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December 19, 2014

Ex-billionaire jailed for contempt

  • The case stems from the 2008 bankruptcy of Montana's Yellowstone Club, a private ski and golf resort.
  • BUTTE, Mont. (AP) — Embattled real estate mogul Tim Blixseth was taken away in handcuffs on Thursday after a federal judge ordered the onetime billionaire jailed until he accounts for millions of dollars he owes his creditors.

    Blixseth's lawyers said they were uncertain how long it would take for them to come up with the answers sought by the court, meaning he could remain in jail for some time.


     
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