The trustee representing Montana's Yellowstone Club creditors is offering a reward to anyone who can help uncover assets the luxury resort's co-founder might have hidden from bankruptcy proceedings.
Attorney Brian Glasser with West Virginia-based Bailey & Glasser LLP says the trust will give 10 percent of the profits of the liquidated assets recovered from Tim Blixseth to anyone with information that leads to their discovery.
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He's calling on people with knowledge of the former billionaire's transactions to come forward in what the trust is calling a "reward program."
Blixseth dismissed the program as a sign of desperation ahead of an appellate ruling on the resort's bankruptcy and other appeals that Blixseth says could eliminate the trust's claims.
A bankruptcy judge previously said Blixseth diverted hundreds of millions of dollars from a 2005 loan to the resort for his personal use.