A judge has ruled that former billionaire and Yellowstone Club founder Tim Blixseth is in contempt of court for selling an ocean resort in Mexico despite a court order not to sell the property that was part of bankruptcy proceedings, The Associated Press reported yesterday. A bankruptcy judge previously ordered that the Tamarindo resort was not to be sold or transferred while those proceedings were pending. Blixseth sold the hotel and condominiums in 2011 in violation of the court order, attorney Shane Coleman, who represents Yellowstone Club Liquidating Trust trustee Brian Glasser, said in a court filing. After a Dec. 23 hearing, U.S. District Judge Sam Haddon found that Blixseth was in contempt, according to court records.
