big hearted and bright spirit as this guy has to be even on the same page as this small minded, petty  jealous  schmuck  of a cow from Russia. He might be a colorful character with a quick temper but he has a heart of pure gold, looks after all his loyal employees with genuine heart and conscience,  and does not deserve this , at all.  Her one lucky shot in life she is milking to the bitter end. Bringing in the mention of his mother or his father's death should show the world who this writer is , and the paper should be ashamed to call itself an honorable production if they allow this on their pages. 

eurotrash
eurotrash

Herr von Kramer knows that Florida law protects primary residence from judgment - That's why Herr von OJ moved here from California when he was hit with 21 million civil case after he cut his ex-wife's throat.  You can bet Tommy has a buried bucket of Euros to keep him in strudel in perpetuity ya?

Frank Castle
Frank Castle

The so-called 'rich' people here in miami, are NOT really rich, it's all fake and show, ive seen it time and time again, for example: some stupid cubans ive seen have mercedes-benz but yet they live in a little apt in hialeah, who are they kidding.

Orlando And-Lady Raven
Orlando And-Lady Raven

Rich people are not what they appear to be. Flaunt your money, lose your money, let's see how many friends he really has...

Javid Ismayilov
Javid Ismayilov

Just because he declared bankruptcy doesn't mean his broke.. taxes

Harley88
Harley88

So how does he not pay propert taxes and still live there?  I would not like to pay mine.

Sean Ford
Sean Ford

I remember reading an article a few months ago where he took credit for creating South Beach. Karma is a bitch.

Benjamin Robert Belin
Benjamin Robert Belin

awww, leave poor Thomas Kramer alone. he throws some good star island parties.

James Kendall
James Kendall

So sad to see a Euro Trash trust fund douche bag lose everything. Oh wait. No it's not.

MiamiBeachCrack
MiamiBeachCrack

Modern Miami Beach was built and is inhabited by a large amount of losers. 

Jennifer Randolph Graddy
Jennifer Randolph Graddy

Wow, I feel sorry for a guy that had to CUT his costs to $40k - $50k a month when he lost an appeal. Most people manage to live on 10% or less of that a month.

Robin Steel
Robin Steel

That's what happens when you blow all your money on south beach club whores.

MCap
MCap

Thomas Kramer never assaulted anyone, if a girls goes for it, it's because she chose to, he never forced or kidnapped anyone...........

Of course we all know that you have no idea of what you're talking about as he would never try anything with a person looking like you!

Jealousy is a shame, so shame on you fatty 


Your life probably sucks so much that you are the one who will end up in a ditch by killing yourself!

capauk
capauk

YO!! you fucking bigot... did you verify that they were Cubans.  The people that live in Hialeah are from all over South and North America.

So who's stupid??

DavidDennis
DavidDennis

@Harley88 If you don't pay property taxes, they take them as a lien against the property.  I think you have to have a few years of unpaid property taxes before they can force-sell the property.  Property taxes always have priority over other liens, so they always get their money in the end.

MCap
MCap

the article was from the same person, a person obsessed by Thomas Kramer looking for glory after getting fired.

You believe everything you read in the papers? really?

try to get your own opinions


and by the way I don't think that a stupid writer is "Karma" 

MCap
MCap

Why is he a loser? but really? why?

looking at your pictures I can tell you are a sad man, a very sad and ridiculously lonely man.

Just because you're not happy, doesn't mean you have to say bad things about other people!

But in a way I can excuse you, I would probably hate successful people if I had your Facebook timeline! 



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