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BILLINGS, Mont. (AP) — A federal judge has ordered the founder of a Montana resort for the ultra rich to remain jailed for contempt after not disclosing details from a 2011 property sale.
U.S. District Judge Sam Haddon said Wednesday that Yellowstone Club founder Tim Blixseth "remains unrepentant" and should remain incarcerated until he accounts for the $13.8 million from the sale of a resort in the Mexican state of Jalisco.
The Yellowstone Club near Big Sky went bankrupt after Blixseth gave up control to his ex-wife during their 2008 divorce. The club's remaining creditors are seeking to collect on more than $250 million in judgments against Blixseth, but have so far recovered little money.
Blixseth has been jailed since April.
A legal petition from Blixseth seeking his release is pending before the 9th U.S. Circuit Court of Appeals.
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