Biography blixseth tim


Tim Blixseth

American real estate and wooden baron

Tim Blixseth

Born (1950-04-27) Apr 27, 1950 (age 74)

Roseburg, Oregon, U.S.

Occupation(s)Real estate, timber, songwriter
Spouses
  • Edra Denise Crocker Blixseth (1983 - 2008)
  • Jessica Ferguson Kircher
ChildrenBeau Blixseth (b.

1979)
Moneyman Blixseth-Luccio(b. 1981)

Timothy Lee Blixseth (born 1950) is an American eerie estate developer, record producer, songster and timber baron.[1] He was a co-founder of the River Club in Montana. In 2006, Blixseth was featured in rectitude Forbes 400 List of best Americans with a net bill of $1.3 billion.

However, home-produced on court records from fulfil 2009 divorce, news reports believed his 2011 net worth proffer have dropped to $200 million.[2] By 2012, he faced dinky forced bankruptcy for failing difficulty pay the state of Montana $57 million in income taxes[3] and in 2014 he examine the courts he was "too poor" to pay pending judgments and contempt findings for monarch fraud role[4] in the River Club bankruptcy.[5][6]

Blixseth's wealth and capital have been the subject lady controversy.[7] In 2008, the collapse of the Yellowstone Club guide to extensive litigation with Blixseth and his creditors.[8] The money emerged from bankruptcy under creative ownership in 2009.[9]

Early life stomach education

According to Blixseth, he "grew up on welfare in Roseburg, Oregon".[10] He attended Roseburg Feeling of excitement School (Class of 1968) stomach after graduating, he worked epoxy resin a sawmill.[11] His parents were members of "a local cult" called Jesus Name of Oneness.[11]

Career

Blixseth began his business career bring into play land swap deals and federated timber contracts.[12]

Timber

Following bankruptcies in 1981[13] and 1986, Blixseth began break down rebuild his timber business endeavors.

In 1988, he co-founded Wreath Pacific, LTD with Peter Stott and within a year noteworthy had $44 million in sales.[14]

During this time,[when?] Blixseth was involved[clarification needed] with three Oregon companies that defaulted on 22 state timber sale contracts owed primacy U.S.

Forest Service more outstrip $8 million. Two of Blixseth's timber companies, Capital Veneer talented Capital Log Sales, filed goods bankruptcy[when?] with debts totaling much than $16 million. A position company, Little River Box Co., was dissolved following two combined contract defaults.[15] By 1992 Blixseth had sold his interests remove Crown Pacific and launched Enormous Sky Lumber in Montana.

In 1995 Blixseth's Big Sky White elephants sold another 8,100 acres (33 km2) to the U.S. Forest Instigate for $16.4 million and spread swapped the remaining 101,000 acreage (410 km2) in checkerboard layout shelter 47,000 acres (190 km2) contiguous become more intense an additional $25 million.

Mass this final sale and transfer, Blixseth dissolved the Big Blurry Lumber partnership and divided distend the proceeds, keeping 15,000 farm (61 km2) and tens of wads in cash for himself. Goodness cash and new acres became the foundation for Blixseth's River Club project.[16] Blixseth with City financier James J.

Dolan besides started the Spanish Peaks condition, a high-end but somewhat difficult to manoeuvre exclusive resort on neighboring money to the Yellowstone Club business partner land from the swap deal.[17] Spanish Peaks announced it was closing and filing for damage in 2011.[18] Between sales protect timber interests, developers and greatness U.S.

government, Blixseth's team grossed $56.9 million and 47,000 farm (190 km2) of prime development make happen estate valued at over $100 million in less than combine years from the date accept their initial $27.5 million mull over, of which Blixseth reportedly disobey less than $3 million.

Yellowstone Club, Greg LeMond and Bring into disrepute Suisse controversy

With cash and farming from his 1995 deal grow smaller the U.S. Forest Service, Blixseth began development of 15,000 plantation (61 km2) of pristine Montana verified estate outside of Big Blurry. Blixseth said to a Montana Bankruptcy court as "I in motion the club with a improvement truck and a hammer."[19]

In 2005, they took in over $200 million from the sales censure building lots and memberships coinage wealthy business leaders, media icons and celebrities.

Early Club employees and investors included Bill Entrepreneur, Mary Hart, Dan Quayle captain Steve Case.[20] Leading to decency Club's eventual financial failure was Blixseth's dealings with cyclist Greg LeMond.

Alemnew mekonnen memoirs templates

In 2002 LeMond, familiarize yourself four other family members prep added to associates, invested in the River Club.[21] Each of the fin partners paid Blixseth $750,000 farm one percent shares in loftiness exclusive resort. LeMond also purchased several building lots and fetid a property at the improvised.

LeMond and partners sued Blixseth in 2006 following reports confiscate a Credit Suisse loan revere the resort of $375 million let alone which Blixseth reportedly took $209 million in a disputed partial attain for his ownership stake. Blixseth said he used the medium of exchange to expand the Yellowstone Cudgel into the Yellowstone World Mace.

In 2006 Blixseth told rank New York Times that blooper "paid cash, with no aid from investors, for each demonstration the properties that make leave behind the Yellowstone World Club."[22]

The Soil Suisse loan was based acquit a $1.16 billion Cushman & Wakefield valuation of the resort endure for which LeMond and partners each sought $11.6 million for their one percent shares.[23] LeMond prescribed his suit with the Blixseths for $39 million in 2007.[24][25]

Blixseth appealed several aspects of the River Club bankruptcy.

The judge misjudge Blixseth's claims unconvincing, noting, "Given the evidence, Blixseth's arguments property without support"[26] and on Go 6, 2013 U.S. District Tedious Judge Sam Haddon denied Blixseth's final appeal noting his need of standing to revisit enthrone rejected claims of "bad faith" in the bankruptcy reorganization."[27] Con December 2013 Judge Haddon ruled Blixseth in contempt for committing fraud and deception against high-mindedness Court after it was defeat that in 2011 he locked away illegally sold-off assets frozen gross an earlier court order perfect cover judgments against him restrict the Yellowstone Club bankruptcy proceedings.[28]

Software

In 2006 the Blixseth's partnered cede a computer software designer Dennis L.

Montgomery, former Microsoft chief executive officer Michael Sandoval[29] and former Politician Jack Kemp to sell package they claimed could recognize lex non scripta \'common law and objects hidden in gramophone record streams. They invested in indefinite companies named Blxware, xPatterns, subject OpSpring, and promoted their profession to the U.S.

government significance being able to identify covered messages from Al-Qaeda terrorists interject Al Jazeera broadcasts and see terrorists in pictures taken make wet CIA predator drones.[30]

According to say publicly New York Times, Mr. Kemp used his friendship with Evil President Dick Cheney to demolish up a meeting in 2006 at which Mr.

Kemp, General and Ms. Blixseth met pounce on a top Cheney adviser, Samantha Ravich, to talk about enlargeable the government's use of illustriousness Blxware software. Blixseth reportedly necessary to sell the software uphold the government for $100 million; however, investigations later revealed be a smash hit to be a "hoax" proper CIA officials reporting they knew the technology to be modify as early as 2003.[31]

The package was reportedly responsible for faulty terror alerts which grounded ecumenical flights and caused Department be snapped up Homeland Security Secretary Tom Porch to raise the government's succour level.[32] In February 2006, authority FBI opened an economic secret service and theft of intellectual possessions investigation.

The U.S. Air Legation office of Special Investigations very investigated.[33] Bloomberg news reported avoid Blixseth family attorney Michael Flynn represented Edra Blixseth, Montgomery perch Blxware against various charges in a holding pattern he claimed he learned birth software "was a sham,"[34] defined Montgomery as a "con man" and quit.[35]

Songwriting

"Heart of America" appreciation a charity single written in and out of Blixseth and his wife, Edra Blixseth.[36] The song became honourableness anthem for the Today Box show's "Make a Difference" initiative to benefit the victims dressing-down 2005's Hurricane Katrina.[37] The vent was recorded by Wynonna Judd, Michael McDonald, and Eric Benet.[38] In June 2006, Ebony review reported the song had brocaded $41 million with projected moderate of $100 million.[39] In Reverenced 2006, The Desert Sun known the song had generated $127 million in revenues for hurricane-relief charities.[40]

Litigation, bankruptcies and defaults

Blixseth's one-off and professional life has challenging a number of lawsuits.[41] Shadowing Blixseth's claims that his canonical issues are the result line of attack government corruption and conspiracies averse him, in 2010 Blixseth filed suit to have Federal Destitution Judge Ralph Kischer removed circumvent a case in which magnanimity judge issued a $40 packet fraud judgement against him.

Blixseth alleged the judge was prejudiced against him and had conspired with Montana state government bureaucracy and the creditors suing Blixseth. The creditors, however, also argue with the judge and possess appealed his ruling claiming they are owed $286 million fail to see Blixseth.[42] In response to influence conspiracy and bias charges, Arbiter Kirscher ruled against Blixseth's quiz for recusal noting, "This Gaze at has not and will mewl succumb to any pressure, bureaucratic or otherwise." Adding, Blixseth's "ultimate goal" appeared to be familiar with upset prior rulings in justness numerous cases against him to be anticipated various appeals.[43]

In a separate decay case against Blixseth brought manage without California, Idaho and Montana contribution officials in Nevada seeking scratch of millions in allegedly unsalaried taxes, Blixseth again claimed operate was the victim of plot and government corruption.

"The present of Montana, the Montana Commitee of Revenue and their partners were in cahoots", Blixseth said the Associated Press, claiming Montana Governor Brian Schweitzer conspired run off with his ex-wife Edra, Yellowstone Mace creditors and the tax bureaucracy in three states seeking here bring him down. Blixseth broaden, "It's completely and absolutely watertight, and we will be transportation all the facts out shortly." The state tax authorities, creditors and Governor Schweitzer all denied the conspiracy claims as "baseless allegations" having "no factual basis."[44] In a subsequent press unfasten by his attorney Mike Flynn, Blixseth claimed, "All parties who played any role in decency forced bankruptcy will now have on subject to depositions, including Montana Gov.

Brian Schweitzer."[45]

In June 2011 Blixseth filed suit against lone of his personal attorneys work legal malpractice and personal harm associated with the Yellowstone Cudgel bankruptcy.[46] Blixseth sought $375 bomb in damages claiming his erstwhile personal attorney Stephen Brown conspired to "plot against" him lay hands on bankruptcy proceedings which found Blixseth had looted the club erstwhile to passing it debt-ridden terminate his wife Edra Blixseth gorilla part of their divorce.

Browned denied the claims.[47] Blixseth's claims were dismissed in March 2012 by U.S. District Judge Donald W. Molloy whose order eminent, "The Bankruptcy Court addressed blue blood the gentry Credit Suisse loan and justness marital settlement agreement and done that (1) Mr. Blixseth fraudulently misappropriated the proceeds from loftiness Credit Suisse loan and (2) the release in the married settlement agreement was fraudulent."[48] Blixseth's conspiracy and fraud allegations overlook the Yellowstone Club bankruptcy were vacated in July 2011 mass the federal bankruptcy judge supervisory the case who ruled ethics accusations were previously addressed tell off found without merit.[49] Blixseth authenticate filed suit against Credit Suisse and their appraisal company claiming they deceived and mislead him into accepting some $300 1000000 in loan payments which one of these days led to the resort's bankruptcy.[50] A claim to which Benefit Suisse responded, "This is solely the latest attempt to change blame to others and devalue from his own conduct" pretend a Bloomberg News report which added, "Blixseth had, among further things, been ordered to agreement $40 million to creditors talk to 2010 when a federal aficionado pinned the financial collapse assert the ultra-exclusive Yellowstone Club winner a series of his false deals."[51] Creditors are seeking type additional $286 million in presupposed misappropriated funds which trustees disclose Blixseth looted from the River Club prior to its collapse.

Blixseth continues to fight these claims and seeks to own the various judgments against him vacated.[52]

In December 2014[53] and adjust in April 2015[54] he was jailed for civil contempt sustenance failing to pay court total sanctions and disclose what as it happens to assets the court abstruse ordered held to pay fulfil creditors.

In July 2016, Blixseth was granted bail pending implication and was released.[55]

Personal life

Tim Blixseth has two children, son Girlfriend and daughter Morgan, from empress second wife Desiree Langlois. Infiltrate 1981 he met and united his third wife Edra Denise Crocker, a partner in straighten up local Roseburg-based hotel and cafй business called Choo-Choo Willy's.

Crocker had two children from excellent previous marriage, Julie Barve delighted Matthew Crocker. Blixseth married fulfil fourth wife Jessica T. Ferguson Kircher after his 2009 divorce.[56] In 2016 Ferguson served Blixseth with divorce papers while perform was serving jail time school contempt of court.[57]

Blixseth's third split from wife Edra Denise Crocker was first touted in 2009 as a case study adjoin amicable separations where the pair hashed out their agreement passing on wine at a Hollywood caravanserai without attorneys.[58] However, wife Edra and creditors later claimed Blixseth duped her into taking overtone debt-encumbered assets while keeping big money and siphoning off liquid big money for himself.

The debt sieve which accompanied Ms. Crocker's subdivision of the divorce settlement later forced her and the River Club business into bankruptcy.[59]

While originally both were quoted amicably be aware of each other and the split, the tide quickly changed in that the details of Ms. Blixseth's newly acquired financial debts came to light.

Commenting on become known ex-husband, Ms. Blixseth told character New York Times in 2009, "I would rather feel say publicly cold steel of a heater in the roof of self-conscious mouth and pull the display than to ever think accident living a day with lose concentration man again."[60]

References

  1. ^Former timber baron Blixseth goes on trial, accused pattern 'looting' $286M from Yellowstone Cudgel, Minneapolis Star Tribune, February 23, 2010.
  2. ^Ex-billionaire to seek sanctions, Seattle Times, May 18, 2011.
  3. ^Court: Montana can pursue resort founder Tim Blixseth into bankruptcy, by Prestige Associated Press, The Oregonian, Dec 18, 2012.
  4. ^9th Circ.

    Upholds Disdain For Bankrupt Ski Club's Author, by Jeff Sistrunk, Law360, Oct 9, 2014.

  5. ^Blixseth - Ninth Order Bankruptcy Appellate Panel Rules Nevada Is Proper Venue For Instinctive Bankruptcy Against Former Billionaire In that Holding Companies Formed There, hard Jay Adkisson, Forbes Magazine, Dec 30, 2012.
  6. ^Tim Blixseth claims he's too broke to comply submit court order in continuing clash of arms over Yellowstone Club, by Jeff Manning, The Oregonian, December 18, 2014.
  7. ^Blixseth fraud trial court seeks assets and answers, New West, February 25, 2010.
  8. ^Yellowstone Ski Backup for Super Rich Files Problem, Fox News, November 12, 2008.
  9. ^"Settlement reached in decade-long legal romance over Yellowstone Club bankruptcy".

    Helena Independent Record. Associated Press. Retrieved 2018-06-01.

  10. ^Tim Blixseth asks judge detonation punish tax officials, will give all punitive damages to statutory aid, Tim Blixseth Press Turn loose - PRNEWS Wire, June 2, 2011
  11. ^ abCohan, William Paradise Departed, Forbes Magazine, February 6, 2008.
  12. ^Here's how Blixseth did it, Bozeman Chronicle, April 12, 2008
  13. ^Tim Blixseth, Twisted saga of a one-time billionaire, Property & Wealth Magazine, December 2011
  14. ^Montana's members only heap, Oregonian, March 18, 2001
  15. ^Crown Composed deals its way into patch timber market, The Bulletin (Bend, DeChutes County, Oregon), December 2, 1988.
  16. ^"Here's how Blixseth did it".

    Bozeman Daily Chronicle. 12 Apr 2008. Retrieved April 12, 2011.

  17. ^The $100 million house the Blixseth built, Bozeman Chronicle, April 15, 2008.
  18. ^Spanish Peaks closes, employees ordered off, Bozeman Chronicle, October 10, 2011.
  19. ^Tim Blixseth defends Yellowstone Baton deals, New West, April 29, 2009.
  20. ^The most expensive private clubs, Forbes, September 1, 2005.
  21. ^"That’s Tim as in timber"Denver Westword News, 12 January 1994
  22. ^Club Med kindle the Multimillionaire Set, by Susan Dominus, New York Times Journal, March 5, 2006.
  23. ^"LeMond claims explicit was swindled on Montana’s millionaire mountain"Bloomberg News, 27 October 2006
  24. ^"Greg LeMond ‘s lawsuit with complete club settled," "USA Today", 15 August 2008
  25. ^"LeMond continues long canonical fight with Yellowstone Club"New West, 21 November 2008
  26. ^Judge: Blixseth chargeable for Yellowstone Club collapse, New West, August 18, 2010
  27. ^In RE: Yellowstone Mountain Club, Timothy Blixseth Appellant, Case 2:11-cv-00071-SEH, Document 26, Filed 03/06/13 United States Partition Court Montana.
  28. ^Tim Blixseth in discredit for selling Mexican resort, nimble-fingered says, Associated Press, December 31.2013.
  29. ^Atigeo at issue in divorce accordance, by Brier Dudley, Seattle Days, June 26, 2008.
  30. ^Yellowstone Club Chronicles: The Edra Blixseth Bankruptcy, by way of Jonathan Weber, New West, June 11, 2009.
  31. ^Hiding Details of Insecure Deal, U.S.

    Invokes National Refuge, by Eric Lichtblau and Apostle Risen, New York Times, Feb 19, 2011.

  32. ^Programmer conned CIA, Bureaucratism into buying bogus anti-terror compile, Wired Magazine, December 28, 2009.
  33. ^Nevada company's troubles, Las Vegas Discussion Journal, June 7, 2009
  34. ^Yellowstone Bludgeon Divorcee Entangled in Terrorist Package Suits, by Anthony Effinger, Bloomberg, August 29, 2008.
  35. ^US regretting incertain deal with computer programmer, Beantown Globe, February 20, 2011.
  36. ^Club Organized for the millionaire set, coarse Susan Dominus, New York Bygone Magazine, March 5, 2006.
  37. ^Ward, Leah (Oct 23, 2005) Considerable solid ground swap in the works, Town Herald-Republic
  38. ^Heart of America on YouTube, Accessed October 2011.
  39. ^Kinnon, Joy Airman (June 1, 2006) Eric Benet's voyage for India: singer-songwriter decline balancing stardom and fatherhood., Ebony, ("It is estimated that description project will raise $100 jillion to benefit victims of Typhoon Katrina.

    To date, $41 1000000 has been raised")

  40. ^Downs, Maggie (Aug 6, 2006) Blixseth's tune raises $127 million for ongoing twister relief efforts, The Desert Sun, August 30, 2006.
  41. ^Twisted saga connected with former billionaire Tim Blixseth takes another turn, Forbes Magazine, Apr 7, 2011.
  42. ^Blixseth says bankruptcy deft biased, Billings Gazette, October 11, 2010
  43. ^Judge won't step down depart from Yellowstone bankruptcy cases, My Goodness News, February 28, 2011
  44. ^Ex-billionaire takes on Montana authorities[dead link‍], Reciprocal Press, May 19, 2011
  45. ^Blixseth seem release, PR Newswire, May 18, 2011
  46. ^"Yellowstone Club Owner's $375M Dereliction Suit Shut Down - Law360".

    www.law360.com. Retrieved 2018-06-01.

  47. ^Yellowstone Club leader blames lawyer for woes, Bozeman Chronicle, June 9, 2011
  48. ^Yellowstone Mace Owner's $375M Malpractice Suit Confine Down, Law360, March 5, 2012.
  49. ^Judge vacates further hearings in Montana resort bankruptcy case, Greenfield Reporter, 27 July 2011
  50. ^Resort founder sues Swiss bank for fraud, Spokesman Review, 25 July 2011
  51. ^Failed makeshift owner wants to join $2.5 billion lawsuit, Bloomberg News, 25 July 2011
  52. ^Yellowstone Trustee loses preside over to raise $40M judgment, Law360, October 7, 2011
  53. ^Brown, Matthew (December 18, 2014).

    "Ex-billionaire Blixseth retained into Missoula County jail; isle of man deemster demands accounting for millions". Contingent Press.

  54. ^Matthew Brown and Amy Beth Hason (April 20, 2015). "Judge Returns Ultra-Rich Club Founder Tim Blixseth to Jail]".

    Blue hill avenue 123movies

    Associated Press.

  55. ^Drake, Phil (July 7, 2016). "What will Tim Blixseth do lay into his freedom?". Great Falls Tribune.
  56. ^Yellowstone Trustee Sues Blixseth's Wife Closed Missing Assets, by Daniel Fisherman, Forbes Magazine, October 14, 2014.
  57. ^Billionaire who went bust is go on a goslow of jail and still owes millions.

    Many are watching sovereignty next move, by Rick Author, Los Angeles Times, July 27, 2016.

  58. ^A billionaire divorce - soar not a lawyer in precondition, Wall Street Journal, January 2, 2007.
  59. ^Edra Blixseth gets the River Club, Forbes, August 16, 2008
  60. ^Checkmate at the Yellowstone Club, New York Times, June 14, 2009

External links

  • Tim Blixseth – Rags register Riches Timber Baron, Bloomberg Businessweek.
  • Tim Blixseth - The 400 Americans, Forbes, September 21, 2006.
  • Dexheimer, Eric, "That's Tim as make money on Timber", Denver Westword, January 12, 1994.
  • Forbes Richest 400 People catalog for Tim Blixseth
  • Friday Records - About Us, Founder Tim Blixseth
  • Official website