Illustrator Scripting :: Placing A Text File Into CC

how to place an image into illustrator via scripting with javascript, however I am having difficulties with text files. My code is:
 
var myDoc = app.activeDocument;
var Layer1 = myDoc.layers[0];
function getTextFile() {
    return File.openDialog('Please select the text file to be imported:', undefined, undefined);
}
var myTextfile = getTextFile();
var myPlacedFile = Layer1.placedItems.add();
myPlacedFile.file = myTextfile;
 
But when I select a text file, it says it is an unsupported format. I'm assuming it has something to do with the extra options that come with importing a text document, specific for .txt and .doc for example.
 
For what it's worth I was working on an alternate method by read() ing in the contents of the .txt file and setting them equal to the contents of a textFrame, however it imported the text without carriage returns/newlines and I haven't been able to result that issue.