A federal judge says Yellowstone Club's founder Tim Blixseth is "unrepentant" and should remain in jail for contempt until he accounts for the millions of dollars he owes to creditors of the ultraluxurious ski and golf resort, Dow Jones Daily Bankruptcy Review reported today. U.S. District Judge Sam Haddon on Wednesday said that Blixseth, a former billionaire real estate developer, has deliberately misled the court and has failed to account for the proceeds from the $13.8 million sale of the Tamarindo resort in Mexico. "To this day, Blixseth has not fully and completely accounted for the Tamarindo sale proceeds," Judge Haddon wrote in a 40-page opinion. "He remains in contempt and, from the record, remains unrepentant."
