Ex-Ski Club Head's Wife Hit With $9.3M Jury Verdict
Law360, New York (October 12, 2016, 6:04 PM EDT) -- A Washington federal jury on Tuesday ruled that the founder of a private Montana ski and golf resort, Timothy Blixseth, and his wife intended to defraud creditors by transferring over $9.3 million of his assets to her control, weeks after he was hit with a $286 million creditor judgment.
The liquidating trustee for the Yellowstone Club, Brian Glasser, claimed that in an effort to dodge creditors, Timothy Blixseth executed a series of "classic fraudulent transfers," funneling his assets, including a private jet and a 156-foot yacht, through a shell company and ultimately to his wife, Jessica Blixseth.
The Seattle jury agreed,...
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