- 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.

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