Court orders Montana resort founder freed from jail

[Judi Lynn]

Source: Associated Press

Court orders Montana resort founder freed from jail

Jul 6, 5:40 PM EDT
By MATT VOLZ
Associated Press

HELENA, Mont. (AP) -- A federal appeals court on Wednesday ordered the release of the founder of a Montana club for the ultra-rich, who has spent the last 14 months in jail for failing to account for the money from the sale of a resort in Mexico.

The 9th U.S. Circuit Court of Appeals granted Yellowstone Club founder Tim Blixseth's emergency motion for release pending his appeal. The two judges who wrote the order, Alex Kozinski and Richard Paez, did not explain their decision. It was not immediately clear when Blixseth would be released.

Blixseth's attorneys had tried and failed multiple times before Wednesday to free him from the Cascade County Detention Center, where U.S. District Judge Sam Haddon sent him in April 2015 on a civil contempt order.

Haddon jailed the Medina, Washington, resident for not revealing what happened to millions of dollars from the sale of the resort in Mexico, which was made during the Montana mountain resort's bankruptcy proceedings. Haddon had said jailing Blixseth would coerce him to fully account for the $13 million he received from the 2011 sale of the Tamarindo resort.

Read more: http://hosted.ap.org/dynamic/stories/U/US_BILLIONAIRES_BANKRUPTCY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-07-06-17-40-09

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[Hoppy]

1. Poor baby.

[2naSalit]

2. Gad to shop arpund to find those two shills.

I hope there's some objection, his wife should be in jail too but somehow she got away with a pile of cash.

[Ford_Prefect]

3. This creep fully deserves every minute of jail time they can find to apply.

Too bad they'll never get him on bribery and extortion. (the evidence magically disappeared).

Timothy Lee "Tim" Blixseth (born 1950) is an American real estate developer, record producer, songwriter and timber baron.[3] He was a co-founder of the Yellowstone Club in Montana. In 2006, Blixseth was featured in the Forbes 400 List of wealthiest Americans with a net worth of $1.3 billion. However, based on court records from his 2009 divorce, news reports estimated his 2011 net worth to have dropped to $200 million.[4] By 2012 he faced a forced bankruptcy for failing to pay Montana $57 million in income taxes[5] and in 2014 he told the courts he was "too broke" to pay pending judgments and contempt findings for his fraud role[6] in the Yellowstone Club bankruptcy.[7][8]
Blixseth's wealth and assets have been the subject of controversy.[9] The bankruptcy of the Yellowstone Club in 2008 led to extensive litigation with Blixseth and his creditors.[10] The property emerged from bankruptcy under new ownership in 2009.[citation needed] In December 2014[11] and again in April 2015[12] he was jailed for civil contempt for failing to pay court ordered sanctions and disclose what happened to assets the court had ordered held to pay his creditors. As of December 14, 2015, Blixseth remains jailed for the contempt, near Great Falls, Montana.[13]

https://en.wikipedia.org/wiki/Tim_Blixseth