A federal jury in Seattle has ordered Jessica Blixseth, estranged wife of former billionaire Timothy Blixseth, to hand over more than $9 million in assets her husband transferred to her in an attempt to avoid paying hundreds of millions of dollars in judgments against him stemming from the collapse of his Yellowstone Club real estate business, Forbes.com reported yesterday. The jury found Jessica Blixseth liable for accepting the transfer of private firms plus proceeds from the sale of Blixseth’s yachts, Piano Bar and Piano Bar Too, and a Citation jet into JTB LLC, a firm Jessica Blixseth controlled. Blixseth, who now goes by her maiden name Ferguson, was also found liable for transferring $600,000 to her mother, Cherrill B. Ferguson. Blixseth himself was hit with a $287 million final judgment by a Montana bankruptcy judge on Sept. 28. Read more.
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