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Yellowstone Club co-founder ordered to pay $13.8M

By Associated Press
Published On: Feb 04 2014 12:55:16 PM MST
Tim Blixseth
HELENA, Mont. -

A federal judge has ordered Yellowstone Club founder Tim Blixseth to pay at least $13.8 million for violating a court order by selling an ocean resort in Mexico that was part of bankruptcy proceedings.
    
U.S. District Judge Sam Haddon said in his order Monday that Blixseth is to pay the full value of the Tamarindo resort at the date of its transfer or $13.8 million, whichever is greater.
    
Haddon ordered Blixseth to post a bond or collateral in that amount by Feb. 21 and to account for the money from the sale by Feb. 14.
    
In December, Haddon ruled Blixseth was in contempt for selling the property in the state of Jalisco in 2011.
    
Blixseth referred questions to his attorney, who did not immediately return a call for comment.