Former billionaire hit with $200 million judgment

Published



BILLINGS, Mont. (AP) — A federal judge in California has issued a $200 million civil judgment against one-time billionaire Tim Blixseth for the fraudulent transfer of money out of an ultra-luxury resort he founded in southern Montana.

U.S. District Judge Gary Feess referred to Blixseth’s actions involving the Yellowstone Club near Big Sky as an “elaborate fraudulent scheme of self-dealing.” Feess said creditors in the case deserve to be repaid.

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