- Associated Press - Monday, June 8, 2015

BILLINGS, Mont. (AP) - A federal judge in Montana will decide how long former billionaire Tim Blixseth will remain in jail now that an appeals court rejected the fallen real estate mogul’s plea to be released.

Blixseth has been jailed since April 20, when U.S. District Judge Sam Haddon found the Washington state resident in contempt of court for failing to account for $13.8 million in proceeds from the sale of a resort in Mexico.

A three-judge panel of the 9th U.S. Circuit Court of Appeals on Monday declined to intervene and rejected Blixseth’s request for a new judge.

Creditors of the Yellowstone Club, a Montana resort founded by Blixseth, say he owes them $286 million that he took from the club. Haddon gave the creditors until June 12 to review 9,000 pages of documents Blixseth submitted last week.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide