Former Billionaire Timothy Blixseth Jailed in Montana for Contempt of Court

Timothy Blixseth, the former billionaire owner of the bankrupt Yellowstone Mountain Club LLC, was jailed after failing to account for the proceeds from a resort in Mexico he sold in violation of a court order (Glasser v. Blixseth, D. Mont., 13-00068, order entered 12/18/14).

U.S. District Judge Sam Haddon at a hearing Dec. 18 in Butte, Mont., ordered Blixseth to be immediately taken into custody and held until he provides a full accounting of the $13.8 million he received for the Tamarindo resort. The judge had held Blixseth in contempt in February for selling the property in ...