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March 25, 2015

Ex-billionaire owes $57M in back taxes

BILLINGS, Mont. (AP) — A Montana tax board says onetime billionaire and Yellowstone Club founder Tim Blixseth owes $57 million in back taxes, primarily on a $375 million loan that was meant for the luxury resort but was largely diverted for his personal use.

Tuesday's announcement by the Department of Revenue caps a series of tax board rulings against the embattled real estate mogul over the past year.


 
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