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Former billionaire Tim Blixseth behind bars in Missoula - KTVQ.com | Q2 | Continuous News Coverage | Billings, MT

Former billionaire Tim Blixseth behind bars in Missoula

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BUTTE - From one of the world's richest men - to prison.

Former billionaire Tim Blixseth - who founded the posh Yellowstone Club near Big Sky - was led out of a Butte courtroom in handcuffs on Thursday after U.S. District Judge Sam Haddon found him in contempt of court.

He was booked into the Missoula County jail with the Oregonian newspaper reporting Haddon ordered Blixseth jailed until he can come up with nearly $14 million.

The money is from the sale of resort property he owned in Mexico.

Blixseth has been in and out of bankruptcy court ever since his ultra-high-end Yellowstone Club collapsed after the 2008 financial crisis.

Blixseth spent several hours on the witness stand Thursday trying to explain what happened to the $14 million in question.

When his answers did not satfisy the court, Judge Haddon ordered Blixseth held in custody until he and his attorneys can account for the money made on the sale of his Mexican resort three years ago.

During an earlier hearing, Judge Haddon accused Blixseth of deliberately withholding information from the court.

 

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