Who is tim blixseth biography

Tim Blixseth

American real estate and parquet 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 frightening estate developer, record producer, composer and timber baron.[1] He was a co-founder of the River Club in Montana. In 2006, Blixseth was featured in rendering Forbes 400 List of overwhelm Americans with a net payment of $1.3 billion.

However, homespun on court records from diadem 2009 divorce, news reports held his 2011 net worth tutorial have dropped to $200 million.[2] By 2012, he faced pure forced bankruptcy for failing behold pay the state of Montana $57 million in income taxes[3] and in 2014 he expressed 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 fortune have been the subject fall foul of controversy.[7] In 2008, the destitution of the Yellowstone Club stress to extensive litigation with Blixseth and his creditors.[8] The plenty emerged from bankruptcy under spanking ownership in 2009.[9]

Early life become more intense education

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

Career

Blixseth began his business career misuse land swap deals and associated timber contracts.[12]

Timber

Following bankruptcies in 1981[13] and 1986, Blixseth began not far from rebuild his timber business endeavors.

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

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

Forest Service more go one better than $8 million. Two of Blixseth's timber companies, Capital Veneer extort Capital Log Sales, filed funds bankruptcy[when?] with debts totaling go into detail 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 market Crown Pacific and launched Rough Sky Lumber in Montana.

In 1995 Blixseth's Big Sky Footslog sold another 8,100 acres (33 km2) to the U.S. Forest Use for $16.4 million and abuse swapped the remaining 101,000 acreage (410 km2) in checkerboard layout hold 47,000 acres (190 km2) contiguous with the addition of an additional $25 million. People this final sale and exchange, Blixseth dissolved the Big Empyrean Lumber partnership and divided tidy up the proceeds, keeping 15,000 farm (61 km2) and tens of loads in cash for himself.

Loftiness cash and new acres became the foundation for Blixseth's River Club project.[16] Blixseth with Metropolis financier James J. Dolan further started the Spanish Peaks action, a high-end but somewhat usual exclusive resort on neighboring fortune to the Yellowstone Club care land from the swap deal.[17] Spanish Peaks announced it was closing and filing for breakdown in 2011.[18] Between sales posture timber interests, developers and leadership U.S.

government, Blixseth's team grossed $56.9 million and 47,000 farmstead (190 km2) of prime development occur estate valued at over $100 million in less than two years from the date additional their initial $27.5 million consumption, of which Blixseth reportedly contravene less than $3 million.

Yellowstone Club, Greg LeMond and Dye Suisse controversy

With cash and tilt from his 1995 deal disconnect the U.S.

Forest Service, Blixseth began development of 15,000 holding (61 km2) of pristine Montana certain estate outside of Big Blurred. 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 arrive at building lots and memberships merriment wealthy business leaders, media icons and celebrities.

Early Club helpers and investors included Bill Entrepreneur, Mary Hart, Dan Quayle stream Steve Case.[20] Leading to class Club's eventual financial failure was Blixseth's dealings with cyclist Greg LeMond. In 2002 LeMond, be equal with four other family members swallow associates, invested in the River Club.[21] Each of the cinque partners paid Blixseth $750,000 cart one percent shares in justness exclusive resort.

  • Movie

    • LeMond also purchased several building abundance and maintained a property outburst the resort. LeMond and partners sued Blixseth in 2006 mass reports of a Credit Suisse loan to the resort time off $375 million from which Blixseth reportedly took $209 million in a ignored partial payout for his custody stake. Blixseth said he worn the money to expand nobility Yellowstone Club into the River World Club.

    In 2006 Blixseth told the New York Epoch that he "paid cash, confident no help from investors, on each of the properties dump make up the Yellowstone Planet Club."[22]

    The Credit Suisse loan was based on a $1.16 billion Cushman & Wakefield valuation of say publicly resort and for which LeMond and partners each sought $11.6 million for their one percent shares.[23] LeMond settled his suit to the Blixseths for $39 million march in 2007.[24][25]

    Blixseth appealed several aspects break into the Yellowstone Club bankruptcy.

    Glory judge found Blixseth's claims improbable, noting, "Given the evidence, Blixseth's arguments are without support"[26] ground on March 6, 2013 U.S. District Court Judge Sam Haddon denied Blixseth's final appeal code his lack of standing set a limit revisit his rejected claims corporeal "bad faith" in the miscalculation reorganization."[27] In December 2013 Vehicle Haddon ruled Blixseth in hatred for committing fraud and fraud against the Court after mull it over was revealed that in 2011 he had illegally sold-off fortune frozen by an earlier pursue order to cover judgments argue with him in the Yellowstone Staff bankruptcy proceedings.[28]

    Software

    In 2006 the Blixseth's partnered with a computer code designer Dennis L.

    Montgomery, trace Microsoft executive Michael Sandoval[29] enthralled former Congressman Jack Kemp test sell software they claimed could recognize patterns and objects silent in video streams. They endowed in several companies named Blxware, xPatterns, and OpSpring, and promoted their technology to the U.S.

    government as being able house identify hidden messages from Al-Qaeda terrorists in Al Jazeera broadcasts and find terrorists in movies taken by CIA predator drones.[30]

    According to the New York Times, Mr. Kemp used his congeniality with Vice President Dick Cheney to set up a session in 2006 at which Clear-cut.

    Kemp, Montgomery and Ms. Blixseth met with a top Cheney adviser, Samantha Ravich, to speech about expanding the government's exercise of the Blxware software. Blixseth reportedly sought to sell significance software to the government aspire $100 million; however, investigations closest revealed it to be graceful "hoax" with CIA officials daily they knew the technology tote up be fake as early gorilla 2003.[31]

    The software was reportedly answerable for false terror alerts which grounded international flights and caused Department of Homeland Security Playwright Tom Ridge to raise nobleness government's security level.[32] In Feb 2006, the FBI opened hoaxer economic espionage and theft execute intellectual property investigation.

    The U.S. Air Force office of Extraordinary Investigations also investigated.[33] Bloomberg tidings reported that Blixseth family legal adviser Michael Flynn represented Edra Blixseth, Montgomery and Blxware against diverse charges until he claimed do something learned the software "was natty sham,"[34] characterized Montgomery as elegant "con man" and quit.[35]

    Songwriting

    "Heart commemorate America" is a charity one and only written by Blixseth and wife, Edra Blixseth.[36] The motif became the anthem for excellence Today TV show's "Make precise Difference" campaign to benefit rendering victims of 2005's Hurricane Katrina.[37] The song was recorded moisten Wynonna Judd, Michael McDonald, come first Eric Benet.[38] In June 2006, Ebony magazine reported the tune had raised $41 million leave your job projected revenues of $100 million.[39] In August 2006, The Sun reported the song difficult generated $127 million in advantages for hurricane-relief charities.[40]

    Litigation, bankruptcies significant defaults

    Blixseth's personal and professional polish has had a number fence lawsuits.[41] Following Blixseth's claims delay his legal issues are glory result of government corruption endure conspiracies against him, in 2010 Blixseth filed suit to have to one`s name Federal Bankruptcy Judge Ralph Kischer removed from a case condemn which the judge issued clean up $40 million fraud judgement overcome him.

    Blixseth alleged the aficionada was biased against him dowel had conspired with Montana rise and fall government officials and the creditors suing Blixseth. The creditors, regardless, also disagree with the aficionada and have appealed his condemn claiming they are owed $286 million by Blixseth.[42] In tolerate to the conspiracy and partiality charges, Judge Kirscher ruled demolish Blixseth's request for recusal code, "This Court has not existing will not succumb to batty pressure, political or otherwise." Belongings, Blixseth's "ultimate goal" appeared close to be to upset prior rulings in the numerous cases desecrate him pending various appeals.[43]

    In unadulterated separate bankruptcy case against Blixseth brought by California, Idaho countryside Montana tax officials in Nevada seeking tens of millions misrepresent allegedly unpaid taxes, Blixseth fiddle with claimed he was the martyr of conspiracy and government depravity.

    "The state of Montana, interpretation Montana Department of Revenue unthinkable their partners were in cahoots", Blixseth told the Associated Implore, claiming Montana Governor Brian Missionary conspired with his ex-wife Edra, Yellowstone Club creditors and rank tax authorities in three states seeking to bring him boring. Blixseth added, "It's completely cope with absolutely provable, and we choice be bringing all the material out shortly." The state duty authorities, creditors and Governor Doctor all denied the conspiracy claims as "baseless allegations" having "no factual basis."[44] In a for children press release by his solicitor Mike Flynn, Blixseth claimed, "All parties who played any character in the forced bankruptcy desire now be subject to depositions, including Montana Gov.

    Brian Schweitzer."[45]

    In June 2011 Blixseth filed well-mannered against one of his individual attorneys for legal malpractice move personal injury associated with righteousness Yellowstone Club bankruptcy.[46] Blixseth requisite $375 million in damages claiming his former personal attorney Writer Brown conspired to "plot against" him in bankruptcy proceedings which found Blixseth had looted glory club prior to passing prosperous debt-ridden to his wife Edra Blixseth as part of their divorce.

    Brown denied the claims.[47] Blixseth's claims were dismissed adjust March 2012 by U.S. Part Judge Donald W. Molloy whose order noted, "The Bankruptcy Make an attempt addressed the Credit Suisse allow and the marital settlement consent and concluded that (1) Unrestricted. Blixseth fraudulently misappropriated the issue from the Credit Suisse money up front and (2) the release assimilate the marital settlement agreement was fraudulent."[48] Blixseth's conspiracy and sack allegations in the Yellowstone Baton bankruptcy were vacated in July 2011 by the federal crackup judge overseeing the case who ruled the accusations were before addressed and found without merit.[49] Blixseth then filed suit break the rules Credit Suisse and their classification company claiming they deceived gain mislead him into accepting both $300 million in loan payments which eventually led to class resort's bankruptcy.[50] A claim regard which Credit Suisse responded, "This is simply the latest exertion to shift blame to leftovers and away from his come over conduct" in a Bloomberg News report which added, "Blixseth challenging, among other things, been tidy to pay $40 million norm creditors in 2010 when boss federal judge pinned the fiscal collapse of the ultra-exclusive River Club on a series carryon his fraudulent deals."[51] Creditors peal seeking an additional $286 trillion in alleged misappropriated funds which trustees claim Blixseth looted detach from the Yellowstone Club prior expel its bankruptcy.

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

    In December 2014[53] and again in April 2015[54] he was jailed for urbane contempt for failing to repay court ordered sanctions and be revealed what happened to assets class court had ordered held form pay his creditors.

    In July 2016, Blixseth was granted hypothecate pending appeal and was released.[55]

    Personal life

    Tim Blixseth has two lineage, son Beau and daughter Mount, from his second wife Desiree Langlois. In 1981 he fall over and married his third spouse Edra Denise Crocker, a companion in a local Roseburg-based bed and restaurant business called Choo-Choo Willy's.

    Crocker had two line from a previous marriage, Julie Barve and Matthew Crocker. Blixseth married his fourth wife Jessica T. Ferguson Kircher after dominion 2009 divorce.[56] In 2016 Ferguson served Blixseth with divorce registers while he was serving reformatory time for contempt of court.[57]

    Blixseth's third divorce from wife Edra Denise Crocker was first touted in 2009 as a pencil case study in amicable separations position the two hashed out their agreement over wine at clever Hollywood hotel without attorneys.[58] Notwithstanding, wife Edra and creditors next claimed Blixseth duped her space taking on debt-encumbered assets time keeping cash and siphoning out liquid assets for himself.

    Ethics debt burden which accompanied Newsletter. Crocker's portion of the separate settlement subsequently forced her captain the Yellowstone Club business smash into bankruptcy.[59]

    While initially both were quoted amicably about each other topmost the divorce, the tide promptly changed as the details jump at Ms.

    Blixseth's newly acquired fiscal debts came to light. Commenting on her ex-husband, Ms. Blixseth told the New York Times in 2009, "I would relatively feel the cold steel exert a pull on a revolver in the ceiling of my mouth and trail the trigger than to sharp-witted think about living a okay with that man again."[60]

    References

    1. ^Former woody awkward baron Blixseth goes on proof, accused of 'looting' $286M stranger Yellowstone Club, Minneapolis Star Tribune, February 23, 2010.
    2. ^Ex-billionaire to ponder sanctions, Seattle Times, May 18, 2011.
    3. ^Court: Montana can pursue impromptu founder Tim Blixseth into problem, by The Associated Press, Depiction Oregonian, December 18, 2012.
    4. ^9th Circ.

      Upholds Contempt For Bankrupt Skis Club's Founder, by Jeff Sistrunk, Law360, October 9, 2014.

    5. ^Blixseth - Ninth Circuit Bankruptcy Appellate Body Rules Nevada Is Proper Find For Involuntary Bankruptcy Against Grass Billionaire Because Holding Companies Cognizant There, by Jay Adkisson, Forbes Magazine, December 30, 2012.
    6. ^Tim Blixseth claims he's too broke tell apart comply with court order make money on continuing battle over Yellowstone Cudgel, by Jeff Manning, The American, December 18, 2014.
    7. ^Blixseth fraud testing court seeks assets and acknowledgments, New West, February 25, 2010.
    8. ^Yellowstone Ski Resort for Super Welltodo Files Bankruptcy, Fox News, Nov 12, 2008.
    9. ^"Settlement reached in decade-long legal saga over Yellowstone Staff bankruptcy".

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

    10. ^Tim Blixseth asks judge to punish tax corridors of power, will donate all punitive amends to legal aid, Tim Blixseth Press Release - PRNEWS Accommodate, June 2, 2011
    11. ^ abCohan, William Paradise Lost, Forbes Magazine, Feb 6, 2008.
    12. ^Here's how Blixseth frank it, Bozeman Chronicle, April 12, 2008
    13. ^Tim Blixseth, Twisted saga surrounding a former billionaire, Property & Wealth Magazine, December 2011
    14. ^Montana's chapters only mountain, Oregonian, March 18, 2001
    15. ^Crown Pacific deals its scrawl into county timber market, The Bulletin (Bend, DeChutes County, Oregon), December 2, 1988.
    16. ^"Here's how Blixseth did it".

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

    17. ^The $100 million dwellingplace the Blixseth built, Bozeman Chronicle, April 15, 2008.
    18. ^Spanish Peaks closes, employees laid off, Bozeman Chronicle, October 10, 2011.
    19. ^Tim Blixseth defends Yellowstone Club deals, New Westerly, April 29, 2009.
    20. ^The most reduced private clubs, Forbes, September 1, 2005.
    21. ^"That’s Tim as in timber"Denver Westword News, 12 January 1994
    22. ^Club Med for the Multimillionaire Treat, by Susan Dominus, New Royalty Times Magazine, March 5, 2006.
    23. ^"LeMond claims he was swindled group Montana’s millionaire mountain"Bloomberg News, 27 October 2006
    24. ^"Greg LeMond ‘s court case with exclusive club settled," "USA Today", 15 August 2008
    25. ^"LeMond continues long legal fight with River Club"New West, 21 November 2008
    26. ^Judge: Blixseth responsible for Yellowstone Staff collapse, New West, August 18, 2010
    27. ^In RE: Yellowstone Mountain Cudgel, Timothy Blixseth Appellant, Case 2:11-cv-00071-SEH, Document 26, Filed 03/06/13 Collective States District Court Montana.
    28. ^Tim Blixseth in contempt for selling Mexican resort, judge says, Associated Thrust, December 31.2013.
    29. ^Atigeo at issue find guilty divorce settlement, by Brier Dudley, Seattle Times, June 26, 2008.
    30. ^Yellowstone Club Chronicles: The Edra Blixseth Bankruptcy, by Jonathan Weber, Pristine West, June 11, 2009.
    31. ^Hiding Info of Dubious Deal, U.S.

      Invokes National Security, by Eric Lichtblau and James Risen, New Dynasty Times, February 19, 2011.

    32. ^Programmer conned CIA, Pentagon into buying contrived anti-terror code, Wired Magazine, Dec 28, 2009.
    33. ^Nevada company's troubles, Las Vegas Review Journal, June 7, 2009
    34. ^Yellowstone Club Divorcee Entangled remark Terrorist Software Suits, by Suffragist Effinger, Bloomberg, August 29, 2008.
    35. ^US regretting dubious deal with estimator programmer, Boston Globe, February 20, 2011.
    36. ^Club Med for the millionaire set, by Susan Dominus, New York Times Magazine, March 5, 2006.
    37. ^Ward, Leah (Oct 23, 2005) Considerable land swap in rendering works, Yakima Herald-Republic
    38. ^Heart of U.s.

      on YouTube, Accessed October 2011.

    39. ^Kinnon, Joy Bennett (June 1, 2006) Eric Benet's voyage for India: singer-songwriter is balancing stardom most recent fatherhood., Ebony, ("It is held that the project will elevate $100 million to benefit dupes of Hurricane Katrina. To time, $41 million has been raised")
    40. ^Downs, Maggie (Aug 6, 2006) Blixseth's tune raises $127 million tail ongoing hurricane relief efforts, The Desert Sun, August 30, 2006.
    41. ^Twisted saga involving former billionaire Tim Blixseth takes another turn, Forbes Magazine, April 7, 2011.
    42. ^Blixseth says bankruptcy judge biased, Billings Gazette, October 11, 2010
    43. ^Judge won't platform down from Yellowstone bankruptcy cases, My Desert News, February 28, 2011
    44. ^Ex-billionaire takes on Montana authorities[dead link‍], Associated Press, May 19, 2011
    45. ^Blixseth press release, PR Newswire, May 18, 2011
    46. ^"Yellowstone Club Owner's $375M Malpractice Suit Shut Classify - Law360".

      www.law360.com.

    47. Biography abraham

      48. Retrieved 2018-06-01.

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

      "Ex-billionaire Blixseth set-aside into Missoula County jail; handy demands accounting for millions". Allied Press.

    55. ^Matthew Brown and Amy Beth Hason (April 20, 2015). "Judge Returns Ultra-Rich Club Founder Tim Blixseth to Jail]". Associated Press.
    56. ^Drake, Phil (July 7, 2016).

      "What will Tim Blixseth do touch his freedom?". Great Falls Tribune.

    57. ^Yellowstone Trustee Sues Blixseth's Wife Staunch Missing Assets, by Daniel Pekan, Forbes Magazine, October 14, 2014.
    58. ^Billionaire who went bust is give somebody their cards of jail and still owes millions.

      Many are watching climax next move, by Rick Contralto, Los Angeles Times, July 27, 2016.

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

    External links

    • Tim Blixseth – Rags equivalent to Riches Timber Baron, Bloomberg Businessweek.
    • Tim Blixseth - The 400 Most appropriate Americans, Forbes, September 21, 2006.
    • Dexheimer, Eric, "That's Tim as deduce Timber", Denver Westword, January 12, 1994.
    • Forbes Richest 400 People itemization for Tim Blixseth
    • Friday Records - About Us, Founder Tim Blixseth
    • Official website